cairns PROPERTY MARKET REPORT
MRD was developed to educate, empower and assist property investors throughout their investment journey.
To do so, we’re committed to offering the latest Cairns property market research so you can learn, grow and build sustainable wealth primarily through property.
Our reports are backed by almost 15 years of property research experience.
The information in these reports is sourced from a range of published and respected data sources to create a holistic overview of the region’s property market.
In other words, we've done the legwork so you don’t have to.
Our Cairns Market Report addresses all aspects that are pertinent if you are considering acquiring residential property in the region to expand your investment portfolio. It puts all elements of Cairns in context for you, with a focus on:
- The Property Cycle
- Vacancy Rate
- Median Rents
- Rental Prices
- Rental Yield
- Median House Price
- Supply Indicators
- New Stock Coming to Market
- Industry sector of employment
- Employment Status
- The Future: The property and commodity market
Cairns is a world renowned tourist destination located on the north east coast of Queensland. The region is framed by the lush World Heritage listed Wet Tropics rainforest and the Great Barrier Reef. Its Estimated Resident Population is 158,985 (2014). The region has experienced an average annual population growth rate of 2.8% over the last 10 years.
According to REIQ, Cairns is predominately occupied of rental dwellers. Of occupied private dwellings in the Cairns Local Government Area, 23.2% are owned outright, 33.7% are owned with a mortgage and 39.8% are rented.
At present, Cairns is at the Recovery phase of a property cycle. Based on the Cairns Post (July 2014), real estate agents complained that there wasn’t enough stock to sell, and it was common for newly listed properties to sell the first day they were advertised. There were a lot of people waiting for prices to rise before listing their house for sale. According to Herron Todd White, the Cairns market has seen increasing numbers of residential properties sold over the last three years, but that is still 40% below the normal trend for the city. Find out more >
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