Cairns property sales set to rise for November
A SLUGGISH-to-slick resurgence in the Cairns property market has excited local real estate agents as they prepare for the traditional November sales rush.
Real Estate Institute of Queensland Cairns chairman Greg Clyde-Smith said after years of struggling sales, confidence was beginning to return to the market.
"Traditionally, November is one of the best months of the year" Mr Clyde-Smith said. “This year, September was very good, October tended to slow a bit ... but it seems to be picking up again now.” Mr Clyde-Smith said while there was no evidence pointing to a sales boom at this stage, the gut-feeling among real estate agents in Cairns was largely positive.“There’s still quite a shortage of properties available for sale,” he said.
“But I’m very confident (about the market) and once we start to get into next year, we’ll be really sailing along.”
RE/MAX Cairns real estate agent Joan Robb there was a clear upswing in the property market, having already made four sales herself this month.
“There’s been a good level of buying inquiry and I’ve seen a substantial change in the past six months,” she said.
“People are saying the market is hard, but I’m not having that problem at all.”
Ms Robb said Edge Hill, Whitfield and Brinsmead seemed to be the most sought-after Cairns suburbs for buyers.
“The past two or three years have been pretty slow, but last year it started to come back,” she said. “Generally speaking, I think we’re ready for a bit of a boom again.”
Ms Robb said she had been taking a mix of sales inquiries from both local and interstate buyers.
“They’re coming from everywhere,” she said. “There’s obviously a bit of confidence returning to the market.”
The latest CairnsWatch report for October noted that properties sales had dropped 31 per cent between the September quarter of 2011 and the September quarter of this year.But that was in contrast to building approvals, which had tracked a 26 per cent jump between January and August this year.