The Cairns real estate market has seen a flurry of activity in the week ending May 23, with a range of properties going under the hammer or being sold via private treaty. Here are the latest auction and sales results from across the region.
Top Auction Results
Several properties achieved impressive prices at auction this week, reflecting strong buyer demand. A modern four-bedroom home in the suburb of Edge Hill sold for $1.2 million, exceeding its reserve price by $50,000. The property, featuring a pool and landscaped gardens, attracted multiple bidders.
Another standout was a three-bedroom unit in the city centre, which sold for $685,000. The unit, with views of the Coral Sea, was snapped up by a first-home buyer after a competitive bidding process.
Private Treaty Sales
In addition to auctions, several properties changed hands via private treaty. A character-filled Queenslander in the suburb of Manunda sold for $750,000, while a contemporary townhouse in Trinity Beach fetched $620,000. Both properties were on the market for less than three weeks, indicating strong demand in the area.
Real estate agents report that buyer interest remains high, particularly for properties priced under $1 million. The market is being driven by a combination of low interest rates and a shortage of available listings.
Market Trends
The Cairns property market continues to show resilience, with median house prices rising by 8% over the past year. Agents note that homes with outdoor entertaining areas and modern kitchens are particularly popular among buyers. Additionally, the rental market remains tight, with vacancy rates dropping to 1.5%.
Looking ahead, industry experts predict that the market will remain buoyant for the foreseeable future, supported by strong local economic conditions and ongoing demand from interstate buyers.
For a full list of auction and sales results, visit our dedicated property page.
