Cairns Property
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What is the current state of the Cairns property market?
It's the Real Estate Podcast, brought to you by ANZ Home Loans for financial well-beings. And welcome to another episode of the Real Estate Podcast, available on iHeartRadio every morning and on Spotify and Apple and wherever you get your podcasts from. Monday morning is behind us. We are into a Tuesday, the 13th day for September for 2022. And coming up in just a moment, our road trip is pulling into Cairns. And we're going to be speaking with Kyle about the Cairns property market. Is it a location that you have thought about in the past, about relocating, saving some money on property? Well, plenty of people have done it, and we'll catch up with Kyle in just a moment. Talking of moving to a different location to save money...
I mean, this is at the other end of the spectrum. You might have read a couple of days ago a young couple who paid $99.5 million for a few different sections at a site in Port Piper in Sydney. And of course, the $99.5 million is primarily for the land because they plan to build a mansion on it which is likely to be Australia's most expensive property after completion. I mean, this is excessive expenditure, excessive indulgence and it's an excessive statement to make. You know, there was a time when spending $10 million on a property was excessive. But now it seems like the sky is the limit. The stamp duty alone on this was $6.77 million. And by my calculations, you can build a pretty nice home for that.
It's your weekday real estate breakfast with news, interviews and predictions every morning on The Real Estate Podcast. All right, if you're celebrating a birthday today for the 13th day of September, have a great Tuesday. You share it with Thomas Muller, the German footballer. He is celebrating today. He was born back in 1989. And Shane Warne, now he would have been turning 53 today. Unfortunately, of course, he passed away on the 4th of March. And a quick calculation, that is over six months ago. Where has that time gone? It's your real estate podcast for breakfast. It's the main centre forecast with PRD, selling smarter every day. And let's check on your weather on this Tuesday morning in Sydney.
How have median house prices changed in Cairns recently?
Good morning to you. Expecting one or two showers today. Your high of 17 degrees. Might be wet too in Melbourne with a possible shower. 14 degrees is your forecast top. It's going to be fine and sunny in Brisbane with 25 degrees and in Perth showers with a possible storm today and your high of 18 degrees. We talk with leading property commentators with analysis, predictions, forecasts and what's trending every morning from 6.30. Well, last week we started our road trip and headed for the desirability of living in the warmer Queensland countryside. And we started off in Harvey Bay on the Fraser Coast there, about 300km north of Brisbane, where Scott told us that the climate in Harvey Bay is one of the best in the country.
And from Harvey Bay, we then headed further north to Rockhampton. And the prices like Harvey Bay are significantly cheaper than a Brisbane and lots of great value. And then we drove further north to Mackay and spoke to Danielle and Mackay is certainly turning out to be a popular destination as well. And we are back on the road. This time we have arrived in Cairns and we are talking to Kyle Olofsson from Explore Property.
Who is moving to Cairns and why?
So a very good morning to you, Kyle. Welcome to The Real Estate Breakfast. Thanks for having me. Good morning to you too, Craig. Great to have you on. Now, spring is in the air. We've got the warmer temperatures because we're in Cairns. How are you finding the change of the season with your market there? Our market, well, our city in general shines this time of year. And it's just a fantastic vibe out there as you move around. We've certainly seen the return of tourists domestically. And we're very optimistic that our market will continue to show signs of strength as we lead into Christmas. We have been talking, as I mentioned over the last week, about the likes of a Harvey Bay, a Rockhampton, a Mackay, and the price differences, the more value for money for first home buyers in particular.
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Chapters
7 chapters
1
What is the current state of the Cairns property market?
0:02–2:48
2
How have median house prices changed in Cairns recently?
2:48–4:21
3
Who is moving to Cairns and why?
4:21–5:21
4
What investment opportunities exist in the Cairns property market?
5:21–7:01
5
How are interest rates affecting the Cairns real estate market?
7:01–8:04
6
What industries are driving growth in Cairns?
8:04–9:54
7
What future developments are expected in Cairns?
9:54–11:09
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