The Cairns real estate market has continued to demonstrate resilience and strong demand, with the latest auction and sales results for the week ending May 10 revealing a number of properties achieving prices well above their reserve. Agents across the region reported robust buyer activity, particularly for family homes and investment properties in desirable suburbs.
Top Performances in the Auction Room
One of the standout results of the week was a four-bedroom home in the sought-after suburb of Edge Hill, which sold under the hammer for $850,000, exceeding the reserve by $50,000. The property attracted multiple bidders, reflecting the ongoing competition for quality housing stock in the area.
Suburb-by-Suburb Breakdown
In Manunda, a three-bedroom unit achieved a sale price of $420,000, while a renovated Queenslander in Bungalow fetched $620,000. Both properties saw strong interest from first-home buyers and investors alike.
- Edge Hill: $850,000 (4-bedroom home)
- Manunda: $420,000 (3-bedroom unit)
- Bungalow: $620,000 (renovated Queenslander)
- Trinity Beach: $1.2 million (waterfront property)
Market Insights from Local Agents
Local real estate agents noted that the market remains buoyant, with low inventory levels continuing to drive competition among buyers. “We are seeing strong demand across all price points, particularly for properties that are well-presented and in good locations,” said one agent.
Sales Results Highlights
Other notable sales included a waterfront property in Trinity Beach that sold for $1.2 million, and a townhouse in Cairns North that achieved $530,000. The consistent performance across different segments of the market underscores the overall health of the Cairns property sector.
As the market moves into the winter months, agents expect continued activity, with many properties already scheduled for auction in the coming weeks. Buyers are advised to act quickly in this competitive environment.
