The Cairns property market has closed out the final full week of 2023 with a series of solid auction results and private sales, demonstrating continued buyer demand across several popular suburbs. The week ending Wednesday, December 27, saw successful transactions in Kewarra Beach, Trinity Park, and Manunda, providing a clear snapshot of market activity heading into the new year.
Auction Action Across the Northern Beaches
The most notable result came from a four-bedroom home at 11 Nautilus Street in Kewarra Beach. The property was successfully auctioned by Tom Quaid of Tom Quaid Real Estate. While the final sale price was not publicly disclosed, the successful auction underscores the sustained interest in well-located family homes in the Northern Beaches precinct.
Further south in Trinity Park, another auction found a buyer. The residence at 19 Lantana Place was sold under the hammer by agent Brock McMenemy from McGrath Cairns. This sale adds to the consistent performance of Trinity Park, a suburb known for its modern homes and family-friendly atmosphere.
Private Treaty Sales Round Out the Week
Beyond the auction room, the private treaty market also saw action. In the central Cairns suburb of Manunda, a three-bedroom house at 19 Pease Street changed hands. The sale was facilitated by agent Michael O'Donohue from Professionals Cairns Central.
These transactions collectively highlight a market that remained active right up to the Christmas break, challenging the typical end-of-year slowdown. Agents reported genuine interest from both local buyers and those relocating from southern states, a trend that has characterised much of the past year.
Market Insights and Forward Look
The clearance of these properties, particularly via auction, suggests a level of confidence among both sellers and buyers. Auctions require a commitment to a transparent and time-sensitive sales process, and their success often points to a balanced market with ready demand.
Suburbs like Kewarra Beach and Trinity Park continue to be magnets for families and professionals seeking a lifestyle close to beaches, schools, and amenities. The sales activity in these areas provides a strong foundation for the 2024 market.
Industry observers will now watch closely for the traditional post-New Year listing surge, which will offer the next major test of buyer appetite and price stability in the Cairns region. The results from this final week of 2023, however, suggest the local real estate sector is entering the new period on a stable footing.
