The Cairns property market has started 2024 with clear momentum, demonstrating robust buyer demand and successful auction outcomes across several key suburbs. The latest data, covering the week ending January 18, reveals a series of strong sales, setting a positive tone for the year ahead in the Far North Queensland real estate scene.
Auction Action and Clearance Rates
Local agents reported a busy week with multiple properties going under the hammer. The auction clearance rate remained healthy, indicating that well-presented homes in desirable locations continue to attract competitive bidding. This activity suggests that despite broader economic headwinds, confidence in the Cairns housing market is holding firm.
One of the standout results was the sale of a four-bedroom, two-bathroom family home at 21 Lantana St, Whitfield. 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 ongoing demand for quality family homes in established suburbs like Whitfield.
Notable Sales and Suburban Highlights
Beyond the auction room, private treaty sales also contributed to a vibrant week. A significant transaction involved a modern low-set house at 19 Lorikeet St, Trinity Park. This property was sold by agent Nicky Birtchnell for a confirmed price of $820,000. The sale highlights the continued appeal of newer housing estates in the city's northern corridor, offering modern amenities and spacious living.
Further evidence of market strength came from the sale of a character-filled Queenslander at 9 Pease St, Manunda. This charming home found a new owner through agent Michael McLeod, with the deal finalised at $550,000. This result demonstrates that there is still a strong buyer pool for well-maintained character properties closer to the city centre.
What This Means for Cairns Buyers and Sellers
The collective results from the week paint a picture of a diverse and active market. From family homes in Whitfield to modern builds in Trinity Park and classic Queenslanders in Manunda, buyer interest is spread across different property types and price points. For sellers, these results reinforce the importance of accurate pricing and professional presentation to capitalise on the existing demand.
For prospective buyers, the active auction scene indicates that competition for desirable properties can be strong. Being prepared with finance pre-approval and a clear understanding of personal limits is crucial when entering the market. The successful start to the year suggests that the Cairns real estate market is entering 2024 with a foundation of stability and measured growth, making it a key area to watch in the Queensland property landscape.
