The Rise of Cairns' Real Estate Market
Over the years, Cairns has been one of the top tourist destinations in Australia. With its tropical climate, stunning beaches, and heritage-listed rainforests, it is not surprising that many people flock to the city every year. Cairns' lifestyle and scenery have impressed many, and in recent years, growth has expanded to the real estate market.
According to the latest research, Cairns' real estate market is experiencing a substantial uptick with increasing demand for property. Housing prices have increased over the last few years, with premium waterfront properties attracting premium prices. The pace of growth in the North Queensland property market has been quicker than the Majority of other Australian capital cities.
The rise in demand for Cairns' real estate can be attributed to several factors. One of the primary factors is the upturn in the Queensland economy, which is supported by elevated demand in the tourism sector. Cairns, being one of Queensland's most prominent tourism destinations, has enjoyed accelerated growth within this industry, resulting in a surge for more properties, particularly in the commercial and residential markets.
The other contributing factor to the Cairns' real estate market's rise is the city's natural beauty, combined with the increase of infrastructure developments. Supporting infrastructure such as Cairns airport upgrade or Bruce Highway development works are encouraging more domestic and international investors to consider Cairns as a great real estate investment option. Besides infrastructure developments, other significant investment projects like the Aquis development, which is set to house a 75000 football stadium, are attracting more tourists and investors to the area. Therefore, making Cairns an even more attractive destination for Real Estate purchases.
However, within this growth, there has been a shift in Cairns' Real Estate Market as buyers are beginning to find affordability in other areas of the city. Historically, Waterfront properties have dominated the market; however, due to availability and high pricing, investors are now looking at Outer Suburbs like Smithfield, Ivanhoe Estate in Gordonvale and Redlynch, Whiterock & Bentley Park for affordable housing options. These areas are offering affordable prices and having estate type living options in gated communities with fantastic views to mountains behind Cairns.
In summary, Cairns' Real Estate Market is experiencing an upward trend driven by strong economic growth, natural beauty and infrastructure developments. Although dominated by high-end waterfront properties, investors are now viewing the outer suburbs as an investment opportunity due to availability and affordability. With expansive growth forecasted in the tourism industry, Cairns is slated to be an attractive investment for business and real estate for years to come.
Luxury Living in Cairns: Top Properties on the Market
Cairns, a city located in Far North Queensland, Australia, is known for its breathtaking natural beauty, colorful wildlife, and serene, tropical climate. But that's not all Cairns has to offer: the city also boasts some of the most stunning luxury properties in the market. Whether you're looking for a spacious mansion with a view of the Great Barrier Reef, or a waterfront apartment with modern and elegant interiors, Cairns has something to offer.
For those looking to indulge in luxury living in Cairns, we've rounded up the top 3 properties on the market:
1. Villa on Rising Sun
This stunning four-bedroom villa is located in the picturesque and prestigious suburb of Trinity Beach. The villa has been designed to accommodate a large family or group of friends, with spacious indoor and outdoor areas to relax and entertain in. The property's standout feature is its infinity-edge pool with views out to the Coral Sea and Double Island. This villa is also fitted with state-of-the-art appliances and elegant furnishings, making it a truly luxurious living experience.
2. Waterfront living in the Marina
Located in the heart of Cairns' marina precinct, this two-bedroom apartment is perfect for those who enjoy waterfront living. The apartment boasts a large balcony with stunning views of the ocean and marina, and high-quality finishes and fittings throughout. Residents also have access to an array of amenities, including a pool, gym, and secure underground parking.
3. Skyrail Rainforest Cableway Estate
This prestigious estate is located in the heart of the Barron Gorge National Park, only 15 minutes from Cairns' CBD. The estate is made up of 43 freehold residential lots that range in size from 5000m2 to 1.5 hectares. Residents have access to an extensive array of exclusive facilities, including a clubhouse, tennis courts, and a 25-meter lap pool. The estate also offers residents unparalleled views of the rainforest and the Coral Sea. This property is perfect for those who enjoy a luxury lifestyle in a serene and peaceful environment.
These are just a few of the top luxury properties available in Cairns. If you're looking to indulge in a life of luxury in Australia's tropical paradise, then Cairns is definitely the place to be.
The Future of Cairns' Real Estate: Trends and Predictions
It is no secret that Cairns' real estate market is on the rise. The city is growing rapidly, with newly developed infrastructure and an influx of people moving to the area. As we look to the future, what trends and predictions can we make about the real estate market in Cairns?
1. Continued Growth in Population
Cairns has experienced a steady growth in population over the past few years, and this trend is set to continue. The city is becoming more and more popular among both Australian and international visitors, with its tropical climate, stunning natural beauty and relaxed lifestyle. As a result, the demand for housing in the area is set to increase, driving up prices and making real estate a valuable asset.
2. Rising Property Prices
The increasing popularity of Cairns as a holiday destination and a place to live has resulted in a rise in property prices. With limited land available for development, prices are set to continue rising in the coming years. This is good news for property owners, but it also means that buying property in Cairns will become increasingly difficult and expensive. Buyers may need to compromise on location, size or quality in order to find a property that fits their budget.
3. Increased Investment in Infrastructure
Cairns is currently undergoing a significant transformation, with a number of major infrastructure projects underway. This includes the redevelopment of the Cairns CBD, a new sports stadium and several large-scale road and rail projects. These developments are not only improving the livability of the city, but they are also increasing its economic potential. As a result, we can expect to see continued investment in infrastructure in the coming years, further driving growth in the real estate market.
4. Greater Emphasis on Sustainability
Cairns has always been known for its natural beauty, and this is something that is increasingly being protected through sustainability initiatives. The city council is working hard to promote eco-friendly and sustainable development, such as the use of solar power, rainwater harvesting and green building practices. This emphasis on sustainability is not only good for the environment, but it also means that property owners can expect to see increased demand for environmentally conscious homes in the coming years.
Overall, the future of Cairns' real estate market looks bright. With continued population growth, rising property prices, increased investment in infrastructure and a greater emphasis on sustainability, Cairns is set to become an increasingly attractive place to live, work and invest.