Cairns Property Market: Low Listings, Soaring Prices

Title: Cairns Property Market: Low Listings, Soaring Prices

Introduction: In the ever-evolving landscape of the Cairns property market, a compelling trend is taking shape - a dwindling number of new property listings, juxtaposed with increasing buyer demand and rising prices. In this blog, we'll explore the implications of this phenomenon on the Cairns real estate scene and why acting swiftly might be the key to success in the current market.

1. The Dwindling Listings Analysis by Domain reveals a notable slowdown in new property listings, despite the surging demand from prospective buyers and the corresponding rise in property prices. The figures for September are telling: new listings across combined capital cities have dropped by a significant 12.3%, marking a 0.7% decrease compared to the same period last year.

2. Insights from an Expert Nerida Conisbee, chief economist at Ray White, sheds light on the situation. While there was a slight uptick in listings from June to August, the pace has slowed since then. This presents a conundrum because the market is witnessing an influx of eager buyers. Normally, one would anticipate a surge in sellers during such times, but that's not the case as we head into late spring.

3. The Road Ahead Conisbee predicts that this trend of low listings will persist through the end of the year. The implications are clear - if you're looking to sell your property before Christmas, you may have only a narrow window of opportunity, with just about two weeks left to act.

The Cairns Connection: What does this mean for the Cairns property market? While the statistics mentioned are drawn from a broader context, the Cairns region is not immune to these market dynamics. As listings decrease, and buyer demand remains robust, the prices of properties in Cairns are also on an upward trajectory.

Conclusion: For both buyers and sellers in Cairns, this evolving real estate landscape presents both challenges and opportunities. The scarcity of listings is driving competition, and sellers who act promptly may benefit from the price surge. Conversely, buyers need to be vigilant and make informed decisions in this competitive environment. As the year-end approaches, it's clear that timing is of the essence in the Cairns property market.