The pain of the recent and now past down turn in the Cairns property market is officially over, according to the Herron Todd White property clock. I bet a jubilant cheer rang through many sales offices around Cairns when it was noticed that the property clock had moved from ‘Bottom of Market’ to ‘Start of Recovery’.
The Property Clock which features in all Herron Todd White’s monthly property reports (see full report here) has been stuck in what many thought to be a timeless position on the bottom of the market for years, and now it’s turned, Hurrah! Hurrah!
For those experienced in selling day in day out, it’s no new news. Sales agents such as me, Darcy Smith have noticed a far more exuberant property market for most of the year with more buyer activity, resulting in better prices achieved. The market is by no means booming but it is at least steady with positive signs that demand for ownership in Cairns will increase. At what pace expected property prices will increase in Cairns is a matter for the fortune teller.
For those wanting to be investors in the Cairns property market, please take note the clock has turned and now maybe the best time to ride the market cycle to your advantage. DJ Smith Property not only Sells, Auctions or Property Manages properties, we also offer a comprehensive Buyers Agent Service for interstate or international clients wanting reassurance in selecting and negotiating your investment purchase.