Growth in the mar­ket

Port Douglas & Mossman Gazette - - REAL ESTATE -

QUEENS­LAND units and town­houses have fol­lowed the pos­i­tive lead of the house mar­ket, ac­cord­ing to the lat­est Real Es­tate In­sti­tute of Queens­land data.

Cairns recorded me­dian unit price growth of 5.5 per cent to $ 205,000 over the De­cem­ber quar­ter and posted an in­crease in sales of 8 per cent com­pared to the same pe­riod in 2011.

REIQ CEO An­ton Kar­dash said the num­bers of unit and town­house sales across the state con­tin­ued the prop­erty mar­ket’s up­ward trend. .

‘‘ While there has been an in­crease in de­mand for units in the Cairns re­gion, dis­count­ing has been partly re­spon­si­ble for this rise in in­ter­est as the area is still strug­gling with high body cor­po­rate and in­surance levies fol­low­ing Cy­clone Yasi more than two years ago,’’ Mr Kar­dash said.

The num­bers of unit and town­house sales statewide in­creased 8.9 per cent in the De­cem­ber quar­ter 2012 com­pared to the same pe­riod in 2011.

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