Strong start to 2011

The Weekend Post - Real Estate - - Front Page -

OMatt Powe of Powe Prop­erty says the new year is off to a great start for this re­gion based on the past two weeks. NE Cairns real es­tate agent has a lot to smile about – a record year in sales and six houses have al­ready sold since the be­gin­ning of Jan­uary.

Matt Powe of Powe Prop­erty is con­fi­dent that 2011 will shape up to be a su­pe­rior year for the re­gion if the past two weeks are any­thing to go by.

De­spite a gloomy real es­tate mar­ket in Cairns last year agents at Powe Prop­erty smashed their 2009 sales record by nearly $ 6 mil­lion.

“ The of­fice sold $ 48.8 mil­lion from 140 sales, com­pared to $ 42.8 mil­lion in 2009. This record eclipsed the pre­vi­ous one from 2009 by 14 per­cent,” he said.

“ The vol­ume of sales for the of­fice can mainly be at­trib­uted to

besterc@ tcp.newsltd.com.au the ef­forts of Ben Au­gust and Clint Smith who beat their pre­vi­ous per­sonal records by more than 50 per­cent of the vol­umes recorded in the pre­vi­ous year.

“ This is the third con­sec­u­tive year that the record has been bro­ken. We have had a strong start to the month with six sales in the first week back from the Christ­mas and New Year break.

“ This is a strong start to the year and bodes well for the first quar­ter of 2011.

“ This week alone we sold a house at Fresh­wa­ter in the high $ 400,000 price range, which was only on the mar­ket for a week. The re­sults from the of­fice show that in any mar­ket you can de­liver great re­sults with the right for­mula.

“What­ever the mar­ket, an agent has to re­main fo­cused on the fac­tors they can con­trol and block out any other neg­a­tive in­flu­ences. We have proven that a good prop­erty, well pre­sented and mar­keted, al­ways finds a buyer.

Cairns Prop­erty Of­fice prin­ci­pal Greg Moule backed up Mr Powe’s fig­ures with their city of­fice and Red­lynch of­fices sign­ing 31 con­tracts in De­cem­ber, which av­er­aged out to be one con­tract per day, and recorded $ 8 mil­lion in sales.

Mr Moule said this fig­ure was the best De­cem­ber recorded for Cairns Prop­erty Of­fice.

“ The ac­tiv­ity sur­prise,” he said.

“De­cem­ber is a funny month tra­di­tion­ally we see sale ac­tiv­ity in the first two weeks of the month and by around the 15th or 18th buy­ers slow down but this year the sales con­tin­ued through up un­til Christ­mas Eve.

“ This is a good in­di­ca­tion of the peo­ple com­ing to town and in­vest­ment that’s hap­pen­ing.

“ The first week of Jan­uary was slow but this week we have had four or five sales so it’s con­tin­u­ing to a point.

“We have had a strong in­ter­est from peo­ple out of town.

“ This week we have had two or three con­tracts from Dar­win so peo­ple are see­ing the op­por­tu­nity here now.”

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