Upmarket property activity bucks up
ACTIVITY in the million dollar market is slowly beginning again after what has been an extended GFC-hangover. Since Easter, LJ Hooker Cairns Edge Hill has sold three properties in this upper-end market as both vendors and sellers recognise the market is meeting to offer opportunities for both sectors. A Bayview Heights property recently changed hands for in excess of $1 million, while a couple from Western Australia purchased a Redlynch home in the high $900,000s. Another on the northern beaches sold for a similar price. Activity in the upper-end of the market is traditionally slower than the entry and middle levels, so this run of quality sales could be the start of an emerging trend. Elsewhere, the healthy tourism market is playing a major role in luring owner-occupiers and investors to Cairns. Confidence is central to lifestyle markets such as ours. With the recent news that Aquis is moving closer to breaking ground, we’re going to see much more investment in Cairns as rental properties are taken up by tradespeople and construction teams. SELLERS are losing out on top dollars if their house lacks “street appeal”, research shows.
A report compiled by comparison website finder.com.au has revealed sellers could risk losing up to 25 per cent on their asking price because potential