Luxury property sales reach whole new level
WATERFRONT Trinity Park homes are the hottest property in the blue-chip real estate market in Cairns.
The prestigious northern beaches suburbs notched up three of the most expensive house sales of 2017.
CoreLogic data shows the award-winning four-bedroom manor at 4 Brindabella Quay, Trinity Park, topped this year’s sales charts after it fetched $2.5 million in October.
The property, designed by Cairns company Ash Moseley Homes, was snapped up by a southern investor in an offmarket deal.
“People are cashing out of the bigger cities and seeing value for money in Cairns’ prestige properties,” selling agent Nathan Shingles said at the time.
“There’s certainly a lot of confidence coming from down south.”
Just last month, the grand home at 4 Apollo Quay, Trinity Park, became the second highest Cairns house sale of the year, changing hands for $2.15 million.
Third on the list was the $2.025 million sale of the palatial home at 13 Knott Ct, Whitfield, in mid-October.
It was comfortably the highest price reached at an auction for a Cairns residential property in 2017.
“It’s good to see that there are buyers at this level of the market,” said selling agent Tom Quaid, following the auction result.
Cairns’ unit market experienced one sale in excess of $2 million this year. It was in January when the stunning CBD apartment at 58/1 Marlin Pde fetched $2.35 million, easily eclipsing the 2016 unit benchmark of $1.8 million.
Three of the five highest unit sales of the year were in the Cairns CBD with the remaining two being at Cairns North and Palm Cove.
The CoreLogic data shows that Cairns’ highest house sales outperformed those of Townsville ($1.825 million) and Darwin ($2.2 million), but was well below the Gold Coast ($16.5 million) and Brisbane ($8.8 million).
Cairns property experts have their fingers crossed that 2018 will bring more activity at the pointy end of the market.