Where the gains are flow­ing

The Weekend Post - Real Estate - - Front Page -

“stock” was needed. She said there was high de­mand for peo­ple want­ing to buy houses in the es­tab­lished sub­urbs and they were likely to pay higher prices to se­cure prop­erty in the area.

“Fresh­wa­ter has al­ways been a sought-af­ter area,’’ she said.

“It is close to the beaches, close to town and the air­port.

“It’s beau­ti­ful and it’s an iconic sub­urb.”

Prin­ci­pal of Ather­ton Realty on the Table­land, Rino Gava, said Ma­landa’s sur­pris­ing price growth could be due to more ex­pen­sive ru­ral blocks be­ing sold in the past year.

“Ma­landa is very soughtafter for acreage,’’ Mr Gava said.

“That mar­ket has re­ally picked up in ac­tiv­ity in the last year, year and a half.”

Mr Gava said lo­cals up­grad­ing and in­ter­state buy­ers were in­quir­ing about new list­ings.

“List­ings have tight­ened up a bit and of course prices have gone up.”

Houses in Babinda, East Innisfail, Mill­stream and Card­well – a l l s o u t h o f C a i r n s – h ave de­creased in price since this time last year.

Babinda’s me­dian house price has dropped to $170,000, 26.6 per cent less than 12 months ago.

East Innisfail ex­pe­ri­enced a 25.5 per cent price drop, fol­lowed by Mill­stream at 19.8 per cent and Card­well at 15.2 per cent.

Babinda and East Innisfail are the cheap­est sub­urbs in the Far North. Fresh­wa­ter: 19.8%, 3.9% Ma­landa (Table­land): 18.5%, 5.5% Machans Beach: 17.7%, 5.8% Kan­im­bla: 15.9%, 3.7% Trin­ity Beach: 14.9%, 5% White Rock: 14.3%, 5.4% Mooroo­bool: 14.1%, 3.7% Craiglie (Port Dou­glas): 14.1%, 2.1% Tolga (Table­land): 13.6%, 4.5% Port Dou­glas: 11%, -0.3%

WISE BUY­ING: Carmel Calvert at her Fresh­wa­ter prop­erty that is for sale with RE/MAX Cairns agent Joan Robb. Fresh­wa­ter has en­joyed a 19.8 per cent rise in me­dian house prices in the past year.

DE­SIR­ABLE LO­CA­TION: Joan Robb sold 13-15 Me­gan St, Fresh­wa­ter, for $830,000.

Newspapers in English

Newspapers from Australia

© PressReader. All rights reserved.