New year busy in property

The Weekend Post - Real Estate - - Front Page -

THE ar­rival of a new year can be a busy pe­riod in real es­tate as peo­ple move in and out for work or study. Rental va­can­cies rise over the pe­riod, as a re­sult of this tran­si­tion and the end of many 12-month leases. Typ­i­cally, how­ever, va­cancy rates re­turn to nor­mal lev­els in the first weeks of Jan­uary. Many in­tend­ing to sell will be us­ing the Christ­mas and New Year pe­riod to make fi­nal touches to their prop­er­ties. Sales vol­umes have been strong in Cairns of late. Ac­cord­ing to LJ Hooker’s Open Mar­ket re­port, the city’s me­dian property price rose 6.7 per cent over the pre­vi­ous 12 months to $408,500. Fur­ther un­der­lin­ing the con­fi­dence in the city, Cairns prop­er­ties took on av­er­age 37 days to sell over 2015 – com­pa­ra­ble with the 35 days it’s tak­ing to sell prop­er­ties in the heated in­ner-Brisbane mar­ket. But buy­ers have dis­cern­ing eyes and no­tice all de­fects or fea­tures that are out­dated. Do peel­ing cor­nices need at­ten­tion? Does the kitchen cab­i­netry look shabby? And are tiles miss­ing in the kitchen or the van­ity need seal­ing? Styling your property is also very im­por­tant. A coat of paint, de­clut­ter­ing the house and weed­ing the gar­den can do a lot to at­tract a pre­mium buyer.

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