SUBURBS FOR FIRST HOME BUYERS:
New buyers home in on city’s lower-priced areas
PLUS 88 PAGES OF PROPERTY
DESPITE a reduction in the first homeowner’s grant, a bevy of Cairns suburbs are throwing up affordable, convenient options for those making their first foray into buying a house.
Earlville, Mooroobool, Westcourt, Bentley Park, Smithfield and Cairns North all have a range of houses and units on the market from $135,000 to just over the $300,000 mark.
LJ Hooker Edge Hill principal Ross Moller said the attraction of many suburbs was their proximity to the city, schools and major shopping centres.
“They may be older homes but it also gives the first homebuyer the chance to renovate and create some capital gains going forward,” he said.
The Industry Estate Agents’ Heidi Weyling said a little bit of money went a long way in southern suburbs like Bentley Park.
“It’s still possible to secure a home for under $300,000. Or if you have a bit more to spend, there are larger homes with views for around $550,000 which is fantastic value,” she said.
“In some of the established areas of Smithfield there are some great value homes on large allotments. Alternatively there are house and land packages in the new estates.
“If you are single and looking to buy your first property then an apartment in Cairns North may be more affordable and suited to your lifestyle. If you choose to move on later on, rental returns on apartments close to the city are excellent.”
Despite a call by Master Builders Queensland to increase the first homeowner’s grant to $20,000, where it sat before July 1 this year, one Cairns development representative said they had witnessed a return to the market of those looking for their first home.
Fortress Group sales manager Garett Kleinschmidt said Bentley Park’s Cherrybrook provided affordable, entrylevel homes.
“Inquiries have been strong with 35 per cent of lots already sold in the first release since it hitting the market in May this year.
“More than 60 per cent of current settled contracts are first home buyers. The uplift is much earlier than we expected.”
Peter Bridgewater from Bridgewater Builders said he was “starting to see more hope and confidence from first time buyers in the market”.
The pick-up could be tied to improving employment rates, according to MBQ deputy chief executive Paul Bidwell.
Plan your next move with the massive selection of homes for sale in today’s 88-page real estate liftout