Cairns Property Market Update December 2019

2019 has been a little up and down however in general terms it is our view that we have ended the year around or even a little ahead of where we started, at least in terms of activity. There has been limited movement in prices although overall they have tended to hold up reasonably well. Rental demand is still strong and there is limited availability of stock.

We have noticed a pick up in activity since the start of the financial year and it is likely due to the interest rate cuts allowing people to refinance or possibly trade up after sitting tight in recent years. Investors are reportedly a little more active although still not at a level to lift the investment market. 

Speak with a Cairns Mortgage Broker today.