A combination of factors and market forces is fuelling strong property sales activity in the Cairns region, including low interest rates, upward pressure on rents due to record low vacancy rates and a treasure chest of potential government grants on offer.

“When it comes to buying a property in Cairns, a number of planets have aligned to make it the perfect time to consider buying.”

According to the latest Cairns Watch report by Herron Todd White, sale volumes for houses and units in Cairns have "regained the levels that were in existence prior to COVID-19," leading to faster sales periods and a small rise in prices.

Cairns Bank General Manager Peter Phillips recently commented to local news site Tropic Now that “a number of planets have aligned” to create an ideal market for buyers, particularly first home buyers.

“It’s an ideal time to look at this right now, due to a combination of things," Mr Phillips said.

“Interest rates are relatively low, rent prices are relatively high, and then you have the government incentives too. 

“Houses are still quite affordable in Cairns, and the main challenge is probably finding the right house and getting in in time."

Read the full article on Tropic Now here

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