Market Update –
Mar quarter 2008*
|
Cairns
|
Mar quarter median
|
% change
Dec 07 – Mar 08
|
% change
Mar 07 – Mar 08
|
|
House Price
|
$375,000
|
-1.3
|
+10.3
|
|
House Rent (3
b/r)
|
$310 pw
|
+1.6
|
+6.9
|
|
Unit Price
|
$233,500
|
-0.6
|
+10.1
|
|
Unit Rent (2 b/r)
|
$250 pw
|
-3.8
|
+8.7
|
|
Vacancy rate
|
n/a
|
n/a
|
n/a
|
*
This is the most up to date available - property data is released 3 months
after the end of each quarter.
Source: Real Estate Institute of
Australia
and REIQ.
Comment:
The rate of growth has slowed over the past year however aside from
Perth,
Cairns has been one of the best performing residential markets in
the country over the past
2-3 years.
Growth is occurring in both prices and rents which is
keeping yields at more than acceptable levels.
Detailed
Market Information:
For more detailed property market information
click here,
or contact Quartile toll free on 1300 650 650.
Adelaide
| Brisbane | Canberra
| Cairns
| Gold Coast | Melbourne
| Perth | Sydney
