Queensland's
residential property market has recorded its fourth consecutive
quarter of growth, with solid median house price increases
recorded across
all areas.
Cairns property market recorded a median house price rise
of 16.7% over the
year.
The State of Queensland has now recorded one year of sustained
house price
growth, and the healthy momentum of the residential property
market is
likely to continue
given the ongoing strength of the economy and the increasing
population also
helping to drive the market.
Foreign investors are also looking to Cairns to purchase,
being the third
most popular city in Queensland fo foreign purcashers.
Over the last year there has been 153
sales in Palm Cove including
properties extending from Buchan Point to Argentea being units,
apartments,
houses, commercial properties and development sites. Specifically
there has
been 42 house and duplex sales with the median sale price
of $480,000,
average sale price $500,000 and the highest price sale $995,000.
Highest price Sale in Palm Cove Buchan Point
for a Residence : $1.325m
Highest price Sale in Palm Cove Buchan Point for a Bure or
Villa : $2.2m
Please also read below what the Newspapers
have to say. |
