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Cairns house hunters becoming active after federal election

first_imgVideo Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 1:38Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -1:38 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD540p540p360p360p270p270pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenWhat does property demand mean?01:38Buyers and sellers have been active in Cairns since May’s federal election result fuelled an increase of offers and settlements in the real estate market.LJ Hooker Cairns principal Ross Moller said buyers who were uncertain last year with an election looming were more active this year – especially in Edge Hill and Whitfield. “We have an offer on something every day … whether it’s put to bed or not is another issue,” Mr Moller said. LJ Hooker Edge Hill Real Estate Sales Director Nadine Edwards in front of a house in Hutchinson St that she recently sold. PICTURE: ANNA ROGERS“But the salespeople are negotiating every day.”CoreLogic data showed 50 houses were sold in Edge Hill in the past year to June and 63 in Whitfield.Both suburbs proved profitable with the median sales price of the 50 Edge Hill homes $480,000 and $547,000 for the 63 in Whitfield. Both are considerably higher than the overall Cairns median sales price which was $415,000.Of the combined 113 houses sold in these two suburbs over the past year, 22 went through LJ Hooker between January and June this year. “There were three houses in Whitfield that sold for more than $1 million,” Mr Moller said. “The most expensive was $1.225 million – a four-bedroom, four-bathroom home on a 2814sq m block.” More from newsCairns home ticks popular internet search terms2 days agoTen auction results from ‘active’ weekend in Cairns2 days agoMeanwhile, the least expensive property sold by LJ Hooker in this inner-city area was a three-bedroom home for $390,000. “It’s on a good 777sq m block of land with open-plan living and close the Edge Hill State School,” Mr Moller said. “About 70 per cent of the sales in Edge Hill are owner-occupier. It’s very popular for families and professionals.”Check out the real estate liftout in Saturday’s Weekend Postlast_img read more

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