Page 17 - Tropic Magazine Issue 21

TROPIC • REAL ESTATE

dropping for the last 2 years – it once
was closer to 70%. But why have the
numbers decreased? That’s the tricky
question. It’s possible that the sluggish
start to this year may have knocked the
confidence out of buyers. However, I
believe that the next few years will see
Agent’s view a significant change in the Cairns CBD
with new visitors discovering the city and
some recent investments bringing some
Nicholas Slatyer vibrance back into the streets. There is a
Belle Property Cairns 1 lot happening here; from CPAC and the
Gallery Precinct, to Crystalbrook coming
For the second time this year we have to town. The real estate industry just
had an incredible run of sales. Within the hasn’t seen the effects… yet.
space of a couple of weeks, we exchanged I’ve never found the market more
contracts at $1.375m, $1.22m, $1.08m, unpredictable than it is now. Pricing
$1.03m, $1m, $980k, $940k, $800k and properties can be a minefield. Houses
$715k. As is so often the case, the last third that should sell easily, don’t; and others
of the year and the run to Christmas is that could be tricky are gone quickly.
looking very busy. More than ever our relationship with
Having said that, we keep a very close sellers is collaborative and process driven.
eye on the number of homes transacting Being open and honest and then putting
over $1.0m across Cairns, and we’ve in the hard yards shows great results.
found that it has dropped significantly
– about 30% in general. We also monitor
what part of the country our buyers are MORE: belleproperty.com/cairns
coming from. At the moment, 55% of
all buyers purchasing properties over 1. Expressions of interest are being invited for 57
Falcon St, Bayview Heights
$650k are local. This number has been 2 2. 52 Cedar Rd, Palm Cove is listed for $1.35m

Happy home
sustainability and integrity.
INNER-CITY LIVING ‘Happiness on Denbeigh’ is the
culmination of 30 years’ experience for
MiHaven, one of the best developers James and Sarah Mort. “It’s
exponents of inner-city style, all about clean lines and simplicity of the
has put its latest development design,” James said. “These homes are
ideally designed to accommodate a range
on the market. of people’s needs, from downsizers to
Located on a quiet street in the popular young professionals or those attracted
character precinct of Parramatta Park, to a simple, urban lifestyle. MiHaven
‘Happiness on Denbeigh’ delivers low- delivers a luxurious, hassle-free lock up
maintenance luxury and go attitude.”
with the relaxed North Set over two levels
Queensland lifestyle in with generous living
mind. Developed and It’s all about clean lines areas on both, the
constructed by award- expansive, lightfilled
winning MiHaven and simplicity of properties feature
and on freehold title, the design sleek, contemporary appointments and high-quality finishes.
it perfectly executes kitchens and MiHaven is the only registered B Corp
the company ethos James Mort inspired al fresco company in Cairns and was the first
of innovation, MiHaven dining areas Australian construction company and
which open out to property developer to be awarded
a courtyard and registration. The B Corp signifies it’s
private tropical gardens. The master a globally recognised social enterprise
suites are located on the ground level business (a business for purpose), creating
with the remaining bedrooms upstairs, social impact in everything it does.
affording both privacy and liveability
in the layout. The tropical ambience MORE: mihaven.com.au /property
is achieved through impeccable

17 • tropicnow.com.au