Page 21 - Tropic Magazine Issue 24

TROPIC • REAL ESTATE

Slatyer’s view

MARKET WRAP
Nicholas Slatyer from Belle
Property Cairns surveys the
local real estate landscape.

All things being equal, May has been 2
pretty reasonable for us (especially when
compared to April...). But there are Despite learning that we can work from being successful. It’s always evolving
certainly a few “speeds” in the market at home, there is no doubt that when the and changing but one thing I do know
the moment. It seems that the CBD and office is humming it carries everyone is that in 15 years we have never had a
Palm Cove are pretty quiet, and I think with it – you just can’t get that via video better team.
it is easy to understand why. Residential Since the 25th of March we have been
buyers moving into the city are mostly watching the number of properties
local downsizers who aren’t under any in “Cairns Greater Region” (which is
pressure to make a move, so they are basically Gordonvale to Palm Cove)
sitting tight. Investment/holiday units There are buyers available for rent and to buy. It was very
in both Palm Cove and the city are around and there is less interesting to watch and it has played
also obviously impacted by the lack of out almost as I suspected. By the 20th
tourists for the moment. competition in most of April the number peaked with 203
Conversely, Belle Property Cairns agent segments of the market extra properties available for rent (as
Vanessa Robinson had an open home in Airbnb’s turned to long term tenancies
Edge Hill on the weekend that attracted Nicholas Slatyer, and some people left town) but that
Belle Property
a handful of inspections prior and then Cairns number has been dropping ever since
a further 30 groups of people at the and currently sits 71 higher almost
open home. The property was priced conferencing in your dining room. exactly two months later.
correctly, presented well and sold with Being back on Sheridan St also put I expected the number of sale properties
multiple offers signed over the weekend. an end to the steady stream of Zoom available to slowly climb but they
I think that owner-occupiers with secure meetings I was having every morning actually fell as I guess people decided
employment are still in the market but which were wearing a bit thin. not to sell. The number seems to have
anyone with an excuse to not buy is Not everyone in the team worked from bottomed out on the 15th of April with
using it to watch what unfolds. home though. Sarah, Kate, Ashlie, 60 less properties available… and has
We returned to the office on Monday Jemima and Myra stayed to keep the been very slowly climbing since.
25 May after nine weeks working from wheels turning behind the scenes… It To sell or not to sell. A month ago, I
home and I have to say the mood was can’t be stressed enough how important was in the “wait” category. As of now
great having the gang back together. having a great culture is to the business though, I think best to test the waters.
There are buyers around and there is less
competition in most segments of the
market. The big question is where will
we be in six months? If you know the
answer to that let me know!
As always, my phone is on should there
be anything I can do.

Nicholas Slatyer: 0409 00 22 33
MORE: belleproperty.com/cairns

1. The Belle Property Cairns team
2. Recent sale by Belle Property Cairns
1 in Edmonton

21 • tropicnow.com.au