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Where to find a property bargain in Cairns and FNQ

first_imgWoree, Manoora and Gordonvale rounded out the top five with positive or nil growth in the middle of last year.RE/MAX Cairns principal Tony Williamson said plenty of supply on the southside of the city meant the region was primed for bargain hunting.“It’s a pure matter of supply and demand, on the south side the Great Dividing Range goes away from the coast so there is more land but in the north there’s only a narrow strip,” he said.“In Babinda you can get properties for 40 per cent of price you’d pay. “Cairns people are not used to that long commute but if they are wanting to buy their own house, they cam see the value on the southside, and if they’re prepared to make that commute and live in a more relaxed setting they might be looking at places further south like Babinda.”Manoora, Manunda and Mooroobool also featured in the list of bargains and Mr Williamson could not heap more praise on the “unfairly maligned” M suburbs. >> FNQ’S TOP PRIMARY SCHOOL REVEALED White Rock came in second place with a median price of $292,500 with both suburbs making the list of top 10 most affordable places in the Far North.However, White Rock property lost value, dropping 5.6 per cent over the past three months and 1.3 per cent in the past year. Babinda$220,0005.4%White Rock$292,500-5.6% WHERE TO BUY FAR NORTH QUEENSLAND’S TOP 10 BARGAIN SUBURBS 18 Alberta Dr Woree 11 Hopkins St White Rock 9 Weaver St Babinda The tiny rural locality, home to just 1253 people, is also a wise investment growing at 5.4 per cent over the past three months and 22.2 per cent in the past year. Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality LevelsAudio TrackFullscreenThis is a modal window. The Video Cloud video was not found. Error Code: VIDEO_CLOUD_ERR_VIDEO_NOT_FOUND Woree$306,5002.2% CAIRNS’ TOP 10 BARGAIN SUBURBS 41 Koch St Mooroobool Mooroobool$370,000-1.1% Manoora$320,0001.6%Gordonvale$324,5000.0%Edmonton$330,000-1.0%Manunda$341,0001.8%More from newsCairns home ticks popular internet search terms2 days agoTen auction results from ‘active’ weekend in Cairns2 days agoBentley Park$345,000-0.4%Westcourt$345,000-1.4% >> HOT OFFER: CAIRNS POST DIGITAL SUBSCRIPTION FOR $5 A MONTH “If I had to pick where would have the best capital growth in Cairns, it’d be the M suburbs,” he said.“They’re so central and so convenient and anyone who has an investment property has no problem renting them because they’re so close to shops and schools.“Mooroobool has got, I think, the most $1 million-plus properties in Cairns then on the other end it has the most affordable. I have no issues with the M-suburbs.”Further afield, East Innisfail topped the list of the wider Far North Queensland region’s bargain suburbs with a 12-month median price of $165,000. Innisfail Estate also cemented the town’s affordability, coming in at number eight with a median house value of $279,000.Tully was a standout, improving 71.2 per cent over the past three months to a median house price of $222,500 and posting a 30.9 per cent jump over the past year. 68 Moody St Manoora Session ID: 2020-09-28:f87e0f8a1a7b1cb150b25b2e Player Element ID: vjs_video_1192 OK Close Modal DialogBeginning 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 Rate1xFullscreen00:00IT is full of acreage blocks complete with babbling creeks, fresh air and great communities, but the south of Cairns is also home to the cities best property bargains.Data from CoreLogic to October 2018 has revealed Babinda, 45 minutes’ drive from Cairns CBD, offers the most affordable homes in the city with a 12-month median house price of just $220,000. >> MORE NEWS: THE FNQ SUBURB AUSSIES CAN’T GET ENOUGH OF (by 12-month median house price to October 2018 from CoreLogic; includes three month growth figures) (by 12-month median house price to October 2018 from CoreLogic; includes three month growth figures) East Innisfail $165,0000.0%Babinda$220,0005.4%Cardwell$220,000-4.3%Tully$222,50071.2%Herberton$227,5009.6%Ravenshoe$227,5005.8%Millstream$235,000-0.6%Innisfail Estate$279,000-16.1%White Rock$292,500-5.6%Atherton$296,000-0.5%last_img

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