Focus on Cassowary Coast house prices

In his December Cairns Watch (available here) Herron Todd White’s Rick Carr has a special focus on house sales and prices in the Cassowary Coast.

Rick notes that “sales in the Cassowary Coast area have been experiencing slow market conditions over recent years, and have reduced further during 2015 reflecting the slow state of demand. The slowdown has been particularly noticeable in Mission Beach, where the median house price has reduced by around 37% from the peak of the market in early 2008″. However he suggests that Mission Beach may have “found the bottom of the market and to be stabilising”. He also notes that “the Innisfail market continues to suffer from the lack of real economic impetus in the town, while Cardwell is drifting along with little movement in underlying market values.”

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