HTW Property Snapshot
Whilst the Cairns property market remains soft, the median house price has now stabilised.
In February 2012, the Cairns median house price trend came in at $343,000, which is
down only 0.6% on the $345,000 median house price recorded in July 2011.
Meanwhile the median established unit price trend came in at $174,000, a reduction of
7.3% since July 2011.
N.B. The median property price is the sale price of the middle-priced property from the list of properties sold each
month. Movements in median prices do not necessarily equate to movements in individual property values