Cairns real estate: The Palms, Pinecrest buyers rush for subdivision lots
- By Peter Gordon
- •
- 07 Mar, 2022
A property sales surge has beaten all expectations with buyers racing to put down deposits for the city’s newest northern subdivision.
The Palms estate is still just a lines on a map where the Paradise Palms golf course used to sit in Kewarra Beach – but the appetite for a slice of the action has been voracious.
Developer Darren Halpin said he had been forced to release three stages of the Enclave on Friday instead of just Stage 1.
“We had to release Stages 1 through to 3,” he said.
“We took deposits on 31 blocks in the space of 24 hours.
“It’s unheard of.”
Property Shop sales and marketing director Ben Johnston said he had been fielding calls non-stop.
“We’ve got three people trying to get one block on some of them,” he said.
“This is commonplace in some of the southern cities, and I hear that Cairns was like this in the ’80s.
“But I’ve never seen anything like it.”Mr Johnston is also overseeing sales for the burgeoning Pinecrest estate in Mount Peter on the city’s south.
He said the biggest thing holding back sales was a backlog of Cairns Regional Council development assessments.
“We’ve got 48 lots that have been sitting there, sold out,” he said.
“We have a big waiting list for Stage 2 there as well.
“I suspect the same thing is going to happen for Rocky Creek Stage 2 (as The Palms) when we release it.
“I’m hoping that by April we will be launching the next 40-odd lots at Rocky Creek.”
It was a similar story at Smithfield Village where the developer was looking to fast-track another small stage at the end of the month.
“That will gone as well,” Mr Johnston said.
“All things going well with what I’ve got on the go now, I should sell 200 lots between now and the end of the financial year.”
Article courtesy The Cairns Post 7/3/22Be one of the lucky ones to secure your land today - These will sell fast!
Cairns Northern Beaches are one of the hottest markets in Australia
560 registered buyers of interest and only 87 lots
Stage 2 has just been released
| Quiet simply, the Palms is the place to buy! |
Sydneysiders and Melburnians, put aside your equally outstanding flat whites for a moment. Stop bickering about whether great beaches beat cool laneways (they do) and desist from debating whether all baristas require waxed moustaches (ideally).
Because Brisbane is closing in on the title of Australia’s best city, and we must join forces to keep this subtropical upstart in its place.
Time magazine recently named Brisvegas on its “World’s Greatest Places” list, and omitted our cities. It’s a huge shock (and who knew they still published Time magazine?). But they might be onto something.
Time points to the 2032 Olympic and Paralympic Games, which will be hosted in the maroon metropolis. Brisbane will do a fine job, even though it’ll baffle the world when rugby league is added to the schedule and Queensland is allowed to field its own team.
Time’s most radical claim is that Brisbane is worth visiting now, but tourism is surging. Not only did Lin-Manuel Miranda recently drop in to catch Hamilton , but hundreds of Hamilfans flew up to watch his interview with Leigh Sales (presumably unaware that it would subsequently arrive on iView for free).
A leading local agent has appraised each side of these duplex's to be worth $665k on completion and rent for $495 per week. So that is massive potentail instant equity of up to $390K on completion, which is incredibly hard to find.