Real Estate
6 November, 2025
Reality motivates buyers
CAIRNS’ property market continues to show strong momentum, with median house prices climbing by close to 10% over the past year – outperforming many other regional areas.
Rental vacancy rates remain critically low, sitting well below 1%, which has intensified pressure on both renters and buyers.
While activity is strong, it would be premature to suggest Cairns has entered the “fear of missing out” (FOMO) phase of the market.
Unlike past boom cycles driven by speculation, today’s demand in Cairns is largely necessity-based. Many purchasers are entering the market because they simply need a place to live, not because they fear being left behind.
The shortage of rental properties is forcing would-be tenants to consider home ownership as their only viable option.
Affordability also continues to play a key role. Compared with major capital cities, Cairns still offers relative value for money, appealing to local families and regional movers seeking lifestyle and stability.
In summary, while the Cairns market remains competitive, the driving forces are grounded in necessity and undersupply, not FOMO.
Buyers are motivated by practical needs, not panic – keeping the market active, but not overheated.
- Mat Foley is the owner/principal of Wolf Real Estate Agents
