Beachfront views, elevated areas major picks for luxury home buyers in Cairns
CAIRNS’ inner-city suburbs and the northern beaches are the two major hot spots for the region’s big-budget luxury homes.
It’s all about the views and elevated areas or beachfront locations tend to be the pick of these homeowners.
According to REIQ Cairns zone chairman Tom Quaid, most Cairns luxury homes were purpose-built for families and tended to be larger.
“This is really looking at people with a budget of $1 million and above,” Mr Quaid said.
“So areas, if you’re looking for a city view, are City View in Mooroobool, Whitfield, Edge Hill and The Peak in Brinsmead, which are elevated areas of Cairns, with nicer estates and larger, more modern homes with views that are really paramount.
“You’re also looking at things like the northern beaches, so you’re on the beachfront itself or, again, you’re in those elevated positions with water views.”
While luxury homes in the northern beaches were well serviced with multiple shopping centres, restaurants, takeaway options, schools and medical clinics, the big-budget homes and their amenities varied in Cairns’ inner suburbs.
“City View has been a very popular (choice) for having a good quality of home; so as much as it’s an ‘M’ suburb, (Manunda, Manoora and Mooroobool), it’s a good quality of home, good elevation and there’s great views there.
“The only thing that area lacks there is your facilities immediately around it.
“You don’t have the school straight nearby, it’s not like Edge Hill where you can pop down and you’ve got somewhere for your coffee.
“You’ve got to ‘step out’ to do something.
“That’s where Edge Hill and Whitfield are quite popular, that you do have a very high quality of home but you’ve got that community around you.
“You’ve got your local butcher, you’ve got your coffee shops, you’ve got somewhere to go for a drink on a Friday afternoon and be able to walk home.
“You’ve also got your medical professionals reasonably close by.”
He said the top-end homes were constructed to specific needs and they often remained on the market for extended periods of time.
Due to most high-end, luxury properties being constructed specifically for families, Mr Quaid said couples with no kids or kids who had moved out were struggling to find suitable-sized, big-budget homes.
“So they’ll tend to go into something like a penthouse apartment or a waterfront, which might be a smaller home,” he said.
“Because a lot of the time on a waterfront property you’ve got more limited block size so you’ll have a little bit smaller house there.”