Latest Port Douglas Real Estate market review
REAL ESTATE
PORT Douglas Realty’s Quarterly Market Wrap is fast becoming an ideal avenue for locals and potential residents to assess the real estate market.
And sales consultant Tim Smith says the report was created to educate people about the market, what properties are worth and to enable buyers and sellers to keep their finger on the pulse.
In the August update, the median unit price is $216,000; the median house price $580,000; a three-bedroom, one bathroom house $410,000 and the highest price of a house for this period went for $1.8million.
“The data we have is showing encouraging signs and the market is improving. There are many options available at the moment and we are also starting to see new development. This will be further enhanced when the re-development of the Marina begins,” said Smith.
With more than 20 years’ experience in luxury holiday accommodation and Port Douglas Real Estate sales, the team at Port Douglas Realty can assist anyone who may be considering investing in Port Douglas real estate.
Each year an increasing number of guests and visitors look to buy property in Port Douglas during their stay and Port Douglas Getaways (holiday letting division) is well placed to assist clients with every aspect of real estate including buying, selling, information on holiday rental returns and the local Port Douglas property market.
The staff at Port Douglas Realty have lived and played in the local area for over twenty years and can provide comprehensive advice on how to choose the best investment property in this spectacular part of Australia.
If you would like to know more about local market conditions please call Tim Smith: 0412 673 978
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