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When the buying frenzy took over the Cairns property market during COVID in 2020 and 2021. It was the Cairns Northern Beaches that stole the limelight.

Palmcove, Clifton Beach, Kewarra Beach and Trinity Beach were the suburbs on the hit list of almost every interstate buyer and still remains in strong demand for its lifestyle drivers and affordability when compared to Southern Markets.

Palmcove and Clifton Beach now have a median house price very close to 1 million dollars sitting at $940,000 and $810,000 respectively. Its bridesmaids suburbs Kewarra Beach and Trinity Beach are also showing signs that they by the end of the decade can hit that milestone also sitting at $640,000 and $670,000.

But there is one small Cairns suburb that doesn’t have a beach in sight that just might win the race to a 1 million dollar median well before Trinity Beach and Kewarra Beach.

Edge Hill is located on the inner fringe of a cairns situated approximately 10 minutes from the Cairns CBD and it’s been one of Cairns best quiet achievers. With a median house price currently sitting at $755,000 it has soared 33.5% in the last 3 years going toe to toe with Palm Cove recording the second highest change in median house price.

Image: NOA Restaurant & Bar, Collins Avenue Edge Hill

The Tropical Life team believe Edge Hill’s growth can be largely attributed to its trendy Collins Avenue making it a destination area that has all the amenities such as cafes, restaurants, boutique shopping and essential services.

Property buyers want to be close to these inner city lifestyle drivers and are opting to buy older established homes around Edge Hill and renovating driving gentrification and lifting the stock quality throughout the suburb.

Image: Renovated Queenslander, Edge Hill

Edge Hill is one of Cairn’s smallest suburbs and unfortunately for property buyers has no new land supply so buyers will have to pay a premium for land here and this is what the team at Tropical Life believe will push the suburb into the million dollar price bracket quicker than Kewarra Beach and Trinity Beach due to its size, lack of supply land supply and transaction volumes which will always put the suburb is a situation were demand is higher than supply.

Buyers Agent Cairns | Buyers Agent Port Douglas

Troyson Bassani

Owner and Head of Research

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