Far Northern properties outperform southern neighbours

first_imgMedian house prices are up in Cairns compared to Townsville. PICTURE: STEWART MCLEANFAR Northern homeowners will have more to smile about compared with their southern neighbours after the September CoreLogic report showed figures in favour of the Cairns region. The data shows the median house price at $370,000 for the Far North – significantly higher than $290,000 for Northern Queensland.Both regions suffered a loss in property value over the past 12 months with the Far North recording a -1.3 per cent drop in median house prices. The Northern region was slightly worse off, with median house prices dropping by -1.9 per cent. Cairns also was better off for homeowners offloading their properties in the past year. More from newsCairns home ticks popular internet search terms2 days agoTen auction results from ‘active’ weekend in Cairns2 days agoHouses for sale in Cairns were on the market for an average of 52 days and sold for $415,000. In Townsville, they remained on the market for an average of 60 days and sold for about $325,000. Find your new home in tomorrow’s real estate lift-out.last_img

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