It's a crowded house
If crowds at open homes are any indication, it appears that many people's New Year's resolution involves investing in property.
Real estate agent Karl Latham has broken a personal record after a house he listed in Mooroobool attracted a flurry of interest.
More than 50 groups inspected the three-bedroom house on Sunflower Drive last weekend, after a previous contract on the property had crashed.
“We brought it on the market before Christmas,” the Elite Cairns and Beaches agent said.
“It was a multiple offer situation and it went under contract from an open home.
“We had 23 groups at the first open home before Christmas and 53 groups which came through last weekend. I think that might be a record for the most I've ever had through a property.”
Mr Latham said the flow of potential buyers reflected confidence returning to the market.
“The numbers are definitely picking up,” he said.
“I just think it's a really appealing property. It's on such a big block and suits a family. It's nice and tidy and backs on to a reserve and a creek.
“It needs a bit of updating but people don't mind doing that if the property is right.”
The current owners, who are selling their home to retire in Mareeba, are now awaiting a contract with Mr Latham negotiating with three potential buyers at the time of print.
Ray White Trinity Beach sales agent Mark McGirr said he had noticed an increase of potential buyers at open home inspections.
“With more talk of interest rate cuts, I think people are thinking this might be the year to buy,” he said.
“It really boils down to the property. All in all I see it as a bit of confidence out there.”
Edmonton agent Katie Martin, with Professionals Cairns South, said 2013 had begun on a positive note.
“I had a few groups through (listed properties) on Saturday,” Ms Martin said.
“It's definitely better than last year. We have picked up an enormous amount of listings and there seems to be a lot more buyers around.”
According to Australian Bureau of Statistics data released on Wednesday, more than $1.12 billion was spent on the purchase of existing dwellings for rent or resale in November across the state.
Mr Latham said many of the groups inspecting the Mooroobool home were young families or people looking for their second home.
“If the numbers keep continuing like this, it could be a good 2013.”
Share this article
Busy time: Karl Latham had a record crowd at an open home.