Growth spurt for agents
With buyer confidence increasing and house sales in Cairns jumping 25 per cent, industry faith in the property market has also received a boost.
Looking to expand their market share and bring more business to the table, Ray White Cairns Beaches and Powe Property on Sheridan St have expanded.
Principal Matt Powe said it was perfect timing to double the floor space of their Aplin St office last year.
‘‘In terms of our sales area, we have tripled that,’’ he said.
‘‘Our business has grown over time and we were a bit squashed. Now we have all this extra space.’’
Mr Powe said the agency saw record increases in sales last year which allowed for Powe Property to take over an extra lease.
‘‘Our figures have gone up to 30 to 35 properties selling a month now, where previously it was about 50 per cent of that.
‘‘Likewise, we are expanding our rental business too.’’
Owners of Ray White Cairns Beaches, Paul and Alanna Stirling, also predicted a rise in the real estate market and went into business with new Ray White Smithfield principal Joseph Indorato.
‘‘We moved into the new premises in July last year, so we branched out from TrinityBeach,’’ Mr Indorato said.
‘‘Smithfield is a great growth corridor in terms of the new development built over the road.’’
With two full-time sales staff, one full-time property manager and a receptionist, Mr Indorato said client services are being offered between the two Ray White offices.
‘‘Clients can go in for property management services in both offices and (staff) have access to both lots of data.
‘‘We wanted to increase our market share in the Smithfield area, Kamerunga, Caravonica, Redlynch and Kuranda.’’
According to the latest Real Estate Institute of Queensland figures, sales in Smithfield grew 2.7 per cent in the past quarter with the median house price now sitting at $375,000.
Bentley Park and Atherton recorded the best price increase at 21.9 and 21.2 per cent respectively.
Trinity Park followed at 18.2 per cent with a median house price of $408,000 and Mooroobool by 17 per cent at $407,000.
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Expanding: Powe Property owner Matt Powe is among several local real estate agents whose businesses are growing.