Cairns house hunters, take note! The quest for affordable housing in the Far North Queensland city may have just become a little easier, with a new report revealing the region’s cheapest properties currently on the market. What’s particularly interesting is that these entry-level houses are now sitting at a price point comparable to the median house price seen back in 2020.

This revelation offers a glimpse into the evolving Cairns real estate landscape. While property values in many parts of Australia have soared in recent years, this data suggests a more accessible entry point for first-time buyers, investors, or those simply seeking a more budget-friendly option.

The report, initially highlighted on realestate.com.au, doesn’t specify exact locations or individual property prices. However, the key takeaway is that a segment of the Cairns market is offering houses at a price level similar to what was considered the city's median value just four years ago. This is a significant piece of information for anyone priced out of the market during the recent boom.

Several factors could be contributing to this situation. It's possible that these more affordable houses are located in outer suburbs or require some renovation work. Fluctuations in interest rates, changes in buyer demand, and an increase in the supply of new housing could also be playing a role in stabilising, or even slightly reducing, prices at the lower end of the market.

While it's important to remember that the real estate market is dynamic and can change quickly, this news provides a potentially positive outlook for those looking to enter the Cairns property market without breaking the bank. Aspiring homeowners are encouraged to consult with local real estate agents and conduct thorough research to identify properties that meet their needs and budget. The dream of owning a home in Cairns might be more attainable than previously thought.