Sherpa Property Group has unveiled the third instalment of its Flourish series, securing full approval for the two-tower, $500 million Flourish Soleira development in Palm Beach.

<a href="https://www.apartments.com.au/new-apartments/flourish-soleira-1150-1154-gold-coast-highway-palm-beach-qld-4221">Flourish Soleira</a> will rise from a prominent site in the commercial heart of Palm Beach, the long-time home of Cash Converters and a range of local retailers.

The project will introduce a new retail and dining precinct at ground level, beneath 286 apartments.

[smartcode_project:default project_id=150017 project_image_fid=370959]

“We’re very committed to not only providing affordable residential offerings that are much needed in Palm Beach, but also delivering a vibrant new commercial heart that complements the extraordinary growth of the southern Gold Coast,” Sherpa Property Group founder Christie Leet said.

The development will sit under Sherpa's Flourish brand, which is aimed at providing a pathway into the beachside suburb for locals, first-home buyers and downsizers. In a move designed to assist first-home buyers entering the market, Sherpa has reserved all one and two-bedroom, one-bathroom apartments exclusively for eligible first-home buyers.

[smartcode_project:default project_id=150017 project_image_fid=370964]

“Our vision through Flourish is to create a vibrant retail and lifestyle focal point within the Palm Beach centre zone, delivering thriving communities underpinned by lifestyle-rich locations,” Leet said.

“So far, Flourish has been an incredible success, and we hope to carry this momentum as we progress the next two Flourish projects in Palm Beach.”

[smartcode_project:default project_id=150017 project_image_fid=371430]

Located across 1150-1164 Gold Coast Highway and 3 Sixth Avenue, the development will comprise two towers. The northern tower will deliver 154 apartments, while the southern tower will add a further 132 residences, helping address ongoing demand for new apartments in the tightly held coastal suburb.

Flourish Soleira will also feature the most extensive rooftop amenity offering ever delivered in Palm Beach.

The two towers will be connected by a skybridge, with residents gaining access to a rooftop recreation deck featuring a full-width swimming pool, hot and cold plunge pools, wellness spaces, a gymnasium, private dining facilities, massage treatment rooms, barbecue areas, a basketball court, golf simulator, indoor and outdoor dining spaces, sun lounges and extensive landscaping.

LPS Group is expected to start construction later this year.

Sherpa is already well advanced on construction of its debut Flourish project, Flourish Amargo, located just around the corner from Soleira. Meanwhile, Flourish Oasis, positioned opposite Amargo, recently commenced construction and has nearly sold out its collection of 47 apartments.

[smartcode_project_cta:default project_id=150017]

Joel Robinson

Sherpa unveils $500m mixed-use Palm Beach precinct, Flourish Soleira

Are mortgage holders set to get a reprieve from the RBA in 2026?

Big Four bank NAB believes so. They are now expecting the next move from the RBA to be a cut, rather than a hike, which they had pencilled in for August. They are unsure of the timing of the cut however, they note in their latest&nbsp;NAB Economics RBA Watch.

NAB Chief Economist, Dr Sally Auld, said recent data suggests the economy has lost momentum and the outlook for rates has shifted, noting that the broader economic backdrop has changed since earlier in the year.

“The next move in the cash rate is likely to be down, but the timing is uncertain," Dr Auld said.

"In February, growth was above trend, the economy was operating above capacity and there was uncertainty over the restrictiveness of rates. None of these conditions exist today,” she outlined.

Dr Auld said recent data pointed to softer momentum across the economy while acknowledging that at the same time, uncertainty remains a key feature of the outlook.

“Both Q1 GDP data and the NAB business survey suggest momentum in the economy has slowed, meaning that growth has likely peaked for the cycle. That said, we are cognisant there is still considerable uncertainty around the outlook, both with respect to activity and inflation.”

Dr Auld said inflation risks and labour market outcomes would be important to watch.

“On the prices side, we are still forecasting above target core inflation through to mid-2027. Margins will compress and weaker labour market outcomes are a risk.”

She said tighter financial conditions are expected to weigh on housing and activity.

“Tighter financial conditions will be reflected in a slowing in house price growth and housing credit growth. In summary, we have greater conviction that the next move in rates is down, but less conviction on the timing.”

Mortgage relief? NAB forecasts RBA rate cut, not hike, after softer economic conditions

A local downsizer has splashed $6.5 million on a penthouse in Perifa's Alex &amp; Willow development in Crows Nest. 
&nbsp; 
The purchaser sold their long-held family home in the area before embarking on a six-month search for the right apartment. After inspecting a range of options across the Lower North Shore, the buyer returned to <a href="https://www.apartments.com.au/new-apartments/alex-willow-crows-nest-82-90-alexander-street-crows-nest-nsw-2065">Alex &amp; Willow</a>. 
&nbsp; 
The buyer profile reflects the project’s broader purchaser mix. <a>Alex &amp; Willow</a> has attracted predominantly local downsizers looking to transition from larger homes without compromising on space or quality, alongside a smaller cohort of upsizers and investors drawn to the project’s location and design credentials. 
&nbsp; 
The milestone sale comes as the project, developed by&nbsp;<a href="https://www.apartments.com.au/developers/perifa">Perifa</a>&nbsp;and delivered by <a href="https://www.apartments.com.au/builders/versatile-made-construction">Versatile Construction</a>, both part of Versatile Group, reaches 60 per cent sold.

[smartcode_project:default project_id=6680 project_image_fid=371325] 
&nbsp; 
Eddie Mansour, Managing Partner of <a href="https://www.apartments.com.au/project-marketer/ray-white-projects">Ray White Projects</a>, said the result demonstrates not only a headline price but also depth of demand. 
&nbsp; 
“This is an exceptional outcome and a clear reflection of sustained buyer demand for premium, well-located downsizer product,” Mansour said.

“We’re seeing a consistent pattern of local homeowners selling family residences and reinvesting into high-quality apartments that allow them to remain within their community. Alex &amp; Willow has resonated strongly with this group because it offers genuine scale, thoughtful design and immediate proximity to the village.” 
&nbsp; 
The sale reflects a broader and consistent trend of local downsizers actively seeking high-quality, low-maintenance residences close to established village centres. Agents report that demand for this product type has remained resilient, particularly where developments offer a rare combination of scale, design quality and walkable amenity. 
&nbsp;&nbsp; 
Fabrizio Perilli, Managing Director of Perifa and Versatile Group, said the sale marks a defining moment for the project. 
&nbsp; 
“The penthouse sale is a strong endorsement of the quality we have delivered, alongside our partners, and the clear demand from local downsizers for premium, boutique residences in this location,” Perilli said.&nbsp; 
&nbsp; 
“Most importantly, we’re proud to see the Alex &amp; Willow community beginning to take shape. As we move closer to completion, we’re looking forward to welcoming residents and seeing the project come to life.”&nbsp;

[smartcode_project:default project_id=6680 project_image_fid=338516] 
&nbsp; 
Designed by <a href="https://www.apartments.com.au/architects/nettletontribe">Nettleton Tribe</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/richards-stanisich">Richards Stanisich</a>, Alex &amp; Willow is a boutique collection of generously sized two- and three-bedroom residences in the heart of Crows Nest village.&nbsp;

Completion is slated for early 2027.

[smartcode_project_cta:default project_id=6680]

Alex & Willow, Crows Nest penthouse sells off the plan for $6.5 million

Fresh from launching the first stage of its Wollongong precinct, <a href="https://www.apartments.com.au/new-apartments/keira-place-wollongong-120-122-smith-street-wollongong-nsw-2500">Keira Place</a>, builder-developer Urban Property Group has unveiled plans for the next phase of the masterplanned community.

Now on public exhibition through the NSW Government's Housing Delivery Authority pathway is a State Significant Development Application for a further 657 homes on the prominent gateway site opposite Beaton Park.

The proposal comprises three buildings, including two build-to-sell towers rising 25 and 30 storeys, delivering 391 apartments, alongside a 12-storey co-living building with 266 residences, making it one of the largest co-living proposals currently planned in regional New South Wales.

Of the apartments proposed in the build-to-sell towers, the majority, 310, are two-bedroom dwellings. The balance comprises 44 one-bedroom apartments and 37 three-bedroom residences. Apartment sizes range from around 50 sqm for one-bedroom homes to approximately 90 sqm for three-bedroom apartments.

<img alt="Smith St" data-entity-type="file" data-entity-uuid="19347059-1612-41a0-9c74-b86a657237f8" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-10%20at%2010.02.18%E2%80%AFAM.png?VersionId=sWXnaCcA.cIC6N8YT1dg5pJ2e1V3Z6z7" />

The submission says the proposal has evolved significantly from its original Housing Delivery Authority application following extensive consultation with the State Design Review Panel and Wollongong City Council.

The final scheme has been designed to align with the emerging vision for the Flinders Street Precinct, an area identified by Council as a future high-density mixed-use neighbourhood capable of accommodating substantial housing growth close to transport, employment and community infrastructure.

According to the design report prepared by COX Architecture, the development aims to "deliver a built outcome consistent with the future character of the Wollongong CBD while responding to the site's unique constraints and opportunities."

"Our vision for the next phase of the site evolution in Wollongong is grounded in three design pillars that guide the design response: place, natural environment and celebration," COX said.

"Inspired by its surroundings and grounded in the stories of place on Wodi Wodi Country, the design proposal acknowledges the established character of its setting while creating a unique and timeless identity that sits harmoniously within it.

"The design proposal responds to its specific site conditions, acknowledging the vegetation, climate, wind conditions and solar access of the site."

The architecture responds directly to the site's position between Wollongong's urban core and its natural landscape setting.

COX identified views towards Mount Keira and the Illawarra Escarpment as defining features of the site, while the upper levels of the towers will also capture expansive views across the city and out to the Pacific Ocean.

The design team has positioned the tallest buildings closer to the rail corridor, where overshadowing impacts can be better managed while establishing a landmark built form on the northern approach into the city.

<img alt="Smith St" data-entity-type="file" data-entity-uuid="79580d5b-500c-4ebf-9629-797146a4a694" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-10%20at%209.51.59%E2%80%AFAM.png?VersionId=WbTB1EKSG.KDfsfz0F3wp1QVa2oCMGR5" />

Urban Property Group secured the 11,000 sqm Smith Street site in 2022 and has since progressed plans for the broader Keira Place precinct.

Construction recently commenced on the first stage of Keira Place, which will deliver 150 apartments across two residential buildings, including 27 affordable housing apartments and 18 specialist disability accommodation dwellings, alongside activated ground-floor retail and commercial space.

Urban Co-CEO Patrick Elias said the commencement of construction marked a significant milestone for Wollongong and reflected the developer's long-term commitment to regional cities.

"Today's groundbreaking is about turning approvals into homes and moving quickly to deliver much-needed housing in Wollongong's city centre," Elias said.

"Keira Place will provide a diverse mix of homes close to jobs, transport and services, while setting a high benchmark for quality, durability and consumer protection."

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/groundbreaking-marks-start-of-construction-at-keira-place-in-wollongong-cbd">Groundbreaking marks start of construction at Keira Place in Wollongong CBD</a>

&nbsp;

&nbsp;

&nbsp;

Urban Property Group unveils trio of towers for next stage of new Wollongong precinct, Keira Place

Central Element is seeking approval for a significant residential redevelopment in Lavender Bay, lodging plans for a dual-tower apartment project that would deliver 163 new homes on a prominent site at the northern gateway to Milsons Point.

The Sydney-based builder-developer has lodged a concurrent rezoning proposal and State Significant Development Application for <a href="https://www.apartments.com.au/new-apartments/64-66-lavender-street-lavender-bay-nsw-2060">64-66 Lavender Street and 3-7 Middlemiss Street</a>, a 2,305 sqm amalgamated site currently occupied by a collection of ageing residential flat buildings.

Designed by SJB, the proposal would replace the existing 32 apartments with two residential towers rising 23 and 32 storeys, comprising 163 apartments including affordable housing managed by a community housing provider. The project forms part of the NSW Government's Housing Delivery Authority program and has been progressing through a fast-tracked state planning pathway since being endorsed for further assessment in 2025.

The proposal is one of the most significant redevelopment opportunities currently under consideration on Sydney's lower north shore, sitting between the high-density towers of Milsons Point and the lower-scale heritage fabric of Lavender Bay.

<img alt="Lavender Bay" data-entity-type="file" data-entity-uuid="93ecf0ee-487d-4292-afc4-0bc9579475d6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-10%20at%209.30.48%E2%80%AFAM.png?VersionId=PunU2ipMaTxiJcJ8NdMyUlWA7d98eNUb" />

The planning proposal seeks a substantial uplift from the current 12 metre height limit, which would only allow for a four-storey building, however the submission argues a scheme within these limits would not be&nbsp;economically feasible given the complexity of site amalgamation and would fail to maximise housing delivery on land located within walking distance of major transport infrastructure.

SJB said the design evolved significantly following discussions with the Department of Planning, Housing and Infrastructure and independent design review processes.&nbsp;Rather than pursuing a single larger tower, the architects adopted a two-tower approach aimed at reducing perceived bulk, preserving view corridors and creating greater permeability at ground level.

The northern tower would rise 23 storeys and contain 81 apartments, while the southern tower would reach 32 storeys and accommodate 82 apartments. Five basement levels would provide 174 car spaces, 181 bicycle spaces and 10 motorcycle spaces.

"The proposal for 3–7 Middlemiss Street and 64–66 Lavender Street is driven by a clear ambition to complete the Middlemiss Peninsula, delivering the final piece of a carefully evolving urban precinct," SJB noted in its design report.

"Positioned at the threshold between Lavender Bay and the North Sydney CBD, the development is envisioned as a unifying element—one that completes the skyline composition while providing a considered and harmonious transition between the peninsula’s established character and the intensity of the CBD beyond.

"Collectively, the development aspires to create a landmark that is generous, inclusive, and deeply connected to its setting, one that enhances the skyline, strengthens the public realm, and contributes to a more equitable and sustainable urban future."

Communal spaces would be distributed across multiple levels, including landscaped podium gardens, swimming pool facilities, barbecue areas and rooftop-style retreat spaces designed for residents. The proposal delivers more than 1,500 sqm of communal open space and nearly 400 sqm of indoor communal facilities.

<img alt="Central Element" data-entity-type="file" data-entity-uuid="0671c276-6dd8-4cfc-97b0-134a45d2c8cf" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-10%20at%209.30.17%E2%80%AFAM.png?VersionId=90D7lRaCTMTsFx92tIBrHlZcuaV_a4cw" />

A major focus of the planning assessment has been the project's relationship with surrounding public open spaces.

Clark Park, Bradfield Park and Wendy Whiteley's Secret Garden are among the lower north shore's most valued public landscapes, and overshadowing impacts have been closely examined through the design process. Central Element is proposing to also create a new public plaza and pocket park as part of the development.

Central Element has been developing across Sydney since 2010.

They have recently completed their Chatswood tower, Ethos Chatswood, as well as their luxury redevelopment of Coogee's landmark Ballamac House. They are currently selling Pearl Bondi, just seven high-end homes, while future plans include a tower on Hyde Park, and a boutique project in Neutral Bay.

First look: Central Element reveals Lavender Bay apartment plans

Cairns

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A two bedroom one bathroom unit in Cairns North, Qld has been listed by its mortgagee.
Situated at <a href="https://www.realestate.com.au/property-unit-qld-cairns+north-129907894" target="_blank">2/323 McLeod Street, Cairns North</a> the home is set for auction December 12.
Set on 86 sqm the property contains one parking space.
According to the listing the home has an estimated rental income of $300 - $330 per week.
Located inside of a gated complex the apartment features an in-ground pool.
The home last sold in 2004 for $169,000.
The median sale price for a home in <a href="/developments/cairns-north-qld-4870">Cairns North</a> is $435,000 , according to CoreLogic data.
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j.ballantyne1990-6AQqhLzZaK

Two bedroom Cairns North, Qld home listed by mortgagee.

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The Cairns office market is relatively shallow and experiences limited sales activity and has had limited new development, according to the latest Herron Todd White (HTW) commercial report. 
The last large office building constructed in Cairns was the State Government office tower completed in 2010. There are no known new developments in the pipeline.
Commercial property sales in Cairns, inclusive of retail and commercial office premises, remain well below the peak levels achieved in the 2005 to 2007 period.
Prices paid for secondary strata titled premises have been relatively stable since 2010 at around $2,500 to $3,000 per square metre of floor area.
Most new office space leasing demand is for smaller areas and for modern, good quality green star rated premises, however there is only a handful of such buildings in Cairns.
These buildings achieve high levels of occupancy and are experiencing stable rent levels typically of $350 to $400 per square metre per annum.
Demand for lesser quality space remains limited and there is a large oversupply of good quality non-inner CBD and well exposed secondary space in the $200 to $275 per square metre per annum rental range. These conditions have placed downward pressure on secondary rents and seen the emergence of incentives.
Overall the Cairns office market has experienced little change thus far during 2018 and is expected to see little change for the remainder of the year.
A current listing is a Cairns City commercial office priced at $150,000 (pictured below).
It has been listed by Chris Gay Real Estate. 
<a href="https://www.realcommercial.com.au/property-offices-qld-cairns+city-502846810" target="_blank">Located at 23/25-31 Grafton Street</a>, the 50 square metre office is currrently tenanted with a return of $12,785 per annum.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/8/8/cairns%20city.jpg" alt="">
Another offers around $900,000 is Cairns City building with long term tenants in place (pictured below).
<a href="https://www.realcommercial.com.au/property-offices-qld-cairns+city-502783394" target="_blank">Situated at 22 Minnie Street</a>, it is two blocks from the Cairns Central Shopping Centre.
It features 410 square metre land area, 359 square metre floor area and four off-street parking spaces. 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/8/8/cairns%20city%202.jpg" alt="">
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Cairns office market experiences limited sales activity: HTW

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The registration of Justin James Cadman as a registered liquidator was cancelled on 13 June 2018 following orders made in the Federal Circuit Court of Australia, which resulted in Mr Cadman being declared bankrupt.
On 19 June 2018, ASIC appointed replacement liquidators to the fifteen (15) vacant external administrations previously administered by Mr Cadman.
ASIC Commissioner John Price said, ‘ASIC has moved quickly to exercise the new powers under the insolvency regime to appoint a replacement liquidator and appreciates the assistance of the replacement liquidators Ms Moira Carter of BRI Ferrier NQ and Mr Todd Kelly of BDO (Nth QLD).’
Below is a list of the external administrations and replacement liquidator’s contact details should creditors have any concerns.
Ms Moira Carter of BRI Ferrier NQ Phone (07) 4037 7000
<ul>
<li>Australian Vocational Learning Institute Pty Ltd ACN 097 453 828</li>
<li>Cairns Accident Repair Centre Pty Ltd ACN 077 729 367</li>
<li>Medisurg Pty Ltd ACN 113 077 982</li>
<li>MOJB Pty Ltd ACN 128 137 806</li>
<li>Phone Hospital Pty Limited ACN 112 320 386</li>
<li>Sinopoli Holdings Pty Limited ACN 107 341 499</li>
</ul>
Zanzoo Tiles Pty Ltd ACN 142 521 695
Mr Todd Kelly of BDO (Nth QLD) Phone (02) 4046 0000
<ul>
<li>Aborigines and Islanders Alcohol Relief Service Ltd ACN 010 064 374</li>
<li>Margach Builders Pty Ltd ACN 078 363 729</li>
<li>Barrier Leasing Pty Ltd ACN 104 014 002</li>
<li>Barrier Air Charter Pty Ltd ACN 108 788 147</li>
<li>Barrier Air Services Pty Ltd ACN 104 014 011</li>
<li>Barrier Aviation Pty Ltd ACN 056 643 531</li>
<li>Davryl Holdings Pty Ltd ACN 108 502 165</li>
<li>Lip-Air Pty Limited ACN 068 117 537</li>
</ul>
Background
Cairns-based Mr Cadman operated an insolvency and accounting practice firstly through a company called Mclaren Knight Pty Ltd (in liquidation), then later through another company called Mclaren Knight International Pty Ltd.
Mr Cadman had been a registered liquidator since August 2005.
Under section 40-20(1) of Schedule 2 (Schedule 2) of the Corporations Act 2001, a liquidator’s registration as a registered liquidator is automatically cancelled if a person becomes an insolvent under administration. Under section 40-111 of Schedule 2, ASIC may appoint another liquidator if a liquidator’s registration is suspended or cancelled. These new laws came into effect on 1 March 2017.
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Cairns liquidator Justin Cadman loses registration

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The Cairns residential property market holds steady but is subject to sudden change, according to the June report from the valuation firm Herron Todd White.
2018, according to Herron Todd White, has been a "stodgy" time for the Cairns residential property market.
Residential property demand remains constant, but prices have remained flat and the market has remained stuck in a steady state position, and the latest trended median price readings in Cairns for sales during April 2018 stood at $405,000 for houses and $209,000 for units, the valuation firm noted.
"Although these represent price changes during the past twelve months of -2.4% for houses and -5.5% for units."
An assessment by HTW valuers found that "individual property value movements over the past 12 months have been varied by no more than plus or minus 5%."
The upshot is that even though solid fundamentals are in place with low rental vacancy rates, no obvious oversupply in any market sector and continued economic improvement, the Cairns property market is still being hampered by a lack of confidence and a constrained fiscal environment.
"We have been expecting demand for most residential property to revitalise during 2018 as a result of ongoing economic improvement", the report suggested.
The report forecasts a slow but steady increase in sales volume which will flow through to modestly rising prices although so far it hasn’t happened.
What’s more they boldly predict, is that if it doesn’t happen in 2018, it never will.
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Flat prices remain in Cairns residential property market

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Set at Edmonton, Cairns, a three bedroom house has been sold by mortgagees for $330,000.
It was sold by Therese Plath from Ray White.
It last sold at $350,000 in 2014.
<a href="https://www.realestate.com.au/sold/property-house-qld-edmonton-127134422" target="_blank">The 17 Maren Street </a>house comes with three bedrooms and large open plan tiled living, dining and lounge areas.
Other features in this home include security screens throughout, garden shed, external covered laundry and double carport.
It is only five minutes away from shopping and schools, and 15 minutes away to Cairns City.
According to CoreLogic, the suburb's median house price sits on $350,000.
 
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Edmonton, Cairns three bedroom home sold by mortgagee

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A three bedroom Edmonton house has been sold for $330,000 by mortgagees. 
The <a href="https://www.realestate.com.au/sold/property-house-qld-edmonton-127134422" target="_blank">south Cairns</a> home in Queensland was sold by Therese Plath from Ray White.
It had sold at $350,000 in 2014.
Located at 17 Maren Street, it came with three bedrooms, two bathrooms and swimming pool.
Other features in this home include security screens throughout, garden shed, external covered laundry and double carport.
According to CoreLogic, the suburb's median house price is $350,000.
 
 
 
 
 
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Loss taking Edmonton, South Cairns home sold by mortgagee 

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A three bedroom home in bushland at Kewarra Beach, Queensland with ocean views has been listed for sale with over $2 million hopes.
Marketed as achieving the balance of functionality and aesthetics, the contemporary pavilion style home blends into the landscape of its natural setting. 
Set in an elevated cul-de-sac at<a href="https://www.realestate.com.au/property-house-qld-kewarra+beach-126008822" target="_blank"> 13-15 Waterview Close</a>, the house comes with multiple indoor and outdoor living spaces.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/2/12/kerrara.jpg" alt="">
There is a timber deck with wet-edge pool.
The listing agents are Nicholas Slatyer and Renae Young from Belle Property. 
It had last sold for $565,000 in 2008.
The suburb's median house price sits on $456,500 according to CoreLogic. 
 
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Kewarra Beach three bedroom house

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A family home in Edmonton near Cairns has been listed for sale by the mortgagee in possession.
The <a href="https://www.realestate.com.au/property-house-qld-edmonton-127134422" target="_blank">1995 built home</a> on 940 sqm last traded for $350,000 in 2014.
It has three bedrooms, two bathrooms and a swimming pool.
Ray white Cairns South agent Therese Plath is marketing the home for a January 20 auction.
 
 
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jrobinson-rf4aSBido9

Mortgagee lists Cairns home for sale

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The traditional housing style in Cairns has always been the Queenslander dwelling built on a quarter acre (1,000 square metre) block.
These were typically high set for the extra ventilation and were essentially timber dwellings.
All that started to change around the 1970s with a move to slab-on-ground masonry block construction, the valuation firm, Herron Todd White noted.
"Though driven by lower cost construction, these dwellings also had the advantage of improved cyclone resistance, however at the expense of reduced ventilation.
"Despite the hot tropical climate, air conditioning was a complete rarity in the mainstream Cairns market right through to the 1990s, but now, integrated air con is an essential component of all newly constructed houses across all levels of the market."
HTW said the trend these days is for bigger and bigger houses on smaller and smaller blocks.
"Sub 600 square metre block sizes were unheard of prior to the mid 1990s, but have progressively become part of the urban landscape over the past 20 years.
"The average new estate block size in Cairns is now down to around 670 square metres."
Recent years have seen significant restoration and renovation of original Queenslanders as well as the emergence of some replica Queenslanders in the original Queenslander precincts.
However, outer suburbs are almost exclusively low-set masonry block housing.
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Cairns trending towards smaller housing blocks: HTW

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A Coles-anchored neighbourhood shopping centre in Cairns has sold to Shopping Centres Australia for $24.75 million. 
Sugarworld Shopping Centre is a convenience-based neighbourhood centre, 15 km south of the Cairns CBD.
Apart from Coles, it has 12 specialty retailers and a Coles Express service station pad site.
The deal was negotiated by JLL’s Sam Hatcher and Jacob Swan on behalf of IRAPT.
“The Coles Supermarket (also encompassing Liquorland and Coles Express outlets) accounts for 66% of the shopping centre’s fully leased net income, and has a strong 3.7% MAT year on year growth,” said Sam Hatcher.
The centre is expected to continue from the forecast 3.7% average annual population growth in the main trade area till 2031.
National director of Retail Investments, Jacob Swan said, 
It has a 10.91 year WALE (by income) while Coles is on a 20-year lease, offering long-term secure income.
Neighbourhood transaction volumes in Queensland increased by 15% in the last 12 months to September 2017 despite being 10% lower on a national basis over the same period.
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Cairns

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