Cairns Economic Monitor - March 2025
Cairns property owners and landlords have benefited significantly from price increases over the past few years, driven in part by a local supply squeeze influenced by Jasper. Looking ahead, continued growth is likely to be driven more by macroeconomic factors rather than known local catalysts. The local economy does not have many “game-changing” job creating projects on the horizon and appears to be entering a period of steady, incremental change.
The property markets continued growth will likely be shaped by migration trends and interest rate movements, while the tourism sector’s performance, particularly discretionary spending, will be driven by global economic conditions.