All About Smithfield, Cairns, QLD, 4878

Smithfield, a suburb located within the northern region of Cairns in Queensland, presents a dynamic housing market characterized by a balance of affordability and growth potential. Over recent years, Smithfield has witnessed a steady increase in demand, primarily driven by its appealing suburban environment and proximity to central Cairns. The real estate landscape here is diverse, ranging from modern family homes and townhouses to apartments, which caters to a wide array of buyers and renters, including young professionals, families, and retirees. As Cairns continues to grow as a regional hub, Smithfield benefits from ongoing residential development projects and infrastructure enhancements, further bolstering its attractiveness. Potential buyers are also drawn by its competitive pricing compared to the central city, making Smithfield an appealing option for those looking to invest or settle in a rapidly developing area.

Living in Smithfield offers a lifestyle blend of urban conveniences and natural beauty. Nestled between the lush Atherton Tablelands and the pristine coastline, residents have direct access to some of Queensland's most stunning landscapes. The suburb itself is well-equipped with amenities, including shopping centers like Smithfield Shopping Centre, schools, and recreational facilities that cater to the daily needs and interests of its population. A strong sense of community is evident in local events and the friendliness of residents, making it an inviting place for newcomers. Moreover, its strategic location provides easy access to Cairns' main attractions and job markets, while retaining a peaceful, relaxed atmosphere away from the bustle of the city center. With these qualities, Smithfield embodies an appealing suburban lifestyle without sacrificing the benefits of urban living.

Smithfield Real Estate Market Outlook

Thinking about buying in Smithfield? Now could not be a better time, with 4166 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $638,000 with prices in this suburb ranging from $115,000 to $2,743,000. Smithfield is located fairly close to the coast at just 1Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

In Smithfield there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Low average incomes in Smithfield is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. Low average earnings from people in Smithfield leads to lower quality housing which also negatively impacts the provision of facilities. As a consequence this area is often seen as less desirable, with lower quality of housing and slower price growth. Lower than average population density constrains growth in Smithfield to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. Lower than average industry presence in Smithfield we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Smithfield a better buying opportunity than it may have been in the past.

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