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Holloways Beach suburb profile

Holloways Beach is a picturesque coastal suburb located just 12km north of Cairns in Far North Queensland. Known for its relaxed beachside atmosphere, it offers residents and visitors a tranquil escape with stunning ocean views and sandy shores. The suburb is popular among families and retirees seeking a peaceful lifestyle, with a strong sense of community and local amenities. Holloways Beach features a mix of traditional beach houses and modern homes, along with cafes, parks, and recreational facilities. Its proximity to Cairns and the Great Barrier Reef makes it an attractive destination for those looking to enjoy the natural beauty and outdoor activities of the region.

Holloways Beach property market performance

Current median dwelling price$516,250Past 3 months

Property growth+21.2%Past 12 months

Holloways Beach has experienced significant growth in its property market over the past 12 months. While the median house price is currently unavailable, house values have surged by 19.1%. Units have also seen a substantial increase, with a 23.3% rise in value, bringing the median unit price to $357,500.

Sales activity has been moderate, with 7 houses and 16 units sold over the last 12 months. Properties are moving relatively quickly, with houses spending a median of 25 days on the market and units 29 days, indicating strong demand.

The rental market in Holloways Beach has also shown robust growth, with house rents increasing by 10% and unit rents by 8.4% over the past year. The average rent for houses is $605, while units average $488, reflecting a healthy rental demand.

HousesUnits
Median price
Past 3 months
N/A$358K
Change in value
Past 12 months
19.1%23.3%
Sold
Past 3 months
716
Median days on market
Past 12 months
2529
Average rent
Past 12 months
$605$488
Change in rent
Past 12 months
10.0%8.4%

5 year median price trend for houses and units

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Holloways Beach demographics

Holloways Beach, located in Far North Queensland, is a charming coastal suburb known for its relaxed lifestyle and close-knit community. With a population of 2,398, it offers a serene escape from the hustle and bustle of city life, while still being conveniently close to Cairns. The median age of 46 suggests a mature community, with many residents enjoying the tranquil beachside environment and the slower pace of life.

The suburb's housing landscape is diverse, with a balanced mix of property ownership and rental options. Approximately 28.8% of properties are owned outright, while 34.5% are owned with a mortgage, indicating a stable community with a significant number of long-term residents. Meanwhile, 36.7% of properties are rented, providing flexibility for those who prefer not to commit to home ownership.

Family dynamics in Holloways Beach are varied, with couple families without children making up 43.5% of the population, and couple families with children accounting for 30.6%. One-parent families represent 24.8%, reflecting a supportive environment for diverse family structures. The suburb's natural beauty, combined with its community-oriented atmosphere, makes it an appealing choice for families, retirees, and anyone seeking a peaceful coastal lifestyle.

Holloways Beach infrastructure, key developments and investment opportunities

Holloways Beach has not experienced any significant recent infrastructure developments or major council-driven projects that are likely to substantially impact the property market. The suburb remains known for its relaxed coastal lifestyle, established residential character, and proximity to key Cairns amenities, all of which contribute to its ongoing appeal for both home buyers and investors.

Although there are no new schools or major transport enhancements planned for Holloways Beach, waterfront preservation efforts continue to maintain the area's natural appeal. Market activity remains steady, and local desirability is supported by access to the esplanade, regular beachfront markets, and established dining options. At present, there are no major upcoming changes expected to greatly influence property values or demand in the suburb.

Holloways Beach rental market trends

The rental market in Holloways Beach has experienced steady growth, with house rents increasing 10% over the past year to $605 per week, while unit rents have risen 8.4% to $488 per week. This coastal suburb continues to attract renters and investors alike, offering a relaxed lifestyle with strong rental demand and potential for future growth.

Suburbs near Holloways Beach

Some popular suburbs near Holloways Beach include:

How does Holloways Beach compare to nearby suburbs?

  • Median house prices: Holloways Beach’s median house price is 17.7% lower than Smithfield’s.
  • Median unit prices: Holloways Beach’s median unit price is 31.3% lower than Clifton Beach’s.
  • House price growth: Over the past 12 months, house prices in Holloways Beach have grown 7.2% higher than in Smithfield.
  • Unit price growth: Over the past 12 months, unit prices in Holloways Beach have grown 11.2% higher than in Smithfield.
  • Selling speed for houses: Properties in Holloways Beach are selling 56.9% faster than in Clifton Beach.
  • Selling speed for units: Properties in nearby Smithfield are selling 37.9% faster than in Holloways Beach.

Common questions about Holloways Beach

  • Is Holloways Beach a nice place to live?

    Holloways Beach is a delightful coastal suburb that offers a serene and picturesque lifestyle, perfect for those who appreciate the beauty of the ocean and a relaxed atmosphere. With its stunning sandy shores and tranquil ocean views, this charming suburb is a haven for families and retirees seeking a peaceful escape from the busyness of city life. The community here is close-knit, fostering a welcoming environment that makes it easy to feel at home. The suburb's vibe is laid-back, with a strong emphasis on enjoying the natural surroundings and engaging in outdoor activities.

    Living in Holloways Beach means having convenient access to essential amenities, including local cafes, parks, and recreational facilities. While it may not have the bustling nightlife of a city center, its proximity to Cairns ensures that residents can easily access larger shopping and entertainment options when desired. Safety is generally not a concern, making it an appealing choice for families who value a secure and friendly environment for their children. The suburb's mix of traditional beach houses and modern homes caters to a variety of preferences, providing options for both homeowners and renters.

    One trade-off of living in Holloways Beach is the lack of significant recent infrastructure developments, which means that public transport options and new schools are limited. However, this also means that the suburb retains its established residential character and natural charm. For those who prioritize a peaceful coastal lifestyle with the convenience of being close to Cairns and the Great Barrier Reef, Holloways Beach is an excellent choice. Its community-oriented atmosphere and beautiful surroundings make it a truly nice place to live.

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  • Is it expensive to live in Holloways Beach?

    Living in Holloways Beach offers a unique blend of coastal charm and affordability compared to many other Australian beachside suburbs. The current median house price is $652,000, which is relatively moderate when you consider the premium often associated with beachfront living. Units are even more affordable, with a median price of $365,000. Renting in Holloways Beach is also reasonably priced, with houses averaging $620 per week and units at $460 per week over the last 12 months.

    When we compare these figures to the average wage in Queensland, which is around $93,000 annually, Holloways Beach presents a balanced cost of living. The median total household income in the suburb is $1,342 per week, which suggests that housing costs, whether buying or renting, are a significant but manageable portion of income for many residents. This makes Holloways Beach a more accessible option for those earning an average salary in Queensland.

    Overall, while the cost of living in Holloways Beach is not the lowest in the region, it offers a reasonable compromise between affordability and the lifestyle benefits of living near the beach. If you are thinking of living in Holloways Beach, it’s worth considering the financial aspects, but you’ll likely find it a worthwhile investment for the lifestyle it provides.

    Disclaimer: To assess whether a suburb is considered expensive, we’ve looked at mortgage and rental costs as a proportion of the average local salary. That said, everyone’s financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.
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  • Is Holloways Beach a good place to invest?

    Holloways Beach is showing promising signs as a solid investment suburb, thanks to its impressive growth in property values over the past year. With a 14.5% increase in median house values and an even more striking 18.7% rise in unit values, the suburb is clearly on an upward trajectory. This kind of growth suggests a strong demand for properties in the area, which is always a positive indicator for potential investors.

    In addition to property value growth, rental yields in Holloways Beach are also on the rise. House rents have increased by 3.3%, while unit rents have seen a significant 8.2% jump. This indicates a healthy rental market, which is crucial for investors looking to generate steady rental income. The combination of rising property values and rental returns makes Holloways Beach an attractive option for those considering investing in real estate.

    Overall, Holloways Beach offers a compelling mix of capital growth potential and rental income opportunities. Its recent performance in both property and rental markets suggests that it could be a wise choice for investors seeking a balance of appreciation and income. As the suburb continues to develop and attract more residents, it stands as a promising location for real estate investment.

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Choose the right real estate agents in Holloways Beach

Choosing the right real estate agent in Holloways Beach can have a big impact on your sale. While there are 52 real estate agents working in the suburb, but just 5 of them were responsible for 34.8% of all property sales over the past year, showing a strong footprint and track record in the area.

Commission rates typically range from 2.5% to 3.13%, depending on the agent and what’s included. Comparing both performance and fee structures can help you find someone who's well-suited to your needs, and set them up for a successful result.

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