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McGrath has announced the opening of a new office in Cairns, as the network looks to capitalise on the region’s growing property market.
The McGrath Cairns office will be led by Principal Mark Turnbull, who brings 28 years of experience in residential and commercial property.
Turnbull said he would look to leverage his experience to serve the network's client base in the area.
“My experience gives a unique perspective in real estate, allowing me to provide clients with insight into property investment and loan structuring alongside premium real estate advice,” Turnbull said.
The network said it had earmarked Cairns as a region for substantial growth, with a 10 per cent jump in the median house price over the past 12 months, and sought to establish a foothold in the Far North Queensland market.
Turnbull said the city’s combination of lifestyle and access to a range of national parks and landmarks appealed to a diverse range of buyers.
“There is a relaxed coastal culture and a healthy outdoor sporting scene that attracts residents choosing lifestyle over big-city living, and proving to be a drawcard for interstate migration,” Turnbull said.
“Cairns is a high-momentum regional market with strong price growth, very tight rental vacancy and above-average yields.”
“For our vendors, that translates to fast-moving campaigns and excellent buyer depth, while for investors, the combination of yield and capital growth makes Cairns an appealing play.”
McGrath head of franchise, Chris Mourd, said Cairns was a rare regional market that blended lifestyle with genuine investment fundamentals.
“It is attracting south-coast sea-changers chasing beachfront living as well as local families wanting to benefit from the growing infrastructure and lifestyle attractions,” Mourd said.
“The region’s climate, lifestyle amenities and tourism appeal continue to be a major draw for interstate buyers and holiday-home purchasers.”
ABOUT THE AUTHOR
Mathew Williams
Born in the rural town of Griffith NSW, Mathew Williams is a graduate journalist who has always had a passion for storytelling. Having graduated from the University of Canberra with a Bachelor of Sports Media in 2023, Mathew recently made the move to Sydney from Canberra to pursue a career in journalism and has joined the Momentum Media team, writing for their real estate brands. Outside of journalism, Mathew is an avid fan of all things sports and regularly attends sporting events across Sydney. Get in touch at
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