Cairns Marina Mansion Nears Trinity Park Sales Record

Real estate markets in several regions are experiencing notable trends in sales and pricing. In Cairns, a marina mansion listed at $5.25 million is set to break the suburb record and approach the city's highest residential sales figures, featuring luxury amenities and direct access to the Great Barrier Reef. The Hamptons have seen a surge in home sales, with median prices reaching $2 million for the first time, driven by strong demand in the $1 million to $5 million range, although prices for the most expensive homes have declined due to increased inventory. Miami's housing market faces affordability challenges amid stricter regulations and rising insurance costs, leading to a mix of ultra-luxury developments and workforce housing projects to address diverse needs. Meanwhile, Alicante province in Spain recorded its highest-ever property sales in March, with strong demand pushing up prices, particularly in new-build homes despite the majority of sales being second-hand. These regional snapshots illustrate the dynamics of luxury, affordability, and supply-demand imbalances shaping the global housing landscape.