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Stockland Cairns, operating as Earlville Shopping Town, is a sub-regional retail centre at 537 Mulgrave Road, Earlville, 5 km southwest of Cairns CBD. Established in 1992, it covers 49,130 sqm GLA, serving Far North Queensland's expanding market. Anchors include Woolworths, Coles supermarkets, and BCC Cinemas, complemented by 80+ specialty stores in value retail, fashion, health, services, and dining, with 89% national tenants for stability.
Positioned on a key arterial route, it offers high accessibility, free parking for 1,800 vehicles, and family-oriented amenities. The primary trade area generates $4.88 billion in retail spend, growing 3.5% annually to $9 billion by 2041, fueled by Cairns' population of 170,000 (median age 36, household income AUD 80,000), rapid residential growth, and tourism economy. As a neighborhood hub, it emphasizes convenience for daily needs and community engagement via events.
Leasing benefits from essential anchors driving steady traffic, casual mall opportunities, and Fawkner Property management since 2021 sale for $146 million, providing operational support. Challenges include suburban setting limiting tourist draw compared to CBD rivals, potential infrastructure updates for a 30-year-old asset, and exposure to regional tourism volatility.
Rent levels align with sub-regional norms at AUD 300-500/sqm/year, with occupancy estimated above 95% per industry benchmarks.
Tenant mix supports consistent performance in resilient categories but shows saturation in groceries amid e-commerce rise.
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Hours of Operation
Hours
| Monday | 09:00 AM — 05:30 PM |
| Tuesday | 09:00 AM — 05:30 PM |
| Wednesday | 09:00 AM — 05:30 PM |
| Thursday | 09:00 AM — 09:00 PM |
| Friday | 09:00 AM — 05:30 PM |
| Saturday | 09:00 AM — 05:00 PM |
| Sunday | 10:30 AM — 04:00 PM |
Hours may vary on public holidays. Check with individual stores for specific holiday schedules.
Insights
Demographics and Catchment
Cairns region hosts 170,000 residents, with Earlville drawing young families (median age 36, average household income AUD 80,000). 5 km primary catchment encompasses 50,000 people, favoring grocery, value apparel, and family services. Ongoing housing developments boost population 2-3% yearly, enhancing local demand. However, heavy tourism reliance (25% economy) introduces spending fluctuations; stable local base mitigates but highlights need for diversified tenant appeal to counter seasonal dips.
Tenant Mix and Occupancy
Centre features dual supermarket anchors (Woolworths, Coles) occupying 40% space, BCC Cinemas for entertainment, and specialties in fashion, beauty, home goods, with 89% national brands like Kmart, Priceline, reducing turnover risks. Over 80 tenants ensure balanced mix avoiding weak categories. Post-2021 Fawkner acquisition, occupancy holds at 95%+, outperforming regional averages amid recovery, supported by essential retail resilience. Leasing suits mid-tier brands seeking affordable entry in growing suburb, though limited high-end options due to value focus.
Competition and Accessibility
Faces rivalry from Cairns Central (100,000 sqm, 9.5M visitors/year, 98% occupancy) capturing tourist/CBD traffic, and Smithfield Shopping Centre for northern suburbs. Stockland Cairns' arterial road location yields 12,000-15,000 daily visitors, strong local draw but lower than CBD's 25,000. Accessibility via Bruce Highway aids, yet public transport limited; ample parking eases. Risks: aging 1992 build may require capex for modern appeal; online competition erodes non-essentials. Advantages include lower rents (AUD 12-15/sqft) and stable footfall from anchors.
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Cairns, QLD
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Cairns, QLD
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