CAIRNS CITY, 4870 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $305,000.
Profits due to an downward trend in home prices in CAIRNS CITY, 4870 averaged -4.29% per annum over a 3-year period.
Home owners selling their properties and realtors in CAIRNS CITY usually have to wait an average of 114.1 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $425 mark, reflecting a 7.25% increase in returns based on the current median price in CAIRNS CITY.
CAIRNS CITY, 4870 places 294th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||N/A||-17.85%|
|Median 3 years||N/A||-12.86%|
|Median 5 years||N/A||-0.81%|
|10 years average annual||N/A||-2.23%|
|Weekly media advert. rent||N/A||$425|
|Time on Market||N/A||114.1 days|
|Gross Rental Yield Percent||N/A||7.25%|