The post-budget guide to commercial property investing

Cairns City

POSTAL CODE: QLD, 4870
UNIT

A steady increase in median property prices over a five-year period in CAIRNS CITY, 4870 translates to a 17.31% capital gain.

Property investors enjoyed capital gains of 2.52% over the last 12 months in CAIRNS CITY, translating to higher returns compared with its peers in QLD.

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 $610,000.

Profits due to an upward trend in home prices in CAIRNS CITY, 4870 averaged 5.77% per annum over a 3-year period.

Home owners selling their properties and realtors in CAIRNS CITY usually have to wait an average of 55.8 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $595 mark, reflecting a 5.07% increase in returns based on the current median price in CAIRNS CITY.

CAIRNS CITY, 4870 places 340th in Australia based on median property value growth during the quarter.

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