Cairns City

POSTAL CODE: QLD, 4870

HOUSE

UNIT

Based on its average 5-year and quarterly capital gains CAIRNS CITY, 4870 saw average growth in the long term.

A survey of average capital gains or median home price increase in suburbs across the country shows that CAIRNS CITY, 4870 obtained a 33.7% growth over a ten-year period. It ranks 3397th on our list of suburbs that property investors should look into.

CAIRNS CITY, 4870 in QLD belongs to the local government area of Cairns.

CAIRNS CITY, 4870 has a capital gain of 33.7% for the past year, which is higher than average compared to its 0% growth within a five-year period.

With the median home price in CAIRNS CITY sitting at $610,000, and the average rent at $595, property owners could potentially earn a 5.07% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in CAIRNS CITY are high, as opposed to average gains per annum over the past five years.

Homeowners and real estate investors betting on CAIRNS CITY, 4870 can rest assured about this QLD suburb's performance. The suburb saw median home prices rise by 28.1%.

A steady increase in median property prices over a five-year period in CAIRNS CITY, 4870 translates to a 42.43% capital gain.

Property investors enjoyed capital gains of 28.1% over the last 12 months in CAIRNS CITY, translating to lower 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 $598,225.

Profits due to an upward trend in home prices in CAIRNS CITY, 4870 averaged 14.14% per annum over a 3-year period.

Home owners selling their properties and realtors in CAIRNS CITY usually have to wait an average of 59.7 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $600 mark, reflecting a 5.22% increase in returns based on the current median price in CAIRNS CITY.

CAIRNS CITY, 4870 places 355th in Australia based on median property value growth during the quarter.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$610,000	$598,225
Growth Report
Median Quarterly	0%	0.3%
Median 12 month	33.7%	28.1%
Median 3 years	0%	42.43%
Median 5 years	0%	45.91%
10 years average annual	33.7%	6.51%
Weekly media advert. rent	$595	$600
Time on Market	54.9 days	59.7 days
Gross Rental Yield Percent	5.07%	5.22%

Demographics (Median Values)*

Total Population 1514

Weekly Household Income 1071

Household Size 1.80

Average Age 40

Monthly Loan Repayment 2000

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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