The impact of the economy on housing: State-by-state
The correlation between state and territory economies and local property values cannot be underestimated, so what economic headwinds (and t...
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 13.33%.
A steady increase in median property prices over a five-year period in CAIRNS CITY, 4870 translates to a -10.53% capital gain.
Property investors enjoyed capital gains of 13.33% 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 $340,000.
Profits due to an downward trend in home prices in CAIRNS CITY, 4870 averaged -3.51% per annum over a 3-year period.
Home owners selling their properties and realtors in CAIRNS CITY usually have to wait an average of 81.0 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $425 mark, reflecting a 6.5% increase in returns based on the current median price in CAIRNS CITY.
CAIRNS CITY, 4870 places 279th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | N/A | $340,000 |
| GROWTH REPORT | ||
| Median Quarterly | N/A | -7.86% |
| Median 12 month | N/A | 13.33% |
| Median 3 years | N/A | -10.53% |
| Median 5 years | N/A | 7.94% |
| 10 years average annual | N/A | -1.47% |
| Weekly media advert. rent | N/A | $425 |
| Time on Market | N/A | 81.0 days |
| Gross Rental Yield Percent | N/A | 6.5% |
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