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Cairns North
AREA REPORTS

Cairns North

Cairns North - SUBURB PROFILE REPORT
POSTAL CODE: QLD, 4870

house
unit

It also 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 $445,000

The augmented property values in the suburb are trailing behind the territorial average of 11.8% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $435.

Home owners selling their properties and realtors in CAIRNS NORTH usually have to wait an average of 75.2 days days before their assets are lifted off the market.

The QLD suburb ranks 267th on the list of best yielding suburbs for rental properties in QLD, posting a 5.08% return.

It also places places 147th in Australia based on median property value growth during the quarter.

Data report can be found below

Cairns North
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $445,000 $233,500
GROWTH REPORT
Median Quarterly 8.54% 3.78%
Median 12 month 6.46% 4.94%
Median 3 years 2.3% -3.71%
Median 5 years -6.32% -2.71%
10 years average annual 1.7% -0.94%
Weekly media advert. rent $435 $370
Time on Market 75.2 days 67.8 days
Gross Rental Yield Percent 5.08% 8.24%
demographics (median values)*
Total Population
3752
Weekly Household Income
973.2
Household Size
1.90
Age
33
Monthly Loan Repayment
1352
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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