Cairns North

POSTAL CODE: QLD, 4870

HOUSE

UNIT

A steady increase in median property prices over a five-year period in the suburb translates to a 0.76% capital gain.

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 $529,000

The augmented property values in the suburb are trailing behind the territorial average of 12.36% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $550.

Home owners selling their properties and realtors in CAIRNS NORTH usually have to wait an average of 32.4 days days before their assets are lifted off the market.

The QLD suburb ranks 51st on the list of best yielding suburbs for rental properties in QLD, posting a 5.41% return.

It also places places 913th in Australia based on median property value growth during the quarter.

Property investors enjoyed capital gains of 10% over the last 12 months in CAIRNS NORTH, translating to lower returns compared with its peers in QLD.

A survey of average capital gains or median home price increase in suburbs across the country shows that CAIRNS NORTH, 4870 obtained a 5.94% growth over a ten-year period. It ranks 733rd on our list of suburbs that property investors should look into.

CAIRNS NORTH, 4870 has a capital gain of 10% for the past year, which is lower than average compared to its 87.5% growth within a five-year period.

With the median home price in CAIRNS NORTH sitting at $412,500, and the average rent at $500, property owners could potentially earn a 6.3% increase in gross rental yield.

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

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

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$529,000	$412,500
Growth Report
Median Quarterly	-5.11%	5.77%
Median 12 month	-14.95%	10%
Median 3 years	0.76%	44.74%
Median 5 years	42.97%	87.5%
10 years average annual	2.05%	5.94%
Weekly media advert. rent	$550	$500
Time on Market	32.4 days	36.9 days
Gross Rental Yield Percent	5.41%	6.3%

Demographics (Median Values)*

Total Population 3752

Weekly Household Income 973.2

Household Size 1.90

Average 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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