AREA REPORTS

Cairns North

 

 

QLD/
Cairns north

Suburb Profile

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

house
unit

A steady increase in median property prices over a five-year period in the suburb translates to a -10.15% 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 $442,500

The augmented property values in the suburb are trailing behind the territorial average of 1.87% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $400.

Home owners selling their properties and realtors in CAIRNS NORTH usually have to wait an average of 118.7 days days before their assets are lifted off the market.

The QLD suburb ranks 415th on the list of best yielding suburbs for rental properties in QLD, posting a 4.7% return.

It also places places 585th in Australia based on median property value growth during the quarter.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $442,500 $238,750
GROWTH REPORT
Median Quarterly -1.67% 0.42%
Median 12 month -1.88% -0.52%
Median 3 years -10.15% 0.1%
Median 5 years 2.43% 9.52%
10 years average annual 0.14% -0.92%
Weekly media advert. rent $400 $340
Time on Market 118.7 days 69.3 days
Gross Rental Yield Percent 4.7% 7.41%
demographics (median values)
Total Population
3752
Weekly Household Income
973.2
Household Size
1.90
demographics
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