A steady increase in median property prices over a five-year period in the suburb translates to a 14.49% 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 $478,000
The augmented property values in the suburb are trailing behind the territorial average of 2.57% in 2016.
On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $410.
Home owners selling their properties and realtors in CAIRNS NORTH usually have to wait an average of 56.6 days days before their assets are lifted off the market.
The QLD suburb ranks 446th on the list of best yielding suburbs for rental properties in QLD, posting a 4.46% return.
It also places places 614th in Australia based on median property value growth during the quarter.
Property investors enjoyed capital gains of 12.71% 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 0.05% growth over a ten-year period. It ranks 1617th on our list of suburbs that property investors should look into.
CAIRNS NORTH, 4870 has a capital gain of 12.71% for the past year, which is higher than average compared to its 10.87% growth within a five-year period.
With the median home price in CAIRNS NORTH sitting at $255,000, and the average rent at $330, property owners could potentially earn a 6.73% increase in gross rental yield.
A 12.71% increase in median property prices in CAIRNS NORTH, 4870 has allowed this suburb to join the ranks of best performing suburbs in QLD, settling at number 36th.
Figures from the previous quarter show that capital gains for real estate buyers in CAIRNS NORTH are high, 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.