If you compare the increase in value of investment property in Cairns North, 4870 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this QLD suburb was -3.45%.
When looking at the potential capital gains offered to property investors over the last 3 years, Cairns North comes in at number 166th in QLD.
Vendor discounting in Cairns North is giving property investors an average Vendor Discount of around -5.99%. This puts suburb at number 479th in QLD when ranking the most discounted suburbs.
In the last year 23 properties changed hands in Cairns North, which puts it as the 647th most active market in QLD when comparing the number of sales per suburb.
With the median price for a house in Cairns North being $420000 and the advertised rent reaching $380 the gross rental yield for property investors calculates out to be 4.70%
Over the last year, property investments in Cairns North, 4870 have given investors a capital gain of 4.55%. This compares favourably with the 2.22% for QLD as a whole.
Over the longer term, Cairns North has seen property prices show investors a 2.22% return over the last 3 years. This is an improvement over the last 12 months
Property buyers and investors in Cairns North 4870 should be seeing an average reduction in asking price of around -7.41% . This means that Cairns North is holding prices well when compared to other suburbs in QLD.