Suburb Profile Report for Cairns North QLD (4870)

Cairns North House: Median price $420,000, Annual capital growth 4.03%, Number of sales 24, Weekly median advertised rent $360

Cairns North Unit: Median price $225,000, Annual capital growth 0.17%, Number of sales 198, Weekly median advertised rent $320

  • House
  • Unit
Source: RP Data
  • Median price
  • Number of sales

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  • House Report
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Property value increases in Cairns North have tracked just lower than the QLD average of 3.74% over the last 12 months.

Over the longer term, Cairns North has seen property prices show investors a 20.86% return over the last 3 years. This is worse than over the last 12 months

State is the 2nd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.16% offered to property buyers. Sellers in Cairns North itself are offering an average vendor discount of -5.88% to real estate investors.

Advertised rents are around the $360 mark per week – giving a return of 4.46% based on the median price in Suburb

At number 849th in the list of Australian suburbs ordered by increase in median house value over the last year, Cairns North, 4870 is in the top half with a property value increase of 4.65% recorded in median house prices.

Taking the average capital gain, or increase in median house value, Cairns North,4870 has racked up an average of 4.65% over the period. This ranks it number 1297th in the whole country for real estate investors looking at median house price increases.

LACK OF BUYER INTEREST may well be the reason that Cairns North is offering property investors an average of -5.86. This rate of discount on properties puts Suburb at number 29th in terms of most discounted suburbs in QLD

With the median price for a house in Cairns North being $225000 and the advertised rent reaching $320 the gross rental yield for property investors calculates out to be 7.40%

HOUSE UNIT
$420,000 $225,000
N/A -0.22%
1.20% 4.65%
20.86% -3.23%
14.29% -22.41%
4.03% 0.17%
$360 $320
24 198
4.46% 7.40%
49.12 97.89
Source: RP Data
DSR Score for property investment : Balanced (U), Balanced (H)
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Demographics
Total population 4444
Median household income ($/weekly) 1026
Median age of persons 35
Median housing loan repayment ($/monthly) 1733
Average household size 1.9
  • Census Count Percent(%)
    20-24 years 504 11.3
    25-34 years 1042 23.5
    35-44 years 688 15.5
    45-54 years 656 14.8
    55-64 years 492 11.1
    Others 1060 23.9
    Age Group
    Census Count Percent(%)
    Not Married 1732 57.9
    Registered Married 770 25.8
    Defacto Relationship 487 16.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 2348 61.9
    Indonesia 118 3.1
    Papua New Guinea 207 5.5
    United Kingdom 260 6.9
    Other 308 8.1
    Others 554 14.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 150 4.2
    Christianity 2051 57.0
    Hinduism 81 2.2
    Other Religious Groups 61 1.7
    No Religion 1225 34.0
    Others 33 0.9
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 166 10.0
    $600-$799 202 12.1
    $800-$999 173 10.4
    $1,000-$1,249 183 11.0
    $1,500-$1,999 222 13.3
    Others 717 43.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1536 45.3
    Not in the labour force 926 27.3
    Employed, worked part-time 578 17.1
    Unemployed, looking for work 214 6.3
    Employed, away from work 136 4.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 224 9.9
    Professionals 546 24.2
    Technicians & trades workers 305 13.5
    Community & personal service workers 342 15.2
    Clerical & administrative workers 260 11.5
    Others 575 25.5
    Occupation
    Census Count Percent(%)
    Infants/Primary 172 24.5
    Secondary 128 18.2
    Technical or Further Educational Institution 111 15.8
    University or other Tertiary Institutions 211 30.1
    Other type of educational institution 46 6.6
    Others 34 4.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Flat, unit or apartment 2320 66.4
    Separate house 851 24.4
    Semi-detached, row or terrace house, townhouse 303 8.7
    House or flat attached to a shop, office 20 0.6
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1238 68.9
    Being purchased 322 17.9
    Fully owned 230 12.8
    Other tenure type 6 0.3
    Tenure Type
Census 2011, ABS
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