Cairns North, 4870 ranked 234th in QLD when comparing growth in median property values or capital gain over the last 12 months. Cairns North is one of 2415 in our list for QLD
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Cairns North has increased when compared to the 5 year average annual rate.
Cairns North4870 is located in QLD which offers an average discount of -7.10% to property investors. Cairns North itself is showing figures that indicate -5.49% is the average achievable by property buyers investing in the suburb.
In the last year 34 properties changed hands in Cairns North, which puts it as the 564th most active market in QLD when comparing the number of sales per suburb.
The QLD suburb of Cairns North, 4870 is in the Cairns local government area.
Cairns North has had a quite poor year for property investment returns compared to the rest of QLD, giving investors a capital gain of -4.61% to date .
Cairns North,4870 has offered an average of -4.61% return per annum in house price rises to property investors over the last three years.
Sellers are offering property buyers an average discount of -8.57% to buyers in Cairns North at the moment, which is less than average for the rest of QLD.
At number 1131 in a list of fastest selling suburbs, Cairns North is in the bottom 30% of suburbs in Australia with an average of days on market 100.57 for properties listed there.
Using the current median advertised rental of $340 and the average annual increase in value of a median property of -1.17%, investors should hope to achieve an overall return of 7.77%