Investment property in Cairns North has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 3.09%
Taking the average capital gain, or increase in median house value, Cairns North,4870 has racked up an average of 3.09% over the period. This ranks it number 2151th in the whole country for real estate investors looking at median house price increases.
Cairns North, 4870 is offering QLD ‘s 542th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 40% of discounts offered by this QLD.
At number 1884 in a list of fastest selling suburbs, Cairns North is just in the top half of suburbs in Australia with an average of days on market 80.29 for properties listed there.
Property investors should expect to get $365 weekly from the median priced house in this suburb.
QLD has seen average median house prices change by 0.65% which means that Cairns North, 4870 has done well for property investors by showing a capital gain of -6.25% over the last year
Comparing Cairns North,4870 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Cairns North4870 is located in QLD which offers an average discount of -6.05% to property investors. Cairns North itself is showing figures that indicate -8.69% is the average achievable by property buyers investing in the suburb.
With the median price for a house in Cairns North being $225000 and the advertised rent reaching $340 the gross rental yield for property investors calculates out to be 7.86%