Suburb Profile Report for Cairns North QLD (4870)

Cairns North House: Median price $490,000, Annual capital growth 3.29%, Number of sales 27, Weekly median advertised rent $350

Cairns North Unit: Median price $230,000, Annual capital growth -1.34%, Number of sales 177, Weekly median advertised rent $330

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

Source: CoreLogic

  • House Report
  • Unit Report

Giving property investors a an unimpressive capital gain of 1.03% for the last year, Cairns North, 4870 is the 2953th highest performer in Australia in this respect.

If we look at median property appreciation over just the last three months, Cairns North has given property investors a paper return of -2.00%. This puts Suburb as 664 on a list of fastest fasting appreciating suburbs in QLD

LACK OF BUYER INTEREST may well be the reason that Cairns North is offering property investors an average of -6.86. This rate of discount on properties puts Suburb at number 511th in terms of most discounted suburbs in QLD

With the median price for a house in Cairns North being $490000 and the advertised rent reaching $350 the gross rental yield for property investors calculates out to be 3.71%

Investment property in Cairns North has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 0.44%

Across a shorter period, Cairns North, 4870 has seen a median price increase of 0.00% over the last quarter.

Cairns North4870 is located in QLD which offers an average discount of -5.98% to property investors. Cairns North itself is showing figures that indicate -7.50% is the average achievable by property buyers investing in the suburb.

In the last year 177 properties changed hands in Cairns North, which puts it as the 46th most active market in QLD when comparing the number of sales per suburb.

With the median price for a house in Cairns North being $230000 and the advertised rent reaching $330 the gross rental yield for property investors calculates out to be 7.46%

Metrics i HOUSE UNIT
$490,000 $230,000
-2.00% 0.00%
1.03% 0.44%
3.29% -1.34%
$350 $330
27 177
3.71% 7.46%
86.61 103.66

Source: CoreLogic

DSR Score for property investment : Balanced (H), Balanced (U)
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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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