Cairns North is an average performer in QLD when comparing median price capital growth over the last year. Cairns North gave property investors a average capital gain figure when compared to the rest of the state, with 3.57%.
Comparing Cairns North,4870 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Sellers are offering property buyers an average discount of -6.11% to buyers in Cairns North at the moment, which is less than average for the rest of QLD.
With the median price for a house in Cairns North being $435000 and the advertised rent reaching $370 the gross rental yield for property investors calculates out to be 4.42%
Over the last year, property investments in Cairns North, 4870 have given investors a capital gain of 6.74%. This compares favourably with the 2.01% for QLD as a whole.
Comparing Cairns North,4870 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period
Vendor discounting in Cairns North is giving property investors an average Vendor Discount of around -7.83%. This puts suburb at number 47th in QLD when ranking the most discounted suburbs.
A $320 per week rent on the median house gives suburb investors a gross yield of circa 7.25%, without taking into account capital value appreciation, which has been averaging out at -0.10%.