Property value increases in Cairns North have tracked just lower than the QLD average of 3.04% over the last 12 months.
While Cairns North,4870 ranked number 539th in QLD for increase in median house value (annualised) increase, it is ranked 140th over the last 5 years.
Our latest figures would indicate that property sellers in Cairns North are currently offering property investors an average price cut of -5.43% below the asking price at the moment.
Cairns North is 526th on a list of best yielding suburbs for rents in QLD with a 4.48% return
If you compare the increase in value of investment property in Cairns North, 4870 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this QLD suburb was 3.64%.
While Cairns North,4870 ranked number 157th in QLD for increase in median house value (annualised) increase, it is ranked 302th over the last 5 years.
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.80% offered to property buyers. Sellers in Cairns North itself are offering an average vendor discount of -7.61% to real estate investors.
On average over the past year, suburb has had 15.50 sales per month, which equates to 186 per year.