With a capital gain of -1.41% for the last 12 months, Cairns North, 4870 has performed for property investments than its average annual 3.93% property growth over the last 5 years.
Over the longer term, Cairns North has seen property prices show investors a 15.07% return over the last 3 years. This is worse than over the last 12 months
Property buyers and investors in Cairns North 4870 should be seeing an average reduction in asking price of around -5.88% . This means that Cairns North is holding prices well when compared to other suburbs in QLD.
Property investors should expect to get $360 weekly from the median priced house in this suburb.
Property investors who have had real estate in Cairns North, 4870 should be ok with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 2.55%
If we look at median property appreciation over just the last three months, Cairns North has given property investors a paper return of -0.45%. This puts Suburb as 217 on a list of fastest fasting appreciating suburbs in QLD
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.82% offered to property buyers. Sellers in Cairns North itself are offering an average vendor discount of -8.28% to real estate investors.
Often selling an investment property can take time, and in Cairns North the average time real estate has been on the market is 91.18 days.
Renters in Suburb are facing rents around $3780 per annum or $315 every week.