Giving property investors a a solid capital gain of 16.76% for the last year, Cairns North, 4870 is the 300th highest performer in Australia in this respect.
Comparing Cairns North,4870 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Cairns North, 4870. Typically our figures indicate that -8.60% is being offered, which puts this QLD suburb at 554th most discounted overall in Australia.
Situated 1387.51km from the CBD, Cairns North is one of Cairns localities in the postcode 4870.
Property investors who have had real estate in Cairns North, 4870 should be relatively pleased 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 7.50%
While Cairns North,4870 ranked number 180th in QLD for increase in median house value (annualised) increase, it is ranked 284th over the last 5 years.
Cairns North, 4870 is offering QLD ‘s 61th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 30% of discounts offered by this QLD.
A $292.5 per week rent on the median house gives suburb investors a gross yield of circa 7.07%, without taking into account capital value appreciation, which has been averaging out at 0.95%.