Over the last year, property investments in Cairns North, 4870 have given investors a capital gain of -2.33%. This compares badly with the 3.15% for QLD as a whole.
Property buyers and investors in Cairns North 4870 should be seeing an average reduction in asking price of around -5.43% . This means that Cairns North is holding prices well when compared to other suburbs in QLD.
Cairns North, 4870’s gross rental yield is 4.61%
Cairns North, 4870 ranked 141th in QLD when comparing growth in median property values or capital gain over the last 12 months. Cairns North is one of 2409 in our list for QLD
Over the longer term, Cairns North has seen property prices show investors a -0.77% return over the last 3 years. This is an improvement over the last 12 months
Cairns North4870 is located in QLD which offers an average discount of -5.89% to property investors. Cairns North itself is showing figures that indicate -8.28% is the average achievable by property buyers investing in the suburb.
In the last year 194 properties changed hands in Cairns North, which puts it as the 38th most active market in QLD when comparing the number of sales per suburb.
Using the current median advertised rental of $320 and the average annual increase in value of a median property of 0.11%, investors should hope to achieve an overall return of 7.40%