Suburb Profile Report for Cairns North QLD (4870)

Cairns North House: Median price $495,000, Annual capital growth 4.14%, Number of sales 22, Weekly median advertised rent $370

Cairns North Unit: Median price $235,000, Annual capital growth 0.18%, Number of sales 172, Weekly median advertised rent $320

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

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  • House Report
  • Unit Report

Investment property in Cairns North has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 18.56%

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Cairns North has increased when compared to the 5 year average annual rate.

Vendor discounting in Cairns North is giving property investors an average Vendor Discount of around -5.16%. This puts suburb at number 606th in QLD when ranking the most discounted suburbs.

At number 1580 in a list of fastest selling suburbs, Cairns North is just in the top half of suburbs in Australia with an average of days on market 70.7 for properties listed there.

The QLD suburb of Cairns North, 4870 is in the Cairns local government area.

QLD has seen average median house prices change by 1.47% which means that Cairns North, 4870 has done well for property investors by showing a capital gain of 3.30% over the last year

A -19.38% growth in median value for property investors in Cairns North,4870 puts this suburb at number 211th in terms of best performing suburbs in QLD

Vendor discounting in Cairns North is giving property investors an average Vendor Discount of around -6.39%. This puts suburb at number 86th in QLD when ranking the most discounted suburbs.

In the last year 172 properties changed hands in Cairns North, which puts it as the 50th most active market in QLD when comparing the number of sales per suburb.

Cairns North is 30th on a list of best yielding suburbs for rents in QLD with a 7.08% return

HOUSE UNIT
$495,000 $235,000
4.21% -0.21%
18.56% 3.30%
4.14% 0.18%
$370 $320
22 172
3.89% 7.08%
70.7 81.19

Source: Property Value by CoreLogic. Click here to get a list of the top suburbs for capital growth potential. Enter code YIP10 at checkout for 10% off premium subscription.

DSR Score for property investment : Above average (U), Balanced (H)
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Demographics
Total population 4444
Median household income ($/weekly) 1026
Median age of persons 35
Median housing loan repayment ($/monthly) 1733
Average household size 1.9
  • Census Count Percent(%)
    20-24 years 504 11.3
    25-34 years 1042 23.5
    35-44 years 688 15.5
    45-54 years 656 14.8
    55-64 years 492 11.1
    Others 1060 23.9
    Age Group
    Census Count Percent(%)
    Not Married 1732 57.9
    Registered Married 770 25.8
    Defacto Relationship 487 16.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 2348 61.9
    Indonesia 118 3.1
    Papua New Guinea 207 5.5
    United Kingdom 260 6.9
    Other 308 8.1
    Others 554 14.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 150 4.2
    Christianity 2051 57.0
    Hinduism 81 2.2
    Other Religious Groups 61 1.7
    No Religion 1225 34.0
    Others 33 0.9
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 166 10.0
    $600-$799 202 12.1
    $800-$999 173 10.4
    $1,000-$1,249 183 11.0
    $1,500-$1,999 222 13.3
    Others 717 43.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1536 45.3
    Not in the labour force 926 27.3
    Employed, worked part-time 578 17.1
    Unemployed, looking for work 214 6.3
    Employed, away from work 136 4.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 224 9.9
    Professionals 546 24.2
    Technicians & trades workers 305 13.5
    Community & personal service workers 342 15.2
    Clerical & administrative workers 260 11.5
    Others 575 25.5
    Occupation
    Census Count Percent(%)
    Infants/Primary 172 24.5
    Secondary 128 18.2
    Technical or Further Educational Institution 111 15.8
    University or other Tertiary Institutions 211 30.1
    Other type of educational institution 46 6.6
    Others 34 4.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Flat, unit or apartment 2320 66.4
    Separate house 851 24.4
    Semi-detached, row or terrace house, townhouse 303 8.7
    House or flat attached to a shop, office 20 0.6
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1238 68.9
    Being purchased 322 17.9
    Fully owned 230 12.8
    Other tenure type 6 0.3
    Tenure Type
Census 2011, ABS
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Recent sales & rentals