Property investors who have had real estate in Cairns North, 4870 should be 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 25.00%
If we look at median property appreciation over just the last three months, Cairns North has given property investors a paper return of 2.33%. This puts Suburb as 244 on a list of fastest fasting appreciating suburbs in QLD
State is the 2nd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.88% offered to property buyers. Sellers in Cairns North itself are offering an average vendor discount of -10.29% to real estate investors.
Renters in Suburb are facing rents around $4260 per annum or $355 every week.
If you compare the increase in value of investment property in Cairns North, 4870 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this QLD suburb was 2.33%.
Taking the average capital gain, or increase in median house value, Cairns North,4870 has racked up an average of 2.33% over the period. This ranks it number 1560th in the whole country for real estate investors looking at median house price increases.
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.99% offered to property buyers. Sellers in Cairns North itself are offering an average vendor discount of -7.65% to real estate investors.
At number 1190 in a list of fastest selling suburbs, Cairns North is in the bottom 30% of suburbs in Australia with an average of days on market 105.14 for properties listed there.
Cairns North, 4870’s gross rental yield is 7.33%