Cairns North has had a A very good year for property investment returns compared to the rest of QLD, giving investors a capital gain of 21.88% to date .
Cairns North,4870 was ranked 1568 in Australia by increase in median property value over the quarter.
Sellers are offering property buyers an average discount of -10.39% to buyers in Cairns North at the moment, which is less than average for the rest of QLD.
The QLD suburb of Cairns North, 4870 is in the Cairns local government area.
With a capital gain of 2.33% for the last 12 months, Cairns North, 4870 has performed for property investments than its average annual 0.78% property growth over the last 5 years.
While Cairns North,4870 ranked number 95th in QLD for increase in median house value (annualised) increase, it is ranked 311th over the last 5 years.
Property buyers and investors in Cairns North 4870 should be seeing an average reduction in asking price of around -7.64% . This means that Cairns North is holding prices well when compared to other suburbs in QLD.
Cairns North, 4870’s gross rental yield is 7.33%