Suburb Profile Report for Cairns North QLD (4870)

Cairns North House: Median price $420,000, Annual capital growth 3.95%, Number of sales 27, Weekly median advertised rent $360

Cairns North Unit: Median price $225,000, Annual capital growth 0.52%, Number of sales 177, Weekly median advertised rent $313

  • House
  • Unit
Source: RP Data
  • Median price
  • Number of sales
DSR Score for property investment : BELOW AVERAGE (U), BELOW AVERAGE (H)
  • House Report
  • Unit Report

Property investors who have had real estate in Cairns North, 4870 should be relatively unhappy 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 1.20%

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.

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 -9.32% is being offered, which puts this QLD suburb at 372th most discounted overall in Australia.

Residents and property investors in Cairns North have been waiting around 50.52 days to sell a property.

A $360 per week rent on the median house gives suburb investors a gross yield of circa 4.46%, without taking into account capital value appreciation, which has been averaging out at 3.95%.

With a capital gain of 4.65% for the last 12 months, Cairns North, 4870 has performed for property investments than its average annual 0.52% property growth over the last 5 years.

When looking at the potential capital gains offered to property investors over the last 3 years, Cairns North comes in at number 213th in QLD.

The most recent median price for Cairns North is $225000, with sellers offering an average of -8.16% off the asking price.

HOUSE UNIT
$420,000 $225,000
-3.45% 1.35%
1.20% 4.65%
15.07% -4.26%
14.29% -20.35%
3.95% 0.52%
$360 $313
27 177
4.46% 7.22%
50.52 101.96
Source: RP Data
Find a mortgage broker in Cairns North QLD
Demographics
Total population 4444
Median household income ($/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
Chart Table
Recent sales & rentals