Investment property in Suburb has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 1.99%
If we look at median property appreciation over just the last three months, Cairns North has given property investors a paper return of -7.23%. This puts Suburb as 813 on a list of fastest fasting appreciating suburbs in QLD
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 -10.68% is being offered, which puts this QLD suburb at 184th most discounted overall in Australia.
Using the current median advertised rental of $360 and the average annual increase in value of a median property of 5.19%, investors should hope to achieve an overall return of 4.86%
Cairns North has had a quite poor year for property investment returns compared to the rest of QLD, giving investors a capital gain of -2.27% to date .
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 fallen somewhat when compared to the 5 year average annual rate.
At number 58th of QLD’s most discounted properties, Cairns North is in the bottom 20% of the state/territory when listing in order of most discounted to least.
Residents and property investors in Cairns North have been waiting around 89.79 days to sell a property.
Property investors should expect to get $310 weekly from the median priced house in this suburb.