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.