Property value increases in Cairns North have tracked close to the QLD average of 2.46% over the last 12 months.
Cairns North,4870 was ranked 3149 in Australia by increase in median property value over the quarter.
At number 635th of QLD’s most discounted properties, Cairns North is in the TOP 30% of the state/territory when listing in order of most discounted to least.
With the median price for a house in Cairns North being $494950 and the advertised rent reaching $360 the gross rental yield for property investors calculates out to be 3.78%
Over the last year, property investments in Cairns North, 4870 have given investors a capital gain of -2.13%. This compares badly with the 0.15% for QLD as a whole.
The five-year average increase in median property values for Cairns North,4870 has given property investors a potential capital gain of 6.98% across each of those five years.
Sellers are offering property buyers an average discount of -7.31% to buyers in Cairns North at the moment, which is less than average for the rest of QLD.
Cairns North, 4870’s gross rental yield is 7.46%