Investment property in Cairns North has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 18.56%
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.
Vendor discounting in Cairns North is giving property investors an average Vendor Discount of around -5.16%. This puts suburb at number 606th in QLD when ranking the most discounted suburbs.
At number 1580 in a list of fastest selling suburbs, Cairns North is just in the top half of suburbs in Australia with an average of days on market 70.7 for properties listed there.
The QLD suburb of Cairns North, 4870 is in the Cairns local government area.
QLD has seen average median house prices change by 1.47% which means that Cairns North, 4870 has done well for property investors by showing a capital gain of 3.30% over the last year
A -19.38% growth in median value for property investors in Cairns North,4870 puts this suburb at number 211th in terms of best performing suburbs in QLD
Vendor discounting in Cairns North is giving property investors an average Vendor Discount of around -6.39%. This puts suburb at number 86th in QLD when ranking the most discounted suburbs.
In the last year 172 properties changed hands in Cairns North, which puts it as the 50th most active market in QLD when comparing the number of sales per suburb.
Cairns North is 30th on a list of best yielding suburbs for rents in QLD with a 7.08% return