Suburb Profile Report for Cairns North QLD (4870)

Cairns North House: Median price $500,000, Annual capital growth 4.35%, Number of sales 29, Weekly median advertised rent $360

Cairns North Unit: Median price $230,000, Annual capital growth -0.90%, Number of sales 177, Weekly median advertised rent $325

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Over the last year, property investments in Cairns North, 4870 have given investors a capital gain of 10.50%. This compares very favourably with the 1.98% for QLD as a whole.

Cairns North,4870 has offered an average of 10.50% return per annum in house price rises to property investors over the last three years.

Sellers are offering property buyers an average discount of -6.98% to buyers in Cairns North at the moment, which is less than average for the rest of QLD.

In the last year 29 properties changed hands in Cairns North, which puts it as the 595th most active market in QLD when comparing the number of sales per suburb.

Property investors should expect to get $360 weekly from the median priced house in this suburb.

If you compare the increase in value of investment property in Cairns North, 4870 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this QLD suburb was -0.43%.

The five-year average increase in median property values for Cairns North,4870 has given property investors a potential capital gain of -7.54% across each of those five years.

Vendor discounting in Cairns North is giving property investors an average Vendor Discount of around -7.27%. This puts suburb at number 57th in QLD when ranking the most discounted suburbs.

Cairns North is 16th on a list of best yielding suburbs for rents in QLD with a 7.35% return

HOUSE UNIT
$500,000 $230,000
2.56% -2.95%
10.50% -0.43%
4.35% -0.90%
$360 $325
29 177
3.74% 7.35%
85.52 92.8

Source: CoreLogic

DSR Score for property investment : Balanced (H), Above average (U)
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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
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