Giving property investors a an unimpressive capital gain of 1.03% for the last year, Cairns North, 4870 is the 2953th highest performer in Australia in this respect.
If we look at median property appreciation over just the last three months, Cairns North has given property investors a paper return of -2.00%. This puts Suburb as 664 on a list of fastest fasting appreciating suburbs in QLD
LACK OF BUYER INTEREST may well be the reason that Cairns North is offering property investors an average of -6.86. This rate of discount on properties puts Suburb at number 511th in terms of most discounted suburbs in QLD
With the median price for a house in Cairns North being $490000 and the advertised rent reaching $350 the gross rental yield for property investors calculates out to be 3.71%
Investment property in Cairns North 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 0.44%
Across a shorter period, Cairns North, 4870 has seen a median price increase of 0.00% over the last quarter.
Cairns North4870 is located in QLD which offers an average discount of -5.98% to property investors. Cairns North itself is showing figures that indicate -7.50% is the average achievable by property buyers investing in the suburb.
In the last year 177 properties changed hands in Cairns North, which puts it as the 46th most active market in QLD when comparing the number of sales per suburb.
With the median price for a house in Cairns North being $230000 and the advertised rent reaching $330 the gross rental yield for property investors calculates out to be 7.46%