Giving property investors a a poor capital gain of -1.98% for the last year, Cairns North, 4870 is the 3392th 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 -1.98%. This puts Suburb as 700 on a list of fastest fasting appreciating suburbs in QLD
Property investors looking for a bargain in Cairns North should be aiming for at least -6.71% off the asking price, which is the average vendor discount being achieved at the moment.
A $360 per week rent on the median house gives suburb investors a gross yield of circa 3.82%, without taking into account capital value appreciation, which has been averaging out at 2.35%.
Property value increases in Cairns North have tracked close to the QLD average of 0.30% over the last 12 months.
Cairns North,4870 has offered an average of 1.09% return per annum in house price rises to property investors over the last three years.
Vendor discounting in Cairns North is giving property investors an average Vendor Discount of around -6.73%. This puts suburb at number 86th in QLD when ranking the most discounted suburbs.
On average over the past year, suburb has had 15.17 sales per month, which equates to 182 per year.
Cairns North is 11th on a list of best yielding suburbs for rents in QLD with a 7.60% return