Cairns City (postcode 4870) is a smaller residential area in Queensland within the Cairns local government area. With a population of 3,616, the suburb has a settled mid-life population with a median age of 44. Households earn a median income of $85K per year, with an average household size of 1.9 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.0% year-on-year at the LGA level. QLD employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. QLD also had 32 Commonwealth-backed major projects under construction, 12 underway, and 50 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, managers, community & personal service. Employment in the area leans toward accommodation & food and healthcare. The top ancestries reported are English, Australian, Irish.
The median house price in Cairns City is $660,000, having jumped by 20.5% over the past year. Units have a median price of $380,000 (+17.4% YoY). The current median weekly rent is $485. This gives a gross rental yield of approximately 3.8%. The median monthly mortgage repayment is $1,733.
Healthcare facilities include 3 private hospitals. The crime rate in the Cairns LGA is higher than average at 11,007 incidents per 100,000 population.
Looking at the investment signals, Cairns City shows a gross rental yield of approximately 3.8%, rated as moderate yield. Property prices sit below the state median ($660K/$1.1M), which can point to relative value. The price-to-income ratio of 7.8x is considered moderate. House prices have moved +20.5% year-on-year. Population growth of +1.0% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.