Located in Queensland within the Cairns local government area, Clifton Beach is a smaller suburb (postcode 4879). With a population of 3,192, the suburb has a mature demographic with a median age of 48. Households earn a median income of $77K per year, with an average household size of 2.3 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, community & personal service, managers. Employment in the area leans toward healthcare and accommodation & food. The top ancestries reported are English, Australian, Irish.
Median house prices in Clifton Beach stand at $785,000, having posted strong gains by 6.1% over the last twelve months. Units have a median price of $410,000 (+5.1% YoY). The current median weekly rent is $620. This gives a gross rental yield of approximately 4.1%. The median monthly mortgage repayment is $1,820.
The crime rate in the Cairns LGA is higher than average at 11,007 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 4.1%, which reads as moderate yield. Property prices are near the state median ($785K/$1.1M). The price-to-income ratio of 10.2x is considered stretched. House prices have moved +6.1% 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.