Freshwater is a smaller suburb in Queensland within the Cairns local government area (postcode 4870). With a population of 2,142, the suburb has an established demographic with a median age of 42. Households earn a median income of $97K per year, with an average household size of 2.3 people. The most common occupations are professionals, managers, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in Freshwater is $780,000, having grown strongly 9.1% over the past year. Units have a median price of $375,000 (+10.3% YoY). The current median weekly rent is $550. This gives a gross rental yield of approximately 3.7%. The median monthly mortgage repayment is $1,625.
Freshwater is served by 1 school, including 1 primary. The average ICSEA score is 1064, which is above the national average of 1,000. The crime rate in the Cairns LGA is higher than average at 10,917 incidents per 100,000 population.
From an investment perspective, Freshwater offers a gross rental yield of 3.7%, rated as moderate yield. Property prices are near the state median ($780K/$1.1M). The price-to-income ratio of 8.0x is considered moderate. House prices have moved +9.1% year-on-year.
Freshwater is a smaller suburb in Queensland within the Cairns local government area (postcode 4870). With a population of 2,142, the suburb has an established demographic with a median age of 42. Households earn a median income of $97K per year, with an average household size of 2.3 people. The most common occupations are professionals, managers, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in Freshwater is $780,000, having grown strongly 9.1% over the past year. Units have a median price of $375,000 (+10.3% YoY). The current median weekly rent is $550. This gives a gross rental yield of approximately 3.7%. The median monthly mortgage repayment is $1,625.
Freshwater is served by 1 school, including 1 primary. The average ICSEA score is 1064, which is above the national average of 1,000. The crime rate in the Cairns LGA is higher than average at 10,917 incidents per 100,000 population.
From an investment perspective, Freshwater offers a gross rental yield of 3.7%, rated as moderate yield. Property prices are near the state median ($780K/$1.1M). The price-to-income ratio of 8.0x is considered moderate. House prices have moved +9.1% year-on-year.