Manoora (postcode 4870) is a mid-sized suburb in Queensland within the Cairns local government area. With a population of 6,175, the suburb has a blend of families and working-age professionals with a median age of 36. Households earn a median income of $55K per year, with an average household size of 2.2 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 community & personal service, labourers, professionals. Employment in the area leans toward healthcare and accommodation & food. The top ancestries reported are English, Australian, Aboriginal Australian.
Median house prices in Manoora stand at $488,000, having risen steeply by 20.4% over the last twelve months. Units have a median price of $276,000 (+17.2% YoY). The current median weekly rent is $470. This gives a gross rental yield of approximately 5.0%. The median monthly mortgage repayment is $1,100.
The crime rate in the Cairns LGA is higher than average at 11,007 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 5.0% (high yield). Property prices sit below the state median ($488K/$1.1M), which can point to relative value. The price-to-income ratio of 8.9x is considered moderate. House prices have moved +20.4% 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.