Mount Sheridan is a mid-sized suburb in Queensland within the Cairns local government area (postcode 4868). With a population of 8,678, the suburb has a mix of young professionals and families with a median age of 37. Households earn a median income of $95K per year, with an average household size of 2.7 people. The most common occupations are professionals, community & personal service, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Mount Sheridan is $550,000, having grown strongly 10% over the past year. Units have a median price of $363,000 (+16.9% YoY). The current median weekly rent is $650. This gives a gross rental yield of approximately 6.1%. The median monthly mortgage repayment is $1,542.
The crime rate in the Cairns LGA is higher than average at 10,917 incidents per 100,000 population.
From an investment perspective, Mount Sheridan offers a gross rental yield of 6.1%, rated as high yield. Property prices sit below the state median ($550K/$1.1M), suggesting a potential value opportunity. The price-to-income ratio of 5.8x is considered affordable. House prices have moved +10.0% year-on-year.
Mount Sheridan is a mid-sized suburb in Queensland within the Cairns local government area (postcode 4868). With a population of 8,678, the suburb has a mix of young professionals and families with a median age of 37. Households earn a median income of $95K per year, with an average household size of 2.7 people. The most common occupations are professionals, community & personal service, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Mount Sheridan is $550,000, having grown strongly 10% over the past year. Units have a median price of $363,000 (+16.9% YoY). The current median weekly rent is $650. This gives a gross rental yield of approximately 6.1%. The median monthly mortgage repayment is $1,542.
The crime rate in the Cairns LGA is higher than average at 10,917 incidents per 100,000 population.
From an investment perspective, Mount Sheridan offers a gross rental yield of 6.1%, rated as high yield. Property prices sit below the state median ($550K/$1.1M), suggesting a potential value opportunity. The price-to-income ratio of 5.8x is considered affordable. House prices have moved +10.0% year-on-year.