Mount Sheridan (postcode 4868) is a moderately sized suburb in Queensland within the Cairns local government area. The area has roughly 8,678 residents and a mix of families and early-career residents, with a median age of 37. Households earn a median income of $95K per year, with an average household size of 2.7 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, technicians & trades. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are English, Australian, Irish.
Mount Sheridan has a median house price of $550,000, which has grown strongly by 10% year-on-year. Units have a median price of $363,000 (+16.9% YoY). The current median weekly rent is $670. This gives a gross rental yield of approximately 6.3%. The median monthly mortgage repayment is $1,542.
The crime rate in the Cairns LGA is higher than average at 11,007 incidents per 100,000 population.
Looking at the investment signals, Gross rental yield sits at around 6.3% (high yield). Property prices sit below the state median ($550K/$1.1M), which can point to relative value. The price-to-income ratio of 5.8x is considered affordable. House prices have moved +10.0% 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.