Property Prices in Cairns, Australia

Index Info
Price to Income Ratio: 5.68
Mortgage as Percentage of Income: 42.91%
Loan Affordability Index: 2.33
Price to Rent Ratio - City Centre: 21.18
Price to Rent Ratio - Outside of Centre: 13.77
Gross Rental Yield (City Centre): 4.72%
Gross Rental Yield (Outside of Centre): 7.26%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 1,127.50 A$ 550.00-1,480.00
Apartment (1 bedroom) Outside of Centre 1,044.24 A$ 700.00-1,350.00
Apartment (3 bedrooms) in City Centre 1,558.74 A$ 1,000.00-2,100.00
Apartment (3 bedrooms) Outside of Centre 1,476.09 A$ 1,304.35-1,956.52
Buy Apartment Price
Price per Square Feet to Buy Apartment in City Centre 433.54 A$ 278.71-696.77
Price per Square Feet to Buy Apartment Outside of Centre 263.22 A$ 139.35-418.06
Salaries And Financing
Average Monthly Net Salary (After Tax) 3,300.00 A$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 4.44 3.25-6.00

These data are based on 36 entries in the past 18 months from 7 different contributors.
Last update: March 2021

Sources and References
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