Property Prices in Cairns, Australia

Index Info
Price to Income Ratio: 3.36
Mortgage as Percentage of Income: 27.81%
Loan Affordability Index: 3.60
Price to Rent Ratio - City Centre: 15.66
Price to Rent Ratio - Outside of Centre: 9.78
Gross Rental Yield (City Centre): 6.39%
Gross Rental Yield (Outside of Centre): 10.23%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 1,370.00 A$ 1,000.00-1,750.00
Apartment (1 bedroom) Outside of Centre 1,295.00 A$ 900.00-1,680.00
Apartment (3 bedrooms) in City Centre 2,566.67 A$ 2,400.00-2,800.00
Apartment (3 bedrooms) Outside of Centre 2,400.00 A$ 2,000.00-3,000.00
Buy Apartment Price
Price per Square Feet to Buy Apartment in City Centre 442.83 A$ 371.61-492.38
Price per Square Feet to Buy Apartment Outside of Centre 260.13 A$ 195.09-325.16
Salaries And Financing
Average Monthly Net Salary (After Tax) 5,632.08 A$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 5.54 3.05-6.50

These data are based on 36 entries in the past 18 months from 6 different contributors.
Last update: September 2023

Sources and References
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