Cairns Regional CouncilEconomic profile
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At June 2017, Cairns had a median house valuation of $396,188, $63,165 lower than the median house valuation for Queensland.

Housing valuation and rental data are a measure of the economic desirability of living in the local area. High housing prices usually indicate access to high-paid jobs and a very desirable area. However they can present issues in attracting and retaining key lower skilled workers. Lower housing prices indicate less demand and may be an asset for attracting people to live in the area. However they can also indicate lower paid and lower skilled jobs or a declining economy.

Housing prices often factor in a home ownership premium due to expected capital growth and the ability to customise the property, but rental costs are a more direct measure of the immediate economic value of living in the area. Increases in rents often have a more direct relationship to employment and demand for housing.

Hometrack 2013-2017, Housing Valuation System

Housing values
Cairns20172013Change
Housing value (at June)CairnsQueenslandCairns relative to QueenslandCairnsQueenslandCairns relative to Queensland2013 to 2017
House--------------
First Quartile$332,289$318,187+4.4%$290,951$303,498-4.1%+$41,338
Median$396,188$459,353-13.8%$338,463$398,530-15.1%+$57,725
Third Quartile$485,515$632,943-23.3%$404,053$512,407-21.1%+$81,462
Unit--------------
First Quartile$162,382$273,293-40.6%$154,276$253,719-39.2%+$8,106
Median$219,415$353,056-37.9%$196,161$315,561-37.8%+$23,254
Third Quartile$282,307$443,936-36.4%$256,537$390,486-34.3%+$25,770

Source: Hometrack 2011-2016, Housing Valuation System.

Housing values, 2017
Housing values, 2017 Third Quartile, Queensland: $443,936 Median, Queensland: $353,056 First Quartile, Queensland: $273,293 Third Quartile, Queensland: $632,943 Median, Queensland: $459,353 First Quartile, Queensland: $318,187 Third Quartile, Cairns: $282,307 Median, Cairns: $219,415 First Quartile, Cairns: $162,382 Third Quartile, Cairns: $485,515 Median, Cairns: $396,188 First Quartile, Cairns: $332,289
Source: Hometrack 2011-2016, Housing Valuation System
Change in housing values, 2013 to 2017
Change in housing values, 2013 to 2017 Third Quartile, Queensland: $53,450 Median, Queensland: $37,495 First Quartile, Queensland: $19,574 Third Quartile, Queensland: $120,536 Median, Queensland: $60,823 First Quartile, Queensland: $14,689 Third Quartile, Cairns: $25,770 Median, Cairns: $23,254 First Quartile, Cairns: $8,106 Third Quartile, Cairns: $81,462 Median, Cairns: $57,725 First Quartile, Cairns: $41,338
Source: Hometrack 2011-2016, Housing Valuation System

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