Cairns Regional CouncilEconomic profile
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Cairns

Housing valuation

At June 2018, Cairns had a median house valuation of $399,461, $58,899 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
Cairns20182014Change
Housing value (at June)CairnsQueenslandCairns relative to QueenslandCairnsQueenslandCairns relative to Queensland2014 to 2018
House--------------
First Quartile$335,895$316,285+6.2%$310,356$316,236-1.9%+$25,539
Median$399,461$458,360-12.8%$363,655$418,290-13.1%+$35,806
Third Quartile$487,334$639,156-23.8%$436,934$543,256-19.6%+$50,400
Unit--------------
First Quartile$156,919$273,559-42.6%$160,567$262,692-38.9%-$3,648
Median$214,266$356,880-40.0%$205,827$328,583-37.4%+$8,439
Third Quartile$272,262$444,896-38.8%$269,877$408,410-33.9%+$2,385

Source: Hometrack 2014-2018, Housing Valuation System.

Housing values, 2018
Housing values, 2018 Third Quartile, Queensland: $444,896 Median, Queensland: $356,880 First Quartile, Queensland: $273,559 Third Quartile, Queensland: $639,156 Median, Queensland: $458,360 First Quartile, Queensland: $316,285 Third Quartile, Cairns: $272,262 Median, Cairns: $214,266 First Quartile, Cairns: $156,919 Third Quartile, Cairns: $487,334 Median, Cairns: $399,461 First Quartile, Cairns: $335,895
Source: Hometrack 2014-2018, Housing Valuation System
Change in housing values, 2014 to 2018
Change in housing values, 2014 to 2018 Third Quartile, Queensland: $36,486 Median, Queensland: $28,297 First Quartile, Queensland: $10,867 Third Quartile, Queensland: $95,900 Median, Queensland: $40,070 First Quartile, Queensland: $49 Third Quartile, Cairns: $2,385 Median, Cairns: $8,439 First Quartile, Cairns: $-3,648 Third Quartile, Cairns: $50,400 Median, Cairns: $35,806 First Quartile, Cairns: $25,539
Source: Hometrack 2014-2018, Housing Valuation System

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