Cairns Regional CouncilEconomic profile
Skip to content

Cairns

Rental listings

At June 2017, Cairns had a median house rental of $410, $25 higher than the median house rental for Queensland.

Housing valuation and rental data are a measure of the economic desirability of living in the local area. High and increasing rents are an indication of a strong economy and a desirable area, with access to jobs and services. Units are more commonly rented than houses, and renters tend to be younger than home owners on average. People may rent to be close to employment, entertainment and services, or they may rent while saving to buy a home.

Housing prices often factor in a home ownership premium, but rental costs are a more direct measure of the time-value of living in the area. Increases in rents often have a more direct relationship to employment and demand for housing.

Hometrack 2013-2017, Automated Valuation System

Rental listings
Cairns20172013Change
Housing value (at June)CairnsQueenslandCairns relative to QueenslandCairnsQueenslandCairns relative to Queensland2013 to 2017
House--------------
First Quartile$370$310+19.4%$340$330+3.0%+$30
Median$410$385+6.5%$390$390+0.0%+$20
Third Quartile$465$470-1.1%$450$470-4.3%+$15
Median Rental Yield5.4%4.9%--5.8%5.5%----
Unit--------------
First Quartile$240$275-12.7%$220$280-21.4%+$20
Median$280$345-18.8%$260$335-22.4%+$20
Third Quartile$330$420-21.4%$305$400-23.8%+$25
Median Rental Yield7.6%5.5%--7.5%5.8%----

Source: Hometrack 2011-2016, Automated Valuation System.

Rental listings, 2017
Rental listings, 2017 Third Quartile, Queensland: $420 Median, Queensland: $345 First Quartile, Queensland: $275 Third Quartile, Queensland: $470 Median, Queensland: $385 First Quartile, Queensland: $310 Third Quartile, Cairns: $330 Median, Cairns: $280 First Quartile, Cairns: $240 Third Quartile, Cairns: $465 Median, Cairns: $410 First Quartile, Cairns: $370
Source: Hometrack 2011-2016, Automated Valuation System
Change in rental listings, 2013 to 2017
Change in rental listings, 2013 to 2017 Third Quartile, Queensland: $20 Median, Queensland: $10 First Quartile, Queensland: $-5 Third Quartile, Queensland: $0 Median, Queensland: $-5 First Quartile, Queensland: $-20 Third Quartile, Cairns: $25 Median, Cairns: $20 First Quartile, Cairns: $20 Third Quartile, Cairns: $15 Median, Cairns: $20 First Quartile, Cairns: $30
Source: Hometrack 2011-2016, Automated Valuation System

To continue building your economic story go to...

v18.07.11-1.0.0