Cairns is Australia's tropical gateway, renowned for the Great Barrier Reef and Daintree Rainforest tourism. A diverse economy spanning tourism, agriculture and mining services underpins a property market with high rental demand and solid long-term growth prospects. At the current $478k median house price, an 80% loan at 6.25% over 30 years is about $2,355 per month.
| Median house price | $478,000 |
|---|---|
| Median unit price | $310,000 |
| Estimated monthly repayment | $2,355 at 80% LVR, 6.25%, 30 years |
| Annual price growth | 5.2% |
| Gross rental yield | 5.5% |
| Typical days on market | 28 |
Calculate repayments, stamp duty, LMI and upfront costs for Cairns, QLD. Request mortgage broker help if you want suitable lender policy, rates and fees compared for your situation.
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