Cairns
Why Cairns?
Cairns is a vibrant tropical city in Far North Queensland with a strong, diverse economy driven by tourism, education, healthcare, and ongoing infrastructure upgrades. Its well-connected airport, expanding road network, and rising population make it a strategic and liveable investment destination.
Investment Highlight
Median house price: A$745,412 as of 2024, up 7% annually
Median unit price: A$369,418 to A$375,000, with 10–19% yearly growth
Rental yields: Houses yield 4.8% to 6.2%, and units yield 6.2% to 7.9%, with select suburbs delivering up to 8.4%
Strong demand: Rental vacancy rates hover around 0.8%, driven by a growing population and strong tourism
Major projects: Multi-million-dollar upgrades to Cairns Airport, the Western Arterial Road, and continued investment in health and education
Approximate Cost
Median house price: A$745,412
Median unit price: A$369,418 to A$375,000
Rental yields:
-Houses: 4.8% to 6.2%
-Units: 6.2% to 7.9%
Vacancy rate: Approximately 0.8%
Ideal For? Cairns is ideal for investors looking for stable capital growth and high yields in a tropical, high-demand location. It suits first-home buyers after affordable, liveable properties, as well as businesses and developers capitalizing on the region’s expanding infrastructure. The city is also perfect for those in tourism, healthcare, education, and renewable energy sectors who want to grow alongside a thriving regional economy.
