Cairns Rental Yields on the Rise!

Put simply, the Rental Yield is essentially the % amount of money you can expect to earn on an investment property. As a Property Investor, you expect your Rental Yield to always be rising regardless of the market value of your investment. The Cairns Investment market is experiencing high demand for rentals, giving Investors the opportunity to capitalise with High Rental Yields.

Cairns is in a positive position with regards to investments compared to the southern capital cities, with Sydney retuning an average of 3.5% Gross Rental Yield and Melbourne returning an average of 2.5% Gross Rental Yield. Cairns however; a good rental yield for buy to let property is 5.5% or more so these Rental Yields are still quite low in comparison. 

There are certain Suburbs in Cairns are offering between 5-7.5% Gross Rental Yield which is a pretty good settling point also; more specifically White Rock is at 6.6%, Manoora at 6.1%, Mooroobool at 5.8% and Redlynch at 5.1%.

While the first 6 months of 2019 could be described as a flat market with regards to property sales, some of the highest Capital Growth over a 5-year period based on the median sales prices are; 

Westcourt at 29.2%

Earlville at 26.4%

Freshwater at 21.8%

Palm Cove at 19.6%

 Also, while worrying about the yields of investment properties, compare your investment with High Interest Savings Accounts. At the moment the highest Interest Savings Accounts are averaging 2 to 2.75% per annum. Savings accounts are specifically designed to help your savings grow faster, choosing the correct one is vital for investment success.

If you own an Investment Property in the Cairns Region and would like an obligation FREE Investment Health Check or; if you are interested in re-investing into a higher yielding suburb please call me on 0402 483 818 or email david@elitecairns.com.au