Property prices for sale in Cairns (Queensland)

The prices in real estate in Cairns, in the Queensland region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.

$363,495.33
Average price last 6 months
$486.67
Price/m² last 6 months
Average price per m2

The price per m² in Cairns has increased strongly during the last 6 months. In December, the average price per m² was $347. In the following month the price per m² increased considerably to $662. In the following two months the price per m² has increased 115 %, going from $504.5 to $579 per m². The price per m² has had a considerable deflation of 69 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per m² of $541.75 to $376.5 during April, and May.

Average price

Based upon to the price in Cairns (suburbs), this has gone up considerably in the last 6 months. The average price during our first sample month during December, is $275,388. During January the price went through a considerable rise reaching $610,429. During the following two months (February, March) the average price had a considerable reduction of 81 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $400,903.25 to $288,679.5, which means a 72 % fall.

Average price per bedrooms

The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $292,956 they are 49 % more affordable than the average price for Cairns. The properties with the highest average price have 4 bedrooms, Their price is 4 % more costly than the average. After that we have properties with 3 bedrooms priced at $297,488.

With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of $257 / m², with an average $386 / m² price in Cairns. The properties with the highest average prices have 2 bedrooms. They are 32 % more expensive than the average followed by properties with 1 bedroom with a price at $483 / m².

Price per property type

The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $292,956 it is 28 % cheaper than the average price in Cairns. "Flat" is seen as the second most affordable property type. The dearest property type is "Apartment" followed by "Flat". At a price of $429,457 it is 63 % more expensive than the average price.

According to the average cost per m², the cheapest property type is "Apartment" at an average cost of $315 / m² followed by "House" priced at $404 / m². "Flat" is the most costly type of property with a $39,245 / m² cost followed by "House" with an average price of $404 / m².

Charts data
Average price May
Average price per m² May
Number of properties used in Cairns
Number of properties used in region Queensland
$292,956
$386
1,336
92,284
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value