2/161-163 Grafton StreetCairns City QLD 4870
Property Details for 2/161-163 Grafton St, Cairns City
2/161-163 Grafton St, Cairns City is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1985. The property has a land size of 49m2. While the property is not currently for sale or for rent, it was last sold in December 2015.
Last Listing description (February 2016)
Positioned in the city hub this unit speaks to the property adage of location, location, location ! It provides a unique opportunity to investment within the neighbouring growth corridor currently underway in core industries like tourism, increasing spending on infrastructure and efforts to accommodate high demand for health care in an aging population.
Investment in recent projects by government and development groups speaks to the desirability and demand for this immediate location making it the perfect investment opportunity.
Cairns Hospital $464.6 million upgrade 2 minutes from unit 700m
Cairns International Airport $1 billion upgrade 7 minutes from unit 5.1km
An appealing investment which will suite those looking to enter the property market or expand their portfolio currently renting at $220 per week until August 2016 now is the time to act!
Simplistic in design features include;
-Open plan kitchen / dining / living
-Low maintenance brick and tile
-Main bedroom with built in robe and air conditioning
-Tropical pool in complex
-Low body corporate fees
This is the ultimate set and forget investment property. Priced to sell, do not hesitate to book your private inspection today!
Property History for 2/161-163 Grafton St, Cairns City, QLD 4870
- 10 Dec 2015Sold for $150,000
- 01 Dec 2015Listed for Sale $150,000
- 26 Jun 2009Listed for Rent - Price not available
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0About Cairns City 4870
The size of Cairns City is approximately 2.1 square kilometres. It has 3 parks covering nearly 6.3% of total area. The population of Cairns City in 2011 was 2,180 people. By 2016 the population was 2,739 showing a population growth of 25.6% in the area during that time. The predominant age group in Cairns City is 20-29 years. Households in Cairns City are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Cairns City work in a professional occupation. In 2011, 45.6% of the homes in Cairns City were owner-occupied compared with 46.4% in 2016.
Cairns City has 3,346 properties. Over the last 5 years, Houses in Cairns City have seen a 27.27% increase in median value, while Units have seen a 51.97% increase. As at 31 October 2024:
- The median value for Houses in Cairns City is $509,824 while the median value for Units is $540,509.
- Houses have a median rent of $630 while Units have a median rent of $560.
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