506/6 Lake StreetCairns City QLD 4870
Property Details for 506/6 Lake St, Cairns City
506/6 Lake St, Cairns City is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2005. The property has a land size of 117m2 and floor size of 100m2. While the property is not currently for sale or for rent, it was last sold in June 2005.
Last Listing description (August 2008)
INNER CITY INVESTMENT GROSSING $30,000/ANNUM
This fantastic inner city apartment is the ideal investment for the astute. Located just a block from the city centre, the apartment currently return approximately $30,000 gross per annum!!
Located in the City Quays Resort Apartments complex, this dual key apartment has been designed purposely for maximum rental returns, positioned on the 5th floor with views overlooking Lake Street. The larger of the apartments has been fitted with quality finishes, features full kitchen facilities & a bathtub, boasts a generous size bedroom with built ins and ensuite. Further to that you have your own laundry and spacious lounge room that leads out to your very own balcony. The onsite managers Park Regis offer the unlimited usage to owner's whilst in the rental pool, what a package!
Property History for 506/6 Lake St, Cairns City, QLD 4870
- 21 Aug 2008Listed for Sale $425,000 NEG
- 06 Jun 2005Sold for $365,400
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About 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 3,345 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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