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Overview
This expansive property near the Cairns CBD presents a compelling investment opportunity with its strong income potential through multiple streams and high demand.
Strategically positioned within one of the closest residential pockets to the city centre, it appeals to both long-term tenants and short-stay guests due to its convenient proximity to Cairns Central shopping, schools, sports facilities, and the vibrant dining precincts. This location fosters consistent occupancy and rental reliability.
The property’s layout enhances flexibility and revenue generation. The upper level offers a six-bedroom residence featuring spacious front and rear decks, open plan living areas, a large kitchen, two bathrooms, and enclosed verandahs—an ideal setup for accommodating larger group bookings, which are currently undersupplied in this market.
The lower level contains three self-contained two-bedroom, one-bathroom units, each delivering a minimum of $600 per week through month-long stays and currently tenanted with successful operation on short-stay platforms, ensuring immediate income flow.
Additional features include a substantial 13kw solar system, a 15kw battery backup, and an EV charger, supporting sustainability and reducing running costs.
With its proven performance, diverse revenue channels, and a location that guarantees continuous demand, this property is a strategically valuable acquisition for investors prioritising both cash flow and position in the Cairns market. Properties with such income capabilities near the CBD are rarely available.
Local Market Insights
In Parramatta Park, Quiet Listings observed 54 new houses entering the market over the last 30 days, up from 41 during the previous 30-day period, with an average advertised asking price of $1,051,417. The property type mix of listed properties is predominantly Houses at 44%, followed by apartments (16%), and units (12%). Ray White was the most active agency in this area, representing 27.8% of all new listings in the last 30 days. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Parramatta Park QLD 4870
Market Insights for Parramatta Park QLD 4870
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