1/200 Grafton Street, Cairns City QLD 4870
1/200 Grafton Street, Cairns City QLD 4870
Ground-floor unit in Cairns City | 61m² with secure parking and pool | strong school catchment | priced below suburb median
This property presents a compelling entry point into the Cairns City market for a buyer seeking a well-positioned, low-maintenance unit. The ground-floor configuration with secure parking and access to an in-ground pool is a genuine differentiator in this price bracket, offering convenience and lifestyle appeal that typically commands a premium. Its location within the catchment of Cairns State High School, only 200 metres away, adds a layer of demand from families and investors that supports long-term value stability.
The primary risk is the building’s age—constructed in 1976—which may introduce future maintenance levies or special assessments, though no current overlays or known structural issues are flagged. The opportunity lies in the clear discount to the suburb median of $585,000 for two-bedroom units, suggesting room for capital growth as the area continues to attract owner-occupiers and renters alike. The 55% owner-occupier ratio in the building is a positive signal for building care and community stability.
Detailed Independent Property Report prepared by PropCred Analyst team for 1/200 Grafton Street, Cairns City QLD 4870
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
2
Income Risk
Execution Risk
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Market Insight
Cairns North is a tightly held suburb prized for its proximity to the CBD and key infrastructure. Demand is intensely competitive, driven by first home buyers and interstate lifestyle migrants, all contending with a chronic housing undersupply. This has fuelled exceptionally strong recent price growth, with properties selling rapidly in a low-vacancy environment. Future growth is underpinned by major infrastructure projects, though the primary constraint remains the acute shortage of available housing stock.
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PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
1
Land
67m²
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