13/157-159 Grafton Street, Cairns City QLD 4870
13/157-159 Grafton Street, Cairns City QLD 4870
13/157-159 Grafton Street is a 2-bedroom, 2-bathroom apartment with one car space on a 105m² unit title within a 2051m² block. Built around 2016, it sits in Cairns City near the waterfront and hospital, with resort pool and spa access and holiday rental permitted.
This apartment’s competitive strength lies in its dual appeal to both owner-occupiers and investors. The resort-style amenities and waterfront proximity are rare for a unit at this price point within the city, and the holiday rental permit adds income flexibility that many comparable properties lack. Within Cairns City, this unit sits below the premium tier of newer waterfront developments but above basic stock, making it best suited for buyers seeking a well-positioned, amenity-rich property without paying top dollar for absolute frontage. The 6.5% annual growth over the last holding period suggests steady demand.
Several factors may influence value here. The unit’s lower floor level compared to others in the complex could limit views and appeal, potentially capping upside. Holiday rental use may increase wear and turnover, affecting long-term condition. The 105m² land area is modest, meaning value is driven more by location and amenity than land content. Buyers should weigh the trade-off between short-term rental income and the convenience of owner-occupier living in a high-density setting.
Detailed Independent Property Report prepared by PropCred Analyst team for 13/157-159 Grafton Street, Cairns City QLD 4870
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
2
Income Risk
2
Execution Risk
2
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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
2
Parking
1
Land
105m²
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