306/92-98 Digger Street, Cairns North QLD 4870

Flood overlay detected | 2-bedroom unit priced near house equivalent | Rental yield below 4.5% | Premium for ocean glimpses and pool The flood overlay introduces a quantifiable risk to this unit, potentially increasing insurance premiums and reducing resale liquidity for buyers who do not hold long-term. This cost is balanced by the rare ocean glimpses and secure undercover parking at this price point within a 1.6-acre complex with a pool, but the property demands patient hold periods to offset the yield compression at current valuation. A prudent buyer should approach this as a lifestyle-driven long-term hold, not a short-term flip. The unit’s competitive edge lies in its sought-after Cairns North pocket near the Esplanade, where cooling sea breezes and light-filled open-plan living are scarce at this unit price. The in-ground pool and fully fenced grounds add practical value for owner-occupiers seeking coastal convenience, while reliable NBN and 5G support remote work flexibility. This property serves best as a primary residence for professionals or downsizers who prioritise location and amenity over immediate rental returns. Comparable sales data shows unit 320 in the same complex sold for $445,000 in May 2025, indicating a significant premium for this unit’s ocean glimpses and condition. While no direct prior sale exists for unit 306, the $322,000 gap suggests a location and finish premium that buyers should test through professional valuation before proceeding.