Cairns home sales rise, but yields fall: CoreLogic RP Data

The number of Cairns homes that sold in the year to November 2014, was 5% higher over the 12 month period, according to CoreLogic RP Data.

The majority of the rise was attributed to the increase in units that sold over the year.

House sales were 1% higher over the period, while unit sales were up 12% year on year.

Cairns home values have increased over the year, up 5.8% for houses and 3.0% for units, while since December 2009, house values are only 1.2% higher and unit values have fallen by 6.9%.

Rental yields have fallen slightly over the 12 months to December, however they still remain relatively strong at 5.5% for houses and 7.1% for units. 

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Source: CoreLogic RP Data