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QLD › Cairns City › Lake St

353/175 Lake St, Cairns City QLD 4870

For saleUnit

$300,000

For sale

Asking

1

Bedrooms

1

Bathrooms

0

Car spaces

52 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $300,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $300,000(Listing record · 4 Aug 2026)
  • FactLand 52 m²; no building size recorded.(Property record)
  • CalculationIf it leased at Cairns City's advertised median rent ($583/wk), implied gross yield would be 10.11% — this is not a rent for this listing.(Districts scenario calculation)

What could make it worth more?

No upside evidence detected in the data Districts holds for this lot.

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

  1. 1Official planning layers are still retrieving for this parcel — check back before relying on zoning or overlay absence.
  2. 2No hazard layer has been retrieved — confirm flood, bushfire and heritage exposure from council mapping before an offer.

Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.

Price evidence

The ask against the evidence

Asking

$300,000

Asking · $5,769/m² of land

No recorded sale for this property.

Cairns City at a glance

3,913

People

No data

Median sale

$583/wk

Median rent

No data

Suburb gross yield

See the full Cairns City report →

Total cost to purchase

Purchase Price
$300,000
Stamp Duty (Queensland)
$8,925
Transfer/Registration Fee
$807
Mortgage Registration (est., if financed)
$200
Legal & Conveyancing (est.)
$2,000
Building & Pest Inspection (est.)
$700
Rates & Water Adjustment at Settlement (est.)
$800
Total cash required
$313,432

$13,432 on top of the price (4.5% extra)

  • Stamp Duty (Queensland)
  • Transfer/Registration Fee
  • Mortgage Registration
  • Legal & Conveyancing
  • Building & Pest Inspection
  • Rates & Water Adjustment

Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.

Stamp duty and transfer fees: Queensland schedules from 2026-07-01. Ongoing council rates and land tax are not included.

Rental yield

Pre-filled with Cairns City's advertised median rent — not a rent for this listing.

Net yield
8.61%
Annual cashflow (pre-tax)
$10,216
Interest cover (DSCR)
1.65
Annual rent
$30,316
Operating expenses
$4,500
Loan amount
$240,000
Annual interest
$15,600
Gross yield
10.11%

Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.

Open the full yield calculator →

Planning

Planning and development

Planning data is being calculated

Development activity

Data unavailable

Source

  • Provider: unavailable
  • Dataset: unavailable
  • Retrieved: not yet retrieved
  • Version: planning-v1

Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.

Site

Terrain

Terrain has not been calculated for this property yet.

Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.

Flood, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Heritage

Not retrieved

Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.

For more information on this property, visit Queensland Globe↗.

Records

Property history

  1. Listed$300,000available4 Aug 2026

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

QLD

Why this lot, not just this suburb

Why could this property outperform?

Planning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.

What could kill that thesis?

Confidence: low

Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Nearby development applications are not loaded. This lot’s own applications are a separate question.

Rental

Income, competition, and yield

What will it realistically rent for?

Confidence: low

No advertised rent is recorded. Suburb median rent $583/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms. No recorded off-street parking — often a discount versus the suburb median for the same beds.

What competition will it face?

Current comparable rental listings within 400 m of this lot are not loaded. Nearby development applications are not loaded. This lot’s own applications are a separate question. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.

What does the yield actually look like?

Confidence: low

Gross yield if leased at the suburb aggregate is 10.1%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. Net yield / holding costs are not estimated outside NSW without inventing land tax.

Verdict

What this means for this property

Districts view

Not enough official evidence yet to underwrite this as an investment.

Detail

The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”

Read more

Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.

The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.

Evidence

What is known for this property

Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.

1 of 10 questions answered so far

  • Development optionality of this lot

    Unknown

    Planning layers have not been retrieved for this property yet.

  • Nearby development pipeline

    Unknown

    Nearby development applications are not loaded. This lot’s own applications are a separate question.

  • Honest achievable rent

    Knownlow

    This is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.

  • Rental supply pressure

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Unknown

    The constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.

  • Lot-level flood

    Unknown

    Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    Development applications have not been queried for this parcel.

  • Statutory land value versus ask

    Unknown

    Statutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.

  • Net yield / holding costs

    Unknown

    Net yield / holding costs are not estimated outside NSW without inventing land tax.

Area

Cairns City in one glance

Cairns City at a glance

3,913

People

No data

Median sale

$583/wk

Median rent

No data

Suburb gross yield

See the full Cairns City report →

Keep researching

  • Why Cairns City? Read the area thesis →
  • What else is on the market in Cairns City →
  • Other records on Lake St →

Listing material

Listed by Twomey Schriber Property Group

LOCATION, LIFESTYLE, RETURNS - TOP FLOOR - CLOSE TO WATERFRONT

Experience the very best of tropical living with this stylish top-floor, one-bedroom apartment, ideally positioned in the heart of Cairns' vibrant CBD.

Offering an unbeatable combination of lifestyle, location, and investment potential, this is an opportunity not to be missed.

Perfectly located within walking distance of the iconic Cairns Esplanade and Lagoon, Cairns Hospitals, Cairns Aquarium, Cairns Performing Arts Centre, restaurants, cafés, shopping, and beautifully landscaped parklands, the apartment sits in one of Cairns' most sought-after tourist precincts.

Read the full description

Currently operating under the professional onsite holiday letting management, the property delivers strong short-stay returns with excellent year-round occupancy, making it an attractive investment for both domestic and international tourism.

ELEVATED CBD LIVING – PRIVACY – TURNKEY INVESTMENT

• Prime top-floor position offering privacy, natural light, and elevated views

• Inventory of furnishings

• Open-plan living

• Air conditioning to living and bedroom

• Updated Kitchen

• Separate laundry

• Balcony capturing tropical breezes and lovely views

• Resort-style swimming pool, heated with spa

• Covered entertainment area with barbeque, dining area

• Secure complex with security access and parking

• Reasonable body corporate fees

• Stair access only (no lift)

UNBEATABLE LOCATION - CLOSE TO WATERFRONT, CITY CENTRE, HOSPITALS

Enjoy leisurely walks to:

• Esplanade boardwalk and parklands

• Cairns Lagoon, Ferris Wheel

• Cairns Marlin Marina and Cruiseliner Terminal

• Muddies playground and café

• Cairns Aquarium, Cairns Performing Arts Centre, Munro Martin Parklands

• Cairns Casino, Cairns Central Shopping Centre

• Restaurants, cafes, shopping and entertainment

• Cairns Base Hospital and Cairns Private Hospital

Whether you're looking to expand your investment portfolio, secure a high-performing holiday rental, or own your own tropical escape that can generate income while you're away, this apartment delivers outstanding value in one of Cairns' most desirable CBD locations.

Enquire today to receive our comprehensive property brochure and arrange your private inspection.

BODY CORPORATE LEVIES: $7,206.74 approx per annum

COUNCIL RATES: $1,750.50 (Current 6 month levy 1/7/26 to 31/12/26)

NO. OF LOTS IN COMPLEX: 48

DATE REGISTERED: 2005

SIZE OF LOT: 52M2

TENANCY: Currently holiday let

All information contained herein is gathered from sources we believe to be reliable. This Office and its Agent provide no guarantees or undertakings concerning the accuracy, completeness, or current nature of the information and disclaim all liability in respect of any errors, inaccuracies or misstatements contained herein. Prospective purchasers must undertake their own due diligence, enquiries and assume various searches to verify the information contained herein.

Listing description written by Kaz Hartley, Twomey Schriber Property Group — reproduced as published, not verified by Districts.

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Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

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