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QLD › Cairns City › Grafton St

4/157-159 Grafton St, Cairns City QLD 4870

For saleApartment

$500,000

For sale

Asking

2

Bedrooms

1

Bathrooms

0

Car spaces

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $500,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $500,000(Listing record · 30 July 2026)
  • CalculationIf it leased at Cairns City's advertised median rent ($583/wk), implied gross yield would be 6.06% — 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

$500,000

Asking

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
$500,000
Stamp Duty (Queensland)
$15,925
Transfer/Registration Fee
$1,738
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
$521,363

$21,363 on top of the price (4.3% 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
4.56%
Annual cashflow (pre-tax)
$-3,184
Interest cover (DSCR)
0.88
Annual rent
$30,316
Operating expenses
$7,500
Loan amount
$400,000
Annual interest
$26,000
Gross yield
6.06%

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$500,000available30 July 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 6.1%. 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 Grafton St →

Listing material

Listed by Twomey Schriber Property Group

PRIME CAIRNS CBD POSITION - WALK TO WATERFRONT, HOSPITAL & ESPLANADE

GETAWAY ON GRAFTON - THE PERFECT INVESTMENT COMPLEX

An exceptional opportunity to secure a property in one of Cairns' most tightly held lifestyle and tourism precincts.

Positioned within walking distance of the Cairns Esplanade, marina, hospital, dining and entertainment precincts, this contemporary apartment offers the ideal combination of location, flexibility and income potential.

Read the full description

Whether operated as a high-performing holiday rental, executive holiday accommodation, medical stay apartment or lock-and-leave tropical retreat, this property is strategically positioned to benefit from Cairns' year-round visitor economy and strong CBD accommodation demand.

WHY THIS PROPERTY STANDS OUT

• Prime CBD location near the waterfront and marina precinct

• Walking distance to Cairns Hospital and major employment hubs

• Strong appeal for holidaymakers, business travellers and extended stays

• Boutique resort complex of only 24 lots

• Secure, low-maintenance investment

LIFESTYLE AND CONVENIENCE

Enjoy immediate access to:

• Cairns Esplanade Lagoon and waterfront boardwalk

• Reef fleet terminal and marina access

• Cafes, restaurants and nightlife

• Shopping centres and cultural precincts

• Cairns Performing Arts Centre

• Public transport and airport connectivity

• Medical and university facilities

APARTMENT FEATURES

• 2 bedrooms | 1 bathroom | balcony

• Spacious open-plan living and dining

• Functional kitchen with granite benchtops, dishwasher and pantry storage

• New split-system air conditioning to living area and bedrooms

• Internal laundry area with washer and dryer included

• Furnished inventory available

• Wi-Fi and NBN ready

• Secure access and off street parking if available or street parking

• Level 1 position within boutique complex

• Resort Amenities

• Tropical landscaped gardens

• Resort-style swimming pool and spa

• Outdoor BBQ and entertaining area

• Security access

INVESTMENT HIGHLIGHTS

The property is ideally suited for:

• Holiday home/city base/holiday letting/Rentals

• Executive accommodation

• Medical and hospital visitor stays

• Seasonal tourism demand

• Lock-and-leave lifestyle ownership

The combination of CBD convenience, waterfront proximity and resort-style facilities creates broad market appeal and multiple income opportunities throughout the year.

PROPERTY DETAILS

• Body Corporate: $7,833.34 approx p/annum

• Council Rates: $3,266 approx p/annum

• Lot Size: 88m2

• Registered: 2002/03

• Number of Lots: 24

• Zoning: Short Term Accommodation

A strategic Cairns investment in a high-demand accommodation corridor - offering lifestyle flexibility, strong guest appeal and long-term growth potential.

CALL KAZ FOR FURTHER INFORMATION AND INSPECTION TIMES – 0438 324 207

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.

Also look at

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Districts

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

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Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.