Cairns North at a glance
5,814
People
$732,500
Median sale
$583/wk
Median rent
4.14%
Suburb gross yield
Median sale from 10 recorded sales (last 12 months) — a Districts calculation.
QLD › Cairns North › Lake St
$689,000
For sale
Asking
2
Bedrooms
2
Bathrooms
1
Car spaces
125 m²
Land
Districts View
No upside evidence detected in the data Districts holds for this lot.
No detected risks — but see the checklist: absence of evidence is not an all-clear.
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
Asking
$689,000
Asking · $5,512/m² of land
No recorded sale for this property.
Cairns North at a glance
5,814
People
$732,500
Median sale
$583/wk
Median rent
4.14%
Suburb gross yield
Median sale from 10 recorded sales (last 12 months) — a Districts calculation.
Vs Cairns North
-5.9%
Median sale
Suburb $732,500
+0.26 pp
Gross yield
Suburb 4.14%
Suburb median $732,500 from 10 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
$30,353 on top of the price (4.4% extra)
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.
Pre-filled with Cairns North's advertised median rent — not a rent for this listing.
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.
Planning
Planning data is being calculated
Data unavailable
Source
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 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 exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
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
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
QLDPlanning 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.
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
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.
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.
Gross yield if leased at the suburb aggregate is 4.4%. 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
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.”
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
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
UnknownPlanning layers have not been retrieved for this property yet.
Nearby development pipeline
UnknownNearby development applications are not loaded. This lot’s own applications are a separate question.
Honest achievable rent
KnownlowThis 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
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownDevelopment applications have not been queried for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.
Area
Cairns North at a glance
5,814
People
$732,500
Median sale
$583/wk
Median rent
4.14%
Suburb gross yield
Median sale from 10 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Cairns Property Office CityWhether you're looking for a home with flexibility, a high-performing investment or a combination of both, Apartment 201 offers an opportunity that's increasingly difficult to find in the Cairns market.
Its generous 125m² dual-key design provides the versatility to live in one side while generating income from the other, lease both residences independently, or enjoy the entire apartment as one expansive city home.
Positioned on Level 3 within the tightly held 201 Lake Street complex, complete with a secure car space on title and just moments from the Esplanade, Hospital and CBD, this is a property that works just as hard as you do.
The apartment presents beautifully while retaining the flexibility that makes dual-key living so appealing. Two private balconies invite natural light and cooling sea breezes throughout the home, while glimpses of the Coral Sea provide the perfect reminder that you're living just moments from Cairns' iconic waterfront.
LIFESTYLE WITHOUT COMPROMISE
Occupying a prime position on the edge of the CBD, everything that makes Cairns so desirable is right at your doorstep. Walk to the Esplanade, waterfront restaurants, cafés, shopping precinct, hospital and business district within minutes, then return home to a secure, resort-style complex offering a 20-metre swimming pool, BBQ facilities, rooftop entertaining area and beautifully maintained common grounds.
Whether you're looking for the convenience of city living or a lock-and-leave lifestyle, this location truly delivers.
PROPERTY HIGHLIGHTS:
✔ Spacious 125m² dual-key design offering outstanding flexibility
✔ Rent as one residence or separately to maximise income potential
✔ Freshly painted with updated flooring and modern fixtures
✔ Two private balconies with privacy shutters
✔ Ocean glimpses, natural light and cooling breezes
✔ Air-conditioning throughout
✔ Ensuite-style bathrooms (main with bath, second with oversized shower)
✔ Walk-in robe with mirrored doors
✔ Internal laundry including washer and dryer
✔ Secure basement parking on title with lift access
✔ Major electrical appliances included, furniture negotiable
WHY INVESTORS LOVE THIS PROPERTY:
Few locations in Cairns offer the same level of convenience and consistent tenant demand.
Positioned just moments from Cairns Hospital, the CBD, the Esplanade and James Cook University's expanding health precinct, Apartment 201 sits within one of the city's strongest employment and lifestyle corridors.
The versatile dual-key layout provides multiple ownership options, while the complex allows owners to utilise onsite management for convenience or self-manage and explore short-term accommodation opportunities. Whether your goal is long-term growth, strong rental returns or lifestyle flexibility, this property can be tailored to suit your investment strategy.
Council Rates: Approximately $3,300 per annum
Body Corporate: Approximately $14,900 per annum
Some buyers will see an exceptional lifestyle opportunity. Others will recognise the strength of the investment. The real value lies in the flexibility to enjoy both.
Properties offering this level of space, versatility and location are becoming increasingly difficult to secure within Cairns City.
Contact Naomi Scowcroft today to arrange your private inspection and discover everything Apartment 201 has to offer.
Listing description written by Naomi Scowcroft, Cairns Property Office City — reproduced as published, not verified by Districts.
Also look at
12/211 Lake St, Cairns North QLD 4870
1-bed apartment. Currently listed.
206/331-337 Lake St, Cairns North QLD 4870
2-bed unit. Currently listed.
208/331-337 Lake St, Cairns North QLD 4870
2-bed unit. Currently listed.
U23, 239 Lake St, Cairns North QLD 4870
2-bed unit. Asking $399K.