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QLD › Cairns North › Mcleod

U6, 361-363 Mcleod, Cairns North QLD 4870

For saleApartment

$474,000

For sale

Asking

2

Bedrooms

1

Bathrooms

1

Car spaces

104 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $474,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $474,000(Listing record · 8 July 2026)
  • FactLand 104 m²; no building size recorded.(Property record)
  • CalculationAsk is 35% below the Cairns North median recorded sale ($732,500, n=10, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Cairns North's advertised median rent ($583/wk), implied gross yield would be 6.40% — 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

$474,000

Asking · $4,558/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.

See the full Cairns North report →

Vs Cairns North

-35.3%

Median sale

Suburb $732,500

+2.26 pp

Gross yield

Suburb 4.14%

Suburb median $732,500 from 10 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Purchase Price
$474,000
Stamp Duty (Queensland)
$15,015
Transfer/Registration Fee
$1,645
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
$494,360

$20,360 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 North's advertised median rent — not a rent for this listing.

Net yield
4.90%
Annual cashflow (pre-tax)
$-1,442
Interest cover (DSCR)
0.94
Annual rent
$30,316
Operating expenses
$7,110
Loan amount
$379,200
Annual interest
$24,648
Gross yield
6.40%

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$474,000available8 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.

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 6.4%. 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

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 North in one glance

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.

See the full Cairns North report →

Keep researching

  • Why Cairns North? Read the area thesis →
  • What else is on the market in Cairns North →
  • Other records on Mcleod →

Listing material

Listed by Cairns Property Office City

Now Offers Over $474,000

Perfectly positioned in one of Cairns North's most convenient and desirable locations, this spacious first-floor Furnished apartment presents an outstanding opportunity for first home buyers, downsizers, and savvy investors alike. Offering generous proportions, privacy, and a low-maintenance lifestyle, this is a property that delivers exceptional value in a tightly held location.

Nestled at the quiet northern end of McLeod Street, you'll enjoy the convenience of being just minutes from the Cairns CBD, Esplanade, Cairns Airport, hospitals, and the vibrant Edge Hill precinct, renowned for its cafés, restaurants, and the stunning Cairns Botanic Gardens.

Inside, the apartment features a spacious open-plan living and dining area that flows effortlessly onto a private, secure balcony — an ideal place to enjoy your morning coffee or unwind at the end of the day. The well-appointed kitchen offers excellent storage, while both generously sized bedrooms include built-in wardrobes and air-conditioning for year-round comfort.

Read the full description

The functional bathroom is complemented by a separate toilet, while an internal laundry, security screens, and a secure lock-up garage add to the home's practicality. Residents also enjoy access to the complex's sparkling in-ground swimming pool, completing the relaxed tropical lifestyle on offer.

PROPERTY HIGHLIGHTS

First-floor apartment in a boutique complex of only 9 residences

Fully Furnished

Two generous bedrooms with built-in wardrobes and split air-conditioning

Spacious open-plan living and dining area

Private, secure balcony with an eastern outlook

Well-appointed kitchen with ample storage

Functional bathroom with separate toilet

Internal laundry with full appliances

Security screens throughout

Automated single lock-up garage

Resort-style in-ground swimming pool

Quiet, well-maintained complex

INVESTOR SNAPSHOT

Rates - $3300 approx. p.a

Body Corporate - $5300 approx. p.a

Rental Appraisal $550-$580 per week

LOCATION HIGHLIGHTS

Minutes to the Cairns CBD and Esplanade

Short drive to Cairns Airport

Close to Cairns Hospital

Moments from the Edge Hill café and restaurant precinct

Near the Cairns Botanic Gardens, Centenary Lakes, and Red Arrow walking tracks

Close to schools, shopping, and public transport

Whether you're looking to move straight in, downsize, or secure a quality investment in a sought-after suburb, this well-located apartment offers the perfect combination of lifestyle, convenience, and long-term value.

Listing description written by JD Joubert, Cairns Property Office City — reproduced as published, not verified by Districts.

Property features

  • Air Conditioning
  • Built-in Robes
  • Dishwasher
  • Living Areas: 2
  • In-Ground Pool

Also look at

Also for sale in Cairns North

  • 3/172 Mcleod St, Cairns North QLD 4870

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  • 214/191 Mcleod St, Cairns North QLD 4870

    2-bed apartment. Currently listed.

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  • 318 Mcleod St, Cairns North QLD 4870

    5-bed house for sale. Currently listed.

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  • U8, 215 Mcleod St, Cairns North QLD 4870

    2-bed unit. Asking $424K.

    For sale
Districts

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

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