Mildura offers a materially higher gross yield (5.1% vs 4.5%), making it the stronger income candidate at current prices. Both markets carry similar cashflow positions under current yield and interest rate assumptions.
Research context only. Not financial advice. Both markets carry distinct risks specific to their location, employment base, and economic profile. Read the individual suburb research pages before drawing conclusions. All policy references reflect proposed changes subject to final legislation.
| Metric | Cairns QLD · #29 | Mildura VIC · #24 |
|---|---|---|
| Gross Yield | 4.5% | 5.1% |
| Vacancy Rate | 1.1% | 1.3% |
| Median Price | $613k | $500k |
| Weekly Rent | $525/wk | $490/wk |
| Net pre-costs pa | $-4,550 | $-520 |
| Cashflow | Slightly-Negative | Near-Positive |
| Rent Growth 12m | +6.8% | +5% |
| Price Growth 12m | +9.4% | +5.5% |
| NG Dependence | Medium | Low |
| Discovery Status | Known | Known |
| Population | 160k | 57k |
| Cycle Stage | Early-Mid | Early-Mid |
| Policy Impact | ◆ NEUTRAL | ▲ UPGRADED |
| Signal Score | 52 / Tier 2 | 54 / Tier 2 |
Cairns is Australia's gateway to the Great Barrier Reef — a major international tourism hub with Cairns Airport as a primary employer alongside healthcare (Cairns Hospital) and government services. Residential rental demand is underpinned by permanent resident workers, not purely tourism workers. At $612,500 and $525/wk, cashflow is slightly negative at standard LVR. Vacancy at 1.1% is tight. Note: broader Cairns LGA median house prices are materially higher than the Cairns City suburb figure used here.
5.1% yield at the crossroads of three states. Mildura benefits from genuine cross-border rental demand that tightens vacancy independent of any single industry. Hospital expansion creates permanent healthcare employment. Rent growth +5.0% will push to cashflow-positive within 12 months.
realestate.com.au Cairns City suburb median, Jun 2025–May 2026. Verify against REIQ for wider LGA. Data quality: imported.
Data vintage: 2026
CoreLogic VIC Q1 2025 · REI Victoria Mildura Q4 2024 · SQM Research · Mildura Base Hospital business case 2024 · ABS agricultural water statistics 2024
Data vintage: Q1 2025
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Research only. Not financial advice. Data vintage Q1 2025 (indicative estimates from public sources). Verify all metrics independently with local property managers and licensed advisers before making any investment decision. All negative gearing and budget policy references reflect proposed changes subject to final legislation. Consult a registered tax adviser for personal tax position.