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305/71-75 Lake Street, Cairns City$299,000
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305/71-75 Lake Street

Cairns City, QLD 4870, Australia
$299,000
1 bed 1 bath 1 car

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About this property

Positioned in the heart of the city, this well-appointed 1-bedroom, 1-bathroom apartment presents an outstanding opportunity for savvy investors seeking strong returns and consistent occupancy. Currently operating as a successful short-term holiday rental, this property delivers an impressive turnover and is perfectly suited for Airbnb or holiday letting. With high demand from both business and leisure travelers, it offers immediate income potential from day one. The apartment features a modern layout, a private balcony with stunning city views, and access to a resort-style pool, making it highly appealing to guests year-round. Located within a secure complex with underground parking, it provides both comfort and convenience in a premium urban setting. Key Features: - 1 spacious bedroom, 1 modern bathroom - Secure underground parking - Private balcony with city views - Resort-style pool within the complex - Proven high-performing short-term rental - Strong occupancy and turnover rates - Positioned in a prime CBD location Whether you're expanding your portfolio or entering the short-term rental market, this is a rare chance to secure a low-maintenance, high-demand investment in a blue-chip location. $9,972.00 - Body corp. fees inclusive of electricity and water Rates - $3200.00

Property Details

Property Type
apartment
Listing Type
For Sale
Bedrooms
1
Bathrooms
1
Parking
1
Listed
2 months ago

Repayment calculator

$1,450/month
$725 /fortnight
Loan $239,200 at 6.10% over 30 years

Upfront costs

Deposit$59,800
Stamp duty$8,890
Conveyancing (est.)$2,000
Total upfront$70,690
Verify with QLD revenue office →
Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

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Neighbourhood

Living in Cairns City

This 1-bedroom apartment in Cairns City, QLD 4870 sits within reach of public transport, local shops local amenities. It is listed 49% below the $590,000 median of 63 comparable apartmentswithin 5 km.

What's nearby

  • Spence Street at Grafton Street (bus)205 m away
  • The Crystal Caves31 m away
  • Anzac Park288 m away
  • Fogarty Park348 m away
  • Rotary Park379 m away

Cairns City at a glance

Full suburb profile
Population
3,616
Median age
44
Household income
$1,627/wk
Median rent
$413/wk
Median mortgage
$1,733/mo

Source: ABS Census.

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Suburb market

Suburb price trend

Cairns City price trend

Median sold · Unit 1 bed

Compound growth +27.6% / yr over 4 yrs

$503kcurrent median

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Price history

Price history

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1 price change recorded for this property

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