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Cairns vs Carrara vs Karalee — which is best for yield?

Same eight metrics, scored against the same benchmark, ranked against a $700kbudget. Look for where one suburb is materially ahead — that's the dimension that should sway your call.

  1. Cairns

    QLD · 4870
    50Average
    Median
    $685k
    5y growth
    9.2%/yr
    BalancedThin market · illiquid

  2. Carrara

    QLD · 4211
    53Average
    Median
    $700k
    5y growth
    8.5%/yr
    BalancedStable but fully priced

  3. Karalee

    QLD · 4306
    52Average
    Median
    $700k
    5y growth
    8.5%/yr
    GrowthStable but fully priced

Metric breakdown

Each row scores 0–100 against a fixed benchmark. The leader on each row is highlighted.

Metric · weight
Cairns
Carrara
Karalee
Capital growth (5y)
weight 22%
929.2%/yr
858.5%/yr
858.5%/yr
Rental yield
weight 13%
1005.2%
673.3%
593.0%
Rental demand
weight 10%
452.2%
452.2%
452.2%
Population growth
weight 12%
10010.0%
10010.0%
10010.0%
Income growth
weight 12%
5213.0%
5213.0%
5213.0%
Construction pipeline
weight 15%
0–
0–
0–
Affordability
weight 8%
22% under cap
0Over cap
0Over cap
Supply tightening
weight 8%
30+4.0% YoY
30+4.0% YoY
30+4.0% YoY

Winner per dimension

Where each suburb leads the field, with the count of dimensions won.

  1. Cairns

    3/8
    • Capital growth (5y)
    • Rental yield
    • Affordability

  2. Carrara

    0/8

    No outright lead on any single dimension.

  3. Karalee

    0/8

    No outright lead on any single dimension.

Why Cairns

Thin market · illiquid

5.2% gross yield, population +10.0% (5y).

Drivers
  • Rental yield5.2%
  • Population growth+10.0% (5y)
  • Capital growth9.2%/yr
Risks
  • Only 0 residents — illiquid, slow to sell
  • At top of budget (98% of cap)

Construction ·Cross River Rail — Roma Street1389.1 kmConstruction · 2026

Why Carrara

Stable but fully priced

population +10.0% (5y), 8.5%/yr capital growth.

Drivers
  • Population growth+10.0% (5y)
  • Capital growth8.5%/yr
  • Rental yield3.3%
Risks
  • At top of budget (100% of cap)
  • No major construction project in this state

Construction ·Gold Coast Light Rail Stage 36.6 kmConstruction · 2025

Why Karalee

Stable but fully priced

population +10.0% (5y), 8.5%/yr capital growth.

Drivers
  • Population growth+10.0% (5y)
  • Capital growth8.5%/yr
Risks
  • At top of budget (100% of cap)
  • No major construction project in this state

Construction ·Cross River Rail — Roma Street22.8 kmConstruction · 2026