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Mount Sheridan suburb profile

Mount Sheridan is a picturesque suburb located in the southern part of Cairns, Queensland, known for its family-friendly atmosphere and natural beauty. Nestled against the backdrop of lush hills, it offers residents a peaceful lifestyle with easy access to the amenities of Cairns city. The suburb features a mix of modern homes and established residences, catering to a diverse community. With several parks, schools, and shopping centers, including the popular Mount Sheridan Plaza, it provides convenience and leisure for its residents. Its proximity to both the city and natural attractions makes Mount Sheridan a desirable location for families and nature enthusiasts alike.

Mount Sheridan property market performance

Mount Sheridan’s property market has shown strong growth in the housing sector over the past 12 months, with house values increasing by 13.8%. The current median house price stands at $753,000. However, the unit market has remained inactive, with no sales or price changes recorded.

Sales activity for houses has been robust, with 46 houses sold in the past 12 months. Houses are selling quickly, with a median of just 10 days on the market, indicating strong demand. The unit market, however, has seen no activity, reflecting a lack of supply or demand in this segment.

In the rental market, house rents have increased by 6.5% over the last 12 months, with the average rent reaching $660. The unit rental market remains inactive, with no changes in rent prices.

HousesUnits
Median price
Past 3 months
$770KN/A
Change in value
Past 12 months
13.7%N/A
Sold
Past 3 months
39N/A
Median days on market
Past 12 months
10N/A
Average rent
Past 12 months
$670N/A
Change in rent
Past 12 months
8.1%N/A

5 year median price trend for houses and units

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Mount Sheridan demographics

Mount Sheridan, located in the southern suburbs of Cairns, Queensland, offers a family-friendly environment with a strong sense of community. With a population of 8,678 and a median age of 37, it is a suburb that appeals to both young families and established residents. The area is characterized by its lush greenery and proximity to natural attractions, making it an ideal location for those who appreciate outdoor activities and a relaxed lifestyle.

The suburb's housing market is predominantly owner-occupied, with 28.5% of properties owned outright and 44.6% owned with a mortgage. This indicates a stable community with a significant number of long-term residents. The rental market, comprising 26.9% of properties, provides options for those seeking flexibility, including young professionals and families new to the area.

Family life is a cornerstone of Mount Sheridan, with 43.1% of households being couple families with children and 37.3% being couple families without children. One-parent families make up 18.2% of the community, reflecting a diverse family structure. The suburb's median total household income of $1,826 per week suggests a comfortable standard of living, supported by local amenities and services that cater to the needs of its residents.

Mount Sheridan infrastructure, key developments and investment opportunities

Mount Sheridan continues to function primarily as a residential suburb in the southern corridor of Cairns, supported by the established Mt Sheridan Plaza, which provides supermarkets, specialty retail, medical services, childcare and a Justice of the Peace service, helping to underpin day-to-day amenity and local employment.[2][5][6] While there are no schools within Mount Sheridan itself, residents benefit from a full range of schooling options in neighbouring suburbs, which maintains family appeal without major current construction impacts locally.[2]

An extensive network of public walkways, proximity to sporting facilities such as Fretwell Park, and easy access to larger centres like Stockland Cairns at Earlville continue to support lifestyle and liveability, factors that typically help sustain buyer demand.[2] Public transport services already operate through the area, and there are no widely reported new train, major road or large-scale redevelopment projects specific to Mount Sheridan at this time that would significantly alter property dynamics in the short term.[2][3]

Mount Sheridan rental market trends

The rental market in Mount Sheridan has experienced moderate growth, with house rents increasing by 6.5% over the past year to $660 per week. However, there has been no change in unit rents, which remain at $0 per week. This suggests a focus on house rentals in the area, offering potential opportunities for investors and renters seeking suburban living.

Suburbs near Mount Sheridan

Some popular suburbs near Mount Sheridan include:

  • Bentley Park: Known for its family-friendly atmosphere and proximity to schools, Bentley Park is located directly south of Mount Sheridan.
  • Edmonton: Offering a mix of residential and commercial areas with a growing community, Edmonton is situated to the south of Mount Sheridan.
  • White Rock: Known for its peaceful residential streets and local amenities, White Rock lies to the north of Mount Sheridan.
  • Bayview Heights: Featuring elevated views and a tranquil environment, Bayview Heights is located to the north of Mount Sheridan.
  • Woree: Known for its convenient location and access to recreational facilities, Woree is situated to the north of Mount Sheridan.

How does Mount Sheridan compare to nearby suburbs?

  • Median house prices: Mount Sheridan’s median house price is 0.7% higher than Edmonton’s.
  • House price growth: Over the past 12 months, house prices in Mount Sheridan have grown 2.0% higher than in Bayview Heights.
  • Selling speed for houses: Properties in Mount Sheridan are selling 23.1% faster than in Bentley Park.

Common questions about Mount Sheridan

  • Is Mount Sheridan a nice place to live?

    Mount Sheridan is a charming suburb that offers a delightful blend of tranquility and convenience, making it a wonderful place to call home. Nestled against the lush hills of Cairns, this suburb is known for its peaceful atmosphere and strong sense of community. Residents enjoy a relaxed lifestyle with the added benefit of being close to the vibrant city of Cairns. The suburb's modern homes and established residences cater to a diverse community, providing a welcoming environment for families and individuals alike.

    Families will find Mount Sheridan particularly appealing due to its family-friendly vibe and abundance of amenities. The suburb boasts several parks and recreational areas, perfect for weekend picnics and outdoor activities. While there are no schools directly within Mount Sheridan, the neighboring suburbs offer a variety of educational options, ensuring that families have access to quality schooling. The popular Mount Sheridan Plaza serves as a hub for shopping and leisure, providing everything from supermarkets to specialty stores and medical services.

    Safety and community spirit are hallmarks of Mount Sheridan, making it an ideal location for those seeking a secure and supportive environment. The suburb's proximity to natural attractions and sporting facilities like Fretwell Park adds to its appeal, offering plenty of opportunities for outdoor enthusiasts. However, potential residents should be aware that while public transport services are available, there are no major new infrastructure projects planned that would significantly change the suburb's dynamics in the near future. Overall, Mount Sheridan is a delightful suburb that balances the serenity of nature with the convenience of urban living, making it a great choice for families and nature lovers alike.

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  • Is it expensive to live in Mount Sheridan?

    Living in Mount Sheridan can be considered relatively affordable compared to other suburbs in Queensland. The median house price is around $753,000, which is moderate when compared to the high property prices seen in more central or coastal areas. However, it's worth noting that there aren't any units available, which might limit options for those looking for smaller or more budget-friendly living spaces.

    When it comes to renting, the average rent for houses is about $660 per week. This figure is quite reasonable, especially when matched against the average annual wage in Mount Sheridan, which is approximately $73,000. This income level aligns well with the median total household income of $1,826 per week, suggesting that many residents can comfortably manage housing costs.

    Overall, Mount Sheridan offers a balanced cost of living, with housing prices and rents that are manageable for those earning the average local wage. If you're thinking of living in Mount Sheridan, you'll find it offers a good mix of affordability and lifestyle, making it an attractive option for many. However, the lack of unit options might be a consideration for those seeking more diverse housing choices.

    Disclaimer: To assess whether a suburb is considered expensive, we’ve looked at mortgage and rental costs as a proportion of the average local salary. That said, everyone’s financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.
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  • Is Mount Sheridan a good place to invest?

    Mount Sheridan is showing promising signs as a potential investment hotspot, especially for those interested in the housing market. Over the past year, the suburb has experienced a significant 13.8% increase in median house values, indicating strong demand and a healthy growth trajectory. This rise in property values suggests that Mount Sheridan is becoming increasingly attractive to buyers, which could lead to continued appreciation in the future.

    While the unit market has remained stable with no change in median values, the rental market for houses has seen a 6.5% increase over the last 12 months. This uptick in rental prices highlights a growing demand for rental properties, making it an appealing option for investors seeking steady rental income. Although the unit market hasn't shown the same growth, the stability in values and rents suggests a low-risk environment for those considering a more conservative investment approach.

    Overall, Mount Sheridan presents a compelling opportunity for investors, particularly in the housing sector. The combination of strong capital growth and rising rental yields for houses makes it an attractive choice for those looking to benefit from both property appreciation and rental income. While the unit market remains stable, the suburb's overall growth potential and demand dynamics make it a worthwhile consideration for investment.

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Choose the right real estate agents in Mount Sheridan

There are 58 real estate agents in Mount Sheridan, but they don’t all deliver the same results.

Some agents have a much stronger presence in the suburb, with just 5 agents handling around 46.0% of all sales in the past year.

Commission rates in Mount Sheridan typically range from 2.5% to 3.13%. Comparing agents—including what they charge, what’s included, and how they structure their fees—is not only important when choosing an agent, the right structure can help ensure your chosen agent is motivated to achieve the best possible result.

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