SUBURB GUIDE
Parramatta Park
A character-filled inner suburb beside the CBD, home to the Cairns Showgrounds and a stock of older Queensland cottages.
Median house price
12-mo growth
Median days on market
Median rent (house)
Gross yield (house)
Houses sold (12 mo)
Source: realestate.com.au suburb profile, 12 months to May 2026. Figures are suburb-wide; your specific property may differ.
Parramatta Park is a central, character-rich suburb sitting right beside the Cairns CBD, known for its older Queenslander cottages and the Cairns Showgrounds on the corner of Mulgrave Road and Severin Street. It draws buyers who want a walkable, inner-city lifestyle with period homes. The median house sale price is $762,000, up 10.4% over the past 12 months (realestate.com.au, to May 2026).
What defines Parramatta Park
Parramatta Park is one of the oldest parts of Cairns, sitting immediately south-west of the CBD. It is known for its character housing, including timber Queenslander cottages and heritage-listed homes, on a traditional grid of streets. The Cairns Showgrounds on the corner of Mulgrave Road and Severin Street is a long-standing local landmark and event venue. The suburb has a genuine inner-city feel that is rare in Cairns.
Homes and price ranges
Houses range from compact two-bedroom cottages through to renovated period homes. Three-bedroom houses trade around $762,000 and four-bedroom homes around $795,000 (realestate.com.au, to May 2026), with an overall house median of $762,000, up 10.4% over the prior 12 months. Character and proximity to the city carry a premium over the more utilitarian inner suburbs nearby. Units are also common and offer a lower entry point.
A character market with thin house supply
Parramatta Park has a relatively small pool of houses. Only 23 houses sold over the past 12 months against 56 units (realestate.com.au, to May 2026), so genuine comparable sales for character homes can be limited. That scarcity is part of the appeal for buyers who want a period property close to the city, but it makes accurate pricing more dependent on local knowledge.
The Parramatta Park market
Houses recorded 23 sales over the past year at a median of 49 days on market (realestate.com.au, to May 2026), a slower pace that reflects the smaller, more individual character market. Houses rent at around $560/wk on a gross yield of 4.7%, while units rent at roughly $500/wk on a 5.8% yield. Pricing a character home well takes care given the limited comparable evidence. Always verify current data before any pricing decision.
What buyers love
Right beside the CBD, genuinely walkable to the city
Character housing including timber and heritage cottages
Cairns Showgrounds and inner-city amenity close by
Scarcity of character homes supports long-term appeal
Solid unit rental yields around 5.8% for investors
Things to consider
Houses take longer to sell, 49 days median on market
Thin house supply means comparable sales can be limited
Older homes often need maintenance or renovation
Frequently asked questions
What is the median house price in Parramatta Park?
The median house sale price in Parramatta Park is $762,000 as at May 2026, up 10.4% over the prior 12 months (realestate.com.au). With only 23 houses sold in the year, comparable evidence is thin, so a local appraisal is important for a property-specific figure.
Why do buyers choose Parramatta Park?
It is one of the few Cairns suburbs with a genuine inner-city, character feel. Period Queenslander cottages, heritage homes, walkability to the CBD and landmarks like the Cairns Showgrounds give it an appeal that the more utilitarian inner suburbs lack. That character is the main driver of its premium.
Is Parramatta Park a good suburb to sell in?
It is a smaller, more individual market. Houses recorded 23 sales over the past year at a median of 49 days on market (realestate.com.au, to May 2026), so pricing a character home takes care given the limited comparables. The dry-season window from May to October typically lifts interstate interest. A local appraisal is especially valuable here.
Thinking of selling in Parramatta Park?
Get an honest, no-obligation appraisal from a specialist who knows this suburb inside-out.
What's My Home Worth?By Alexie Aristides , Your Cairns Selling Specialist