CAIRNS 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 June 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 $756,000, up 9.6% over the past 12 months (realestate.com.au, to June 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, streets & price ranges
Houses range from compact two-bedroom cottages through to renovated period homes. Bed-level medians sit at $685,000 for a 2-bed, $762,000 for a 3-bed and $795,000 for a 4-bed (realestate.com.au, to June 2026), and recent recorded sales fill in the streets: two character 2-beds on Queen Street, both with dual living, traded at $695,000 and $780,000, the Martyn Street complexes at $495K to $585K, and the Minnie Street units from $380K to $489K. The recorded 12-month top sale reached $2.13M. Character and proximity to the city carry a premium over the more utilitarian inner suburbs nearby.
A character market with thin house supply
Parramatta Park has a relatively small pool of houses. Only 24 houses sold over the profile year against 55 units (realestate.com.au, to June 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
realestate.com.au recorded 71 Parramatta Park sales in the 12 months to July 2026, with a recorded-sales median of $525,000 across all property types, shaped by the deep unit market (recorded unit median $447,500 after 23.7% unit growth). Houses move at a slower, more individual pace, 52 days median on market, and rent at around $600/wk on a 4.7% yield, with units at $490/wk on 6.0%. Pricing a character home well takes care given the limited comparable evidence. Always verify current data before any pricing decision.
Recent Parramatta Park sales
| Address | Sold | Property | Date |
|---|---|---|---|
| 4 Queen Street | $780,000 | 2 bed, dual living, pool | Jan 2026 |
| 12 Queen Street | $695,000 | 2 bed, renovated | Jan 2026 |
| 7/82-86 Martyn Street | $585,000 | 2 bed unit | Feb 2026 |
| 2/90 Martyn Street | $495,000 | 2 bed townhouse | Jul 2025 |
| 13/61-63 Minnie Street | $488,960 | 2 bed unit | Jun 2026 |
| 5 Brisbane Street | $415,000 | 405 sqm residential land | Oct 2025 |
| 5/46-50 Minnie Street | $400,000 | 2 bed unit | Dec 2025 |
| 6/392 Severin Street | $380,000 | 2 bed apartment | May 2026 |
Recorded sales from realestate.com.au public sold results, 12 months to July 2026, all sold by TS Property Group, Alexie's agency (11 of the suburb's 71 recorded sales in that period, a 15.5% share). Prices are the published sold figures.
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 6.0% for investors
Things to consider
Houses take longer to sell, 52 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 $756,000 as at June 2026, up 9.6% over the prior 12 months (realestate.com.au), with bed-level medians of $685,000 for a 2-bed, $762,000 for a 3-bed and $795,000 for a 4-bed. With only 24 houses sold in the profile year, comparable evidence is thin, so a local appraisal is important for a property-specific figure.
Which Parramatta Park streets stand out?
Queen Street's character cottages are a good example of the suburb's appeal, with recent recorded sales at $695,000 and $780,000 for renovated 2-beds with dual living. The Martyn Street complexes trade at $495K to $585K, and the Minnie Street units from $380K to $489K offer the entry point.
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 24 sales over the profile year at a median of 52 days on market (realestate.com.au, to June 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?
Ask about selling in Parramatta Park.
Selling resources
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