Suburb Deep Dives · 30 October 2026 · 7 min read
Mount Sheridan (QLD 4868) in Focus 2026: Is It a Good Investment? R-Score 95/100, 5% Yield & Best Streets
Data analysis by the Ripehouse research desk · Reviewed by Anna Cooper, Co-Founder & COO, former Managing Editor of Australian Property Investor Magazine
Is Mount Sheridan (QLD 4868) a good suburb to invest in 2026? Our October 2026 quantitative audit scores Mount Sheridan at 95/100 (Ranked #916 of 15,286 suburbs), with a $730,000 median house price (+2.8% 12m), $702/wk rent (5% yield), and 68 top-tier streets scoring 75–100/100.
Market Classification: High-Yield & Momentum Sweet Spot · R-Score: 95/100 (National Rank #916 of 15,286) · Street Average: 55/100 across 173 streets.
In a 6%+ interest rate environment, most Australian suburbs force investors to choose between capital growth momentum and holding cashflow. Mount Sheridan is one of the rare markets in QLD currently delivering both: a 95/100 R-Score paired with a 5% gross rental yield at a $730,000 median price. That yield profile preserves bank borrowing serviceability so investors can sequence their next acquisition without a punishing cashflow deficit.
“I would not treat the 5% gross yield and 0.9% vacancy rate as the whole story. The negative $154 weekly pre-tax cashflow at 80% LVR is the more practical figure, so I would assess each property’s price, rent and street quality together rather than shop by yield alone.”
Below is our full October 2026 quantitative and street-level breakdown for Mount Sheridan (QLD 4868), combining 36 months of settled price and rental history from our Aurora research warehouse, council-level supply and employment data for Cairns (QLD), and block-by-block ABS 2021 Census SA1 tenure and yield rankings across 4,067 residential addresses.
1. Mount Sheridan (QLD) 3-Year Market Trajectory & 27-Indicator R-Score (October 2026)
Over the past 12 months, Mount Sheridan’s median house price moved +2.8% (from $710,000 to $730,000), bringing its 3-year cumulative price movement to +25.6% (from $581,000 three years ago). On the rental side, median weekly asking rents moved +8% over the past year to $702/wk (+26.4% over 36 months), equating to a 5% gross rental yield. Compared with 12 months ago—when Mount Sheridan carried an R-Score of 95/100—its current composite R-Score of 95/100 represents a +0-point shift in underlying market pressure.
| Indicator / R-Score Pillar | Mount Sheridan (QLD) Current | 12-Month / 36-Month Context |
|---|---|---|
| Composite Suburb R-Score | 95 / 100 | Ranked #916 of 15,286 suburbs (was 95/100 12m ago) |
| Median House Price | $730,000 | 12m change: +2.8% · 36m change: +25.6% |
| Median Weekly Rent & Gross Yield | $702/wk (5%) | 12m rent change: +8% · 36m rent change: +26.4% |
| Rental Vacancy & Days on Market | 0.9% vacancy | Median selling time: 97 days on market (1.5% vacancy is the tight-market line) |
| Pillar 1: Buyer Demand | 28 / 100 | Measures days-on-market compression, vendor discounting & sales velocity |
| Pillar 2: Supply & Ownership | 32 / 100 | Measures stock on market, building approvals vs stock & owner-occupier share |
| Pillar 3: Price Momentum | 56 / 100 | Measures short/medium-term price velocity vs Cairns & QLD |
| Pillar 4: Yield Pressure | 70 / 100 | Measures gross rental yield, rent trajectory & vacancy compression |
2. The “Two-Speed Suburb” Test: Best & Worst Streets in Mount Sheridan (QLD)
Why do two 4-bedroom houses in Mount Sheridan achieve completely different bank valuations and tenant quality? Because suburb medians blend every pocket together. When we map all 4,067 addresses across 173 streets in Mount Sheridan through G-NAF to their ABS 2021 Census SA1 blocks, the suburb splits into three distinct tiers:
- Strong Street Profile (Score 75–100): 68 streets (44% of scored streets) pass both ABS Census tenure tests (owner-occupiers >65% and public housing ≤5%) plus at least one—or both—of the Mount Sheridan rent and yield benchmarks.
- Mid / Mixed Street Profile (Score 50–74): 50 streets pass the core owner-occupier and public-housing thresholds but sit below the suburb median on weekly rent or yield.
- Weaker / Caution Street Profile (Score 0–25): 38 streets fail one or both census tenure thresholds—meaning either owner-occupation sits at or below 65% or state/community public housing exceeds 5% on those specific SA1 blocks.
Top 5 Highest-Scoring Streets in Mount Sheridan (QLD)
These streets sit in SA1 census blocks with high homeowner pride of ownership, minimal social housing concentration, and strong block-level rents (inspect all 173 streets in Mount Sheridan):
| Top Street in Mount Sheridan | Street Score | Addresses | Owner-Occupiers | Public Housing | SA1 Rent & Yield |
|---|---|---|---|---|---|
| #1 Sundew Close | 100/100 | 25 | 82% | 2.5% | $685/wk (5.5%) |
| #2 Bacalakis Close | 100/100 | 22 | 82% | 2.5% | $685/wk (5.5%) |
| #3 Hazelwood Close | 100/100 | 18 | 82% | 2.5% | $685/wk (5.5%) |
| #4 Maynard Close | 100/100 | 18 | 82% | 2.5% | $685/wk (5.5%) |
| #5 Bellbush Close | 100/100 | 15 | 82% | 2.5% | $685/wk (5.5%) |
Streets Where Block-Level Tenure Trails the Mount Sheridan Average
By contrast, the streets below run through SA1 census blocks that fail one or more of our tenure or rental tests. A lower Street Score is not a judgement of any individual house, but it highlights where higher renter turnover or public housing concentration exists within Mount Sheridan:
| Caution Street Sample | Street Score | Addresses | Owner-Occupiers | Public Housing | SA1 Median Rent |
|---|---|---|---|---|---|
| Rennel Close | 0/100 | 33 | 56% | 7.7% | $500/wk |
| Normanby Close | 0/100 | 26 | 56% | 7.7% | $500/wk |
| Nimroud Close | 0/100 | 12 | 56% | 7.7% | $500/wk |
3. Economic & Supply Drivers in Cairns Council (Queensland)
Mount Sheridan sits within the Cairns Local Government Area, which has a residential population of approximately 179,334 (+4.5% population movement over the past 3 years) and 69,047 total dwellings. Three council-level fundamentals shape Mount Sheridan’s medium-term outlook:
- Local Employment Diversity (ABS Census): The largest employment sectors across Cairns are Health Care and Social Assistance (15%), Accommodation and Food Services (11%), Retail Trade (11%), Education and Training (9%). Multi-sector employment reduces reliance on any single employer or commodity cycle.
- New Building Approvals vs. Existing Stock: Over the latest 12-month financial year, Cairns approved 2% new dwelling stock (~1,346.626 dwellings). Because new approvals exceed 1.8% of stock, investors in Mount Sheridan must avoid generic greenfield house-and-land pockets and stick to established, built-out streets.
- Tracked Infrastructure Pipeline: Cairns currently has $3.5 billion in tracked major infrastructure projects (placing it in the 68th percentile of Australian councils).
4. Worked Cashflow, Deposit & 80% LVR Stress-Test for Mount Sheridan (October 2026)
What does it actually cost to acquire and hold a typical house in Mount Sheridan at today’s median price of $730,000 and median rent of $702/wk? Below is the baseline 80% Loan-to-Value Ratio (LVR) model we use to stress-test serviceability before shortlisting a property:
| Cashflow & Capital Item | Mount Sheridan Worked Figure | Assumptions & Notes |
|---|---|---|
| Purchase Price (Suburb Median) | $730,000 | Settled house median as of October 2026 |
| 20% Deposit + Est. Stamp Duty & Costs | $181,040 | $146,000 deposit (80% LVR) + ~$35,040 stamp duty, legal & inspection allowance (can be funded via usable home equity) |
| 80% LVR Loan Amount | $584,000 | Standard no-LMI investor loan threshold |
| Gross Annual Rental Income | $36,504/yr ($702/wk) | 5% gross rental yield before vacancies and expenses |
| Est. Annual Interest + Operating Costs | $44,530/yr | Assumes 6.25% interest-only ($36,500/yr) + ~1.1% for council rates, insurance & property management ($8,030/yr) |
| Pre-Tax Weekly Cashflow Position | -$154/wk top-up | Before tax deductions / depreciation (confirm post-tax position with your accountant) |
5. Who Should Buy in Mount Sheridan—And 3 Rules Before You Make an Offer
Rare Convergence of 5%+ Gross Rental Yield and Top-Quartile Demand. Based on our October 2026 data, Mount Sheridan is best suited to first-time property investors, homeowners unlocking $150k–$250k in equity, and second/third property buyers who need strong rental yield (5%) to preserve bank borrowing capacity while capturing capital growth.
- Never Buy Blind on the Suburb Median: In Mount Sheridan, 38 streets score below 50/100 on our census tenure and yield tests. Always run the exact street through the Mount Sheridan Street Score Hub and target the 68 streets scoring 75–100/100.
- Check Lot-Level Overlays (Flood, Bushfire, Slope & Easements): Even on a 100/100 streetlike Sundew Close, individual lots can carry overland flow paths, steep gradients, or sewer easements that restrict granny-flat additions or spike insurance premiums.
- Price Against Street-Matched Settled Comparables: Do not let a selling agent justify an asking price on a 25/100 street using comparable sales from a 100/100 street. Compare settled sales within the same SA1 Street Score band.
If there's a specific street you're weighing up right now, check its Street Score first — it's free, takes ten seconds, and tells you whether that street is pulling the suburb average up or riding on it.
Market data & R-Scores for locations in this article
Drill Down Into the Markets Mentioned Above
Inspect live monthly R-Scores, median prices, rental yields, and street-by-street scores for the cities and council areas referenced in this article:
Frequently asked questions
Is Mount Sheridan (QLD 4868) a good suburb for property investment in 2026?
As of October 2026, Mount Sheridan (QLD 4868) scores 95/100 on the 27-indicator Ripehouse R-Score (ranked #916 of 15,286 Australian suburbs). It is classified as a High-Yield & Momentum Sweet Spot with a median house price of $730,000, median rent of $702/wk (5% gross yield), and vacancy rate of 0.9%.
How have house prices and rents performed in Mount Sheridan over the past 1 to 3 years?
Over the past 12 months, Mount Sheridan’s median house price moved +2.8% to $730,000, and +25.6% over the past 36 months. Median weekly asking rents moved +8% over the past year to $702/wk (5% gross yield).
What are the highest and lowest scoring streets in Mount Sheridan, QLD?
Across 173 streets (4,067 addresses) in Mount Sheridan, 68 streets score 75 to 100 on the Ripehouse Street Score, led by Sundew Close (100/100, 82% owner-occupied), Bacalakis Close (100/100, 82% owner-occupied), Hazelwood Close (100/100, 82% owner-occupied). Meanwhile, 38 streets score below 50 due to lower owner-occupation or public housing concentration above 5%.
How much deposit and weekly cashflow is needed to buy a median house in Mount Sheridan?
At Mount Sheridan’s median house price of $730,000, an 80% LVR purchase ($584,000 loan) requires approximately $181,040 in cash or usable home equity ($146,000 deposit plus around $35,040 for stamp duty and acquisition costs). At $702/wk rent and a 6.25% interest-only benchmark, estimated pre-tax cashflow is -$154/wk before tax deductions.
What is the housing supply pipeline and economic profile of Cairns Council?
Mount Sheridan is located in the Cairns (QLD) Local Government Area (population around 179,334, +4.5% 3yr growth). Annual building approvals sit at 2% of existing dwelling stock. Tracked major infrastructure spend is $3.5B. Top employment sectors are Health Care and Social Assistance (15%), Accommodation and Food Services (11%), Retail Trade (11%).
General information only. It does not take your objectives, financial situation or needs into account, and nothing here is legal, financial, taxation or investment advice specific to your circumstances.