Suburb Profile Report for Palm Beach NSW (2108)

Palm Beach House: Median price $2,400,000, Annual capital growth 0.26%, Number of sales 62, Weekly median advertised rent $1,200

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report

At number 3383th in the list of Australian suburbs ordered by increase in median house value over the last year, Palm Beach, 2108 is in the BOTTOM 20% with a property value increase of -4.00% recorded in median house prices.

Over the longer term, Palm Beach has seen property prices show investors a 7.87% return over the last 3 years. This is worse than over the last 12 months

Sellers are offering property buyers an average discount of -9.13% to buyers in Palm Beach at the moment, which is less than average for the rest of NSW.

At number 2877 in a list of fastest selling suburbs, Palm Beach is in the bottom 30% of suburbs in Australia with an average of days on market 108.56 for properties listed there.

Palm Beach is 1017th on a list of best yielding suburbs for rents in NSW with a 2.60% return

Metrics i HOUSE UNIT
$2,400,000 N/A
0.00% N/A
-4.00% N/A
0.26% N/A
$1,200 N/A
62 N/A
2.60% N/A
108.56 N/A

Source: CoreLogic

DSR Score for property investment : Above average (H), Balanced (U)
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Demographics
Total population 1596
Median household income ($/weekly) 1865
Median age of persons 53
Median housing loan repayment ($/monthly) 3000
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 143 9.0
    35-44 years 152 9.5
    45-54 years 231 14.5
    55-64 years 309 19.3
    65-74 years 292 18.3
    Others 470 29.4
    Age Group
    Census Count Percent(%)
    Registered Married 625 56.5
    Not Married 380 34.3
    Defacto Relationship 102 9.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 1174 78.8
    Papua New Guinea 33 2.2
    United Kingdom 127 8.5
    United States of America 26 1.7
    Other 52 3.5
    Others 78 5.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 26 1.8
    Christianity 962 66.9
    Hinduism 7 0.5
    Judaism 10 0.7
    No Religion 426 29.6
    Others 6 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 52 10.7
    $2,000-$2,499 48 9.9
    $2,500-$2,999 72 14.8
    $3,000-$3,499 46 9.4
    $4,000 or more 45 9.2
    Others 224 46.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 497 39.1
    Employed, worked full-time 392 30.8
    Employed, worked part-time 306 24.1
    Employed, away from work 41 3.2
    Unemployed, looking for work 35 2.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 159 21.4
    Professionals 238 32.0
    Technicians & trades workers 67 9.0
    Clerical & administrative workers 91 12.2
    Sales 66 8.9
    Others 122 16.4
    Occupation
    Census Count Percent(%)
    Pre-school 27 9.6
    Infants/Primary 90 31.9
    Secondary 76 27.0
    Technical or Further Educational Institution 21 7.4
    University or other Tertiary Institutions 60 21.3
    Others 8 2.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1031 77.8
    Semi-detached, row or terrace house, townhouse 247 18.6
    Flat, unit or apartment 44 3.3
    House or flat attached to a shop, office 4 0.3
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 278 49.5
    Rented 147 26.2
    Being purchased 130 23.1
    Other tenure type 7 1.2
    Tenure Type
Census 2011, ABS
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