Property investors who have had real estate in Palm Beach, 4221 should be ok with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 6.44%
If we look at median property appreciation over just the last three months, Palm Beach has given property investors a paper return of 1.92%. This puts Suburb as 257 on a list of fastest fasting appreciating suburbs in QLD
LACK OF BUYER INTEREST may well be the reason that Palm Beach is offering property investors an average of -7.10. This rate of discount on properties puts Suburb at number 550th in terms of most discounted suburbs in QLD
Giving property investors a a stable capital gain of 8.00% for the last year, Palm Beach, 4221 is the 544th highest performer in Australia in this respect.
The five-year average increase in median property values for Palm Beach,4221 has given property investors a potential capital gain of 23.66% across each of those five years.
Property buyers and investors in Palm Beach 4221 should be seeing an average reduction in asking price of around -5.07% . This means that Palm Beach is holding prices well when compared to other suburbs in QLD.
With the median price for a house in Palm Beach being $405000 and the advertised rent reaching $390 the gross rental yield for property investors calculates out to be 5.01%