Giving property investors a a stable capital gain of 7.46% for the last year, Palm Beach, 4221 is the 1530th highest performer in Australia in this respect.
Over the longer term, Palm Beach has seen property prices show investors a 35.85% return over the last 3 years. This is worse than over the last 12 months
Our latest figures would indicate that property sellers in Palm Beach are currently offering property investors an average price cut of -5.59% below the asking price at the moment.
In the last year 212 properties changed hands in Palm Beach, which puts it as the 51th most active market in QLD when comparing the number of sales per suburb.
At number 522th in the list of Australian suburbs ordered by increase in median house value over the last year, Palm Beach, 4221 is in the top 30% with a property value increase of 7.61% recorded in median house prices.
Comparing Palm Beach,4221 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
LACK OF BUYER INTEREST may well be the reason that Palm Beach is offering property investors an average of -6.14. This rate of discount on properties puts Suburb at number 226th in terms of most discounted suburbs in QLD
Situated 78.24km from the CBD, Palm Beach is one of Gold Coast localities in the postcode 4221.