Palm Beach is in the TOP 30% in QLD when comparing median price capital growth over the last year. Palm Beach gave property investors a good capital gain figure when compared to the rest of the state, with 6.91%.
The five-year average increase in median property values for Palm Beach,4221 has given property investors a potential capital gain of 47.86% across each of those five years.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Palm Beach, 4221. Typically our figures indicate that -5.57% is being offered, which puts this QLD suburb at 2043th most discounted overall in Australia.
Using the current median advertised rental of $590 and the average annual increase in value of a median property of 4.23%, investors should hope to achieve an overall return of 4.13%
Palm Beach, 4221 ranked 110th in QLD when comparing growth in median property values or capital gain over the last 12 months. Palm Beach is one of 2415 in our list for QLD
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Palm Beach has increased when compared to the 5 year average annual rate.
Property buyers and investors in Palm Beach 4221 should be seeing an average reduction in asking price of around -5.02% . This means that Palm Beach is holding prices well when compared to other suburbs in QLD.
Using the current median advertised rental of $380 and the average annual increase in value of a median property of 1.99%, investors should hope to achieve an overall return of 5.07%