Giving property investors a an average capital gain of 8.04% for the last year, Palm Beach, 4221 is the 1774th highest performer in Australia in this respect.
When looking at the potential capital gains offered to property investors over the last 3 years, Palm Beach comes in at number 24th in QLD.
The most recent median price for Palm Beach is $755750, with sellers offering an average of -5.24% off the asking price.
A $600 per week rent on the median house gives suburb investors a gross yield of circa 4.13%, without taking into account capital value appreciation, which has been averaging out at 4.28%.
Palm Beach has had a A very good year for property investment returns compared to the rest of QLD, giving investors a capital gain of 8.21% to date .
Palm Beach,4221 was ranked 795 in Australia by increase in median property value over the quarter.
LACK OF BUYER INTEREST may well be the reason that Palm Beach is offering property investors an average of -6.08. This rate of discount on properties puts Suburb at number 202th in terms of most discounted suburbs in QLD
At number 446 in a list of fastest selling suburbs, Palm Beach is in the TOP 40% of suburbs in Australia with an average of days on market 59.61 for properties listed there.
Renters in Suburb are facing rents around $4740 per annum or $395 every week.