Suburb Profile Report for Palm Beach QLD (4221)

Palm Beach House: Median price $720,000, Annual capital growth 4.42%, Number of sales 212, Weekly median advertised rent $580

Palm Beach Unit: Median price $382,000, Annual capital growth 2.08%, Number of sales 332, Weekly median advertised rent $375

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

Source: CoreLogic

  • House Report
  • Unit Report

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.

HOUSE UNIT
$720,000 $382,000
2.13% 0.53%
7.46% 7.61%
4.42% 2.08%
$580 $375
212 332
4.19% 5.10%
65.39 61.56

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 13956
Median household income ($/weekly) 957
Median age of persons 39
Median housing loan repayment ($/monthly) 2000
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 1499 10.7
    25-34 years 2077 14.9
    35-44 years 1956 14.0
    45-54 years 1925 13.8
    55-64 years 1667 11.9
    Others 4832 34.6
    Age Group
    Census Count Percent(%)
    Not Married 5137 49.1
    Registered Married 4061 38.8
    Defacto Relationship 1265 12.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 10844 82.8
    Papua New Guinea 687 5.2
    South Africa 76 0.6
    United Kingdom 650 5.0
    Other 290 2.2
    Others 543 4.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 182 1.5
    Christianity 8971 71.9
    Hinduism 46 0.4
    Other Religious Groups 68 0.5
    No Religion 3168 25.4
    Others 49 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 500 9.6
    $400-$599 718 13.8
    $600-$799 600 11.6
    $800-$999 524 10.1
    $1,500-$1,999 588 11.3
    Others 2261 43.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3811 35.0
    Not in the labour force 3809 35.0
    Employed, worked part-time 2304 21.2
    Unemployed, looking for work 570 5.2
    Employed, away from work 391 3.6
    Person Characteristics
  • Census Count Percent(%)
    Professionals 1275 19.6
    Technicians & trades workers 1074 16.5
    Community & personal service workers 742 11.4
    Clerical & administrative workers 855 13.1
    Sales 807 12.4
    Others 1754 27.0
    Occupation
    Census Count Percent(%)
    Pre-school 167 6.3
    Infants/Primary 974 36.7
    Secondary 683 25.8
    Technical or Further Educational Institution 287 10.8
    University or other Tertiary Institutions 449 16.9
    Others 92 3.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 7696 59.3
    Semi-detached, row or terrace house, townhouse 1784 13.7
    Flat, unit or apartment 3322 25.6
    Caravan, cabin, houseboat 166 1.3
    Improvised home, tent, sleepers out 5 0.0
    Others 3 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 2487 43.6
    Fully owned 1645 28.8
    Being purchased 1542 27.0
    Other tenure type 28 0.5
    Tenure Type
Census 2011, ABS
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