Suburb Profile Report for Palm Beach QLD (4221)

Palm Beach House: Median price $700,000, Annual capital growth 4.83%, Number of sales 223, Weekly median advertised rent $550

Palm Beach Unit: Median price $380,000, Annual capital growth 2.21%, Number of sales 321, Weekly median advertised rent $360

  • 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 8.74% for the last year, Palm Beach, 4221 is the 1251th highest performer in Australia in this respect.

Across a shorter period, Palm Beach, 4221 has seen a median price increase of 0.00% over the last quarter.

State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.32% offered to property buyers. Sellers in Palm Beach itself are offering an average vendor discount of -5.69% to real estate investors.

Advertised rents are around the $550 mark per week – giving a return of 4.09% based on the median price in Suburb

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 9.51% to date .

When looking at the potential capital gains offered to property investors over the last 3 years, Palm Beach comes in at number 74th in QLD.

Sellers are offering property buyers an average discount of -4.66% to buyers in Palm Beach at the moment, which is less than average for the rest of QLD.

Palm Beach, 4221’s gross rental yield is 4.93%

HOUSE UNIT
$700,000 $380,000
0.00% 2.43%
8.74% 9.51%
4.83% 2.21%
$550 $360
223 321
4.09% 4.93%
50.4 66.33

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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Recent sales & rentals