Property value increases in Palm Beach have tracked higher than the QLD average of 2.40% over the last 12 months.
Palm Beach,4221 was ranked 2105 in Australia by increase in median property value over the quarter.
Our latest figures would indicate that property sellers in Palm Beach are currently offering property investors an average price cut of -4.85% below the asking price at the moment.
Situated 83.64km from the CBD, Palm Beach is one of Gold Coast localities in the postcode 4221.
If you compare the increase in value of investment property in Palm Beach, 4221 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this QLD suburb was 4.86%.
Over the longer term, Palm Beach has seen property prices show investors a 12.92% return over the last 3 years. This is worse than over the last 12 months
LACK OF BUYER INTEREST may well be the reason that Palm Beach is offering property investors an average of -5.70. This rate of discount on properties puts Suburb at number 202th in terms of most discounted suburbs in QLD
At number 533 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 62.52 for properties listed there.
Palm Beach, 4221’s gross rental yield is 5.10%