Suburb Profile Report for Palm Beach QLD (4221)

Palm Beach House: Median price $743,000, Annual capital growth 4.23%, Number of sales 201, Weekly median advertised rent $590

Palm Beach Unit: Median price $390,000, Annual capital growth 1.99%, Number of sales 337, Weekly median advertised rent $380

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

Source: CoreLogic

  • House Report
  • Unit Report

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%

Metrics i HOUSE UNIT
$743,000 $390,000
2.16% 0.81%
6.91% 4.84%
4.23% 1.99%
$590 $380
201 337
4.13% 5.07%
74.92 60.8

Source: CoreLogic

DSR Score for property investment : Good (H), Very 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