Suburb Profile Report for Palmwoods QLD (4555)

Palmwoods House: Median price $478,750, Annual capital growth 2.28%, Number of sales 116, Weekly median advertised rent $440

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

Source: CoreLogic

  • House Report

Over the last year, property investments in Palmwoods, 4555 have given investors a capital gain of 2.96%. This compares averagely with the 1.88% for QLD as a whole.

Comparing Palmwoods,4555 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Property investors looking for a bargain in Palmwoods should be aiming for at least -6.23% off the asking price, which is the average vendor discount being achieved at the moment.

In the last year 116 properties changed hands in Palmwoods, which puts it as the 181th most active market in QLD when comparing the number of sales per suburb.

A $440 per week rent on the median house gives suburb investors a gross yield of circa 4.78%, without taking into account capital value appreciation, which has been averaging out at 2.28%.

HOUSE UNIT
$478,750 N/A
0.00% N/A
2.96% N/A
2.28% N/A
$440 N/A
116 N/A
4.78% N/A
71.92 N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (U)
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Demographics
Total population 5491
Median household income ($/weekly) 1132
Median age of persons 40
Median housing loan repayment ($/monthly) 1907
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 915 16.7
    25-34 years 536 9.8
    35-44 years 773 14.1
    45-54 years 809 14.7
    55-64 years 650 11.8
    Others 1809 32.9
    Age Group
    Census Count Percent(%)
    Registered Married 2162 56.7
    Not Married 1250 32.8
    Defacto Relationship 398 10.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 4408 83.7
    Papua New Guinea 222 4.2
    South Africa 38 0.7
    United Kingdom 339 6.4
    Other 107 2.0
    Others 155 2.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 92 1.8
    Christianity 3435 67.9
    Hinduism 6 0.1
    Other Religious Groups 20 0.4
    No Religion 1503 29.7
    Others 3 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 223 13.3
    $600-$799 187 11.1
    $800-$999 165 9.8
    $1,250-$1,499 171 10.2
    $1,500-$1,999 231 13.8
    Others 703 41.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1498 37.0
    Employed, worked full-time 1396 34.5
    Employed, worked part-time 867 21.4
    Unemployed, looking for work 147 3.6
    Employed, away from work 139 3.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 284 11.8
    Professionals 434 18.1
    Technicians & trades workers 382 15.9
    Community & personal service workers 258 10.7
    Clerical & administrative workers 363 15.1
    Others 683 28.4
    Occupation
    Census Count Percent(%)
    Pre-school 72 5.2
    Infants/Primary 616 44.5
    Secondary 397 28.7
    Technical or Further Educational Institution 79 5.7
    University or other Tertiary Institutions 175 12.6
    Others 46 3.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4922 95.3
    Semi-detached, row or terrace house, townhouse 143 2.8
    Caravan, cabin, houseboat 62 1.2
    Flat, unit or apartment 23 0.4
    Improvised home, tent, sleepers out 13 0.3
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 808 43.5
    Fully owned 599 32.2
    Rented 396 21.3
    Other tenure type 55 3.0
    Tenure Type
Census 2011, ABS
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