Investment property in Palm Cove has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -8.24%
Over the longer term, Palm Cove has seen property prices show investors a 12.50% return over the last 3 years. This is worse than over the last 12 months
Palm Cove, 4879 is offering QLD ‘s 245th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 30% of discounts offered by this QLD.
At number 2218 in a list of fastest selling suburbs, Palm Cove is just in the bottom half of suburbs in Australia with an average of days on market 87.89 for properties listed there.
Advertised rents are around the $455 mark per week – giving a return of 4.04% based on the median price in Suburb
Over the last year, property investments in Palm Cove, 4879 have given investors a capital gain of 15.69%. This compares very favourably with the 1.47% for QLD as a whole.
Across a shorter period, Palm Cove, 4879 has seen a median price increase of 4.61% over the last quarter.
State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.70% offered to property buyers. Sellers in Palm Cove itself are offering an average vendor discount of -7.00% to real estate investors.