Property value increases in Palm Cove have tracked lower than the QLD average of 1.98% over the last 12 months.
Taking the average capital gain, or increase in median house value, Palm Cove,4879 has racked up an average of -8.53% over the period. This ranks it number 2259th in the whole country for real estate investors looking at median house price increases.
LACK OF BUYER INTEREST may well be the reason that Palm Cove is offering property investors an average of -7.32. This rate of discount on properties puts Suburb at number 225th in terms of most discounted suburbs in QLD
Advertised rents are around the $500 mark per week – giving a return of 4.41% based on the median price in Suburb
Giving property investors a an average capital gain of 4.56% for the last year, Palm Cove, 4879 is the 727th highest performer in Australia in this respect.
A -15.90% growth in median value for property investors in Palm Cove,4879 puts this suburb at number 359th in terms of best performing suburbs in QLD
Our latest figures would indicate that property sellers in Palm Cove are currently offering property investors an average price cut of -7.82% below the asking price at the moment.
Palm Cove, 4879’s gross rental yield is 6.24%