Property value increases in Palm Cove have tracked lower than the QLD average of 2.39% over the last 12 months.
If we look at median property appreciation over just the last three months, Palm Cove has given property investors a paper return of -3.23%. This puts Suburb as 753 on a list of fastest fasting appreciating suburbs in QLD
Sellers are offering property buyers an average discount of -6.53% to buyers in Palm Cove at the moment, which is less than average for the rest of QLD.
On average over the past year, suburb has had 3.25 sales per month, which equates to 39 per year.
Palm Cove, 4879’s gross rental yield is 4.70%
With a capital gain of -1.39% for the last 12 months, Palm Cove, 4879 has performed for property investments than its average annual -4.09% property growth over the last 5 years.
The five-year average increase in median property values for Palm Cove,4879 has given property investors a potential capital gain of 13.20% across each of those five years.
Property investors looking for a bargain in Palm Cove should be aiming for at least -8.56% off the asking price, which is the average vendor discount being achieved at the moment.