At number 4011th in the list of Australian suburbs ordered by increase in median house value over the last year, Palm Cove, 4879 is in the BOTTOM 10% with a property value increase of -15.74% recorded in median house prices.
When looking at the potential capital gains offered to property investors over the last 3 years, Palm Cove comes in at number 568th in QLD.
LACK OF BUYER INTEREST may well be the reason that Palm Cove is offering property investors an average of -7.29. This rate of discount on properties puts Suburb at number 378th in terms of most discounted suburbs in QLD
On average over the past year, suburb has had 3.08 sales per month, which equates to 37 per year.
Situated 1408.41km from the CBD, Palm Cove is one of Cairns localities in the postcode 4879.
If you compare the increase in value of investment property in Palm Cove, 4879 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this QLD suburb was 3.89%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Palm Cove has increased when compared to the 5 year average annual rate.
Property buyers and investors in Palm Cove 4879 should be seeing an average reduction in asking price of around -7.88% . This means that Palm Cove is holding prices well when compared to other suburbs in QLD.
Often selling an investment property can take time, and in Palm Cove the average time real estate has been on the market is 157.19 days.
The QLD suburb of Palm Cove, 4879 is in the Cairns local government area.