At number 3945th 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 -11.57% recorded in median house prices.
Taking the average capital gain, or increase in median house value, Palm Cove,4879 has racked up an average of -11.57% over the period. This ranks it number 3594th in the whole country for real estate investors looking at median house price increases.
At number 371th of QLD’s most discounted properties, Palm Cove is in the middle of the state/territory when listing in order of most discounted to least.
On average over the past year, suburb has had 3.25 sales per month, which equates to 39 per year.
Palm Cove is 393th on a list of best yielding suburbs for rents in QLD with a 4.64% return
Over the last year, property investments in Palm Cove, 4879 have given investors a capital gain of -8.80%. This compares very badly with the 0.74% for QLD as a whole.
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.
Sellers are offering property buyers an average discount of -9.00% to buyers in Palm Cove at the moment, which is less than average for the rest of QLD.
Residents and property investors in Palm Cove have been waiting around 147.82 days to sell a property.
Renters in Suburb are facing rents around $3900 per annum or $325 every week.