Suburb Profile Report for Palm Cove QLD (4879)

Palm Cove House: Median price $530,000, Annual capital growth 2.42%, Number of sales 37, Weekly median advertised rent $473

Palm Cove Unit: Median price $272,500, Annual capital growth -4.87%, Number of sales 112, Weekly median advertised rent $330

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Giving property investors a a poor capital gain of -28.48% for the last year, Palm Cove, 4879 is the 4156th highest performer in Australia in this respect.

Palm Cove,4879 has offered an average of -28.48% return per annum in house price rises to property investors over the last three years.

State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.32% offered to property buyers. Sellers in Palm Cove itself are offering an average vendor discount of -6.80% to real estate investors.

Property investors should expect to get $472.5 weekly from the median priced house in this suburb.

Palm Cove has had a pretty average year for property investment returns compared to the rest of QLD, giving investors a capital gain of 0.28% to date .

Over the longer term, Palm Cove has seen property prices show investors a 14.14% return over the last 3 years. This is worse than over the last 12 months

Palm Cove4879 is located in QLD which offers an average discount of -6.14% to property investors. Palm Cove itself is showing figures that indicate -8.07% is the average achievable by property buyers investing in the suburb.

Residents and property investors in Palm Cove have been waiting around 162.85 days to sell a property.

Palm Cove is 63th on a list of best yielding suburbs for rents in QLD with a 6.30% return

Metrics i HOUSE UNIT
$530,000 $272,500
-8.62% -4.39%
-28.48% 0.28%
2.42% -4.87%
$473 $330
37 112
4.64% 6.30%
84.16 162.85

Source: CoreLogic

DSR Score for property investment : Above average (H), Balanced (U)
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Demographics
Total population 1656
Median household income ($/weekly) 1051
Median age of persons 45
Median housing loan repayment ($/monthly) 1842
Average household size 2.1
  • Census Count Percent(%)
    25-34 years 185 11.2
    35-44 years 282 17.0
    45-54 years 286 17.3
    55-64 years 296 17.9
    65-74 years 183 11.0
    Others 425 25.6
    Age Group
    Census Count Percent(%)
    Registered Married 616 52.6
    Not Married 408 34.8
    Defacto Relationship 148 12.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 969 65.8
    Greece 21 1.4
    Papua New Guinea 82 5.6
    United Kingdom 210 14.3
    Other 59 4.0
    Others 132 9.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 34 2.4
    Christianity 930 65.1
    Islam 11 0.8
    Judaism 6 0.4
    No Religion 442 30.9
    Others 6 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 56 9.4
    $600-$799 81 13.7
    $800-$999 74 12.5
    $1,250-$1,499 56 9.4
    $1,500-$1,999 73 12.3
    Others 253 42.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 541 42.6
    Not in the labour force 373 29.3
    Employed, worked part-time 232 18.3
    Employed, away from work 71 5.6
    Unemployed, looking for work 54 4.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 160 19.0
    Professionals 168 19.9
    Technicians & trades workers 117 13.9
    Community & personal service workers 104 12.3
    Sales 99 11.7
    Others 195 23.1
    Occupation
    Census Count Percent(%)
    Pre-school 12 5.3
    Infants/Primary 88 39.1
    Secondary 46 20.4
    Technical or Further Educational Institution 30 13.3
    University or other Tertiary Institutions 45 20.0
    Others 4 1.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 901 61.8
    Flat, unit or apartment 375 25.7
    Semi-detached, row or terrace house, townhouse 165 11.3
    Caravan, cabin, houseboat 16 1.1
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 313 47.8
    Being purchased 180 27.5
    Fully owned 156 23.8
    Other tenure type 6 0.9
    Tenure Type
Census 2011, ABS
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