QLD has seen average median house prices change by 2.45% which means that Palm Cove, 4879 has done well for property investors by showing a capital gain of -13.82% over the last year
Over the longer term, Palm Cove has seen property prices show investors a -6.19% return over the last 3 years. This is worse than over the last 12 months
At number 460th 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.
A $497.5 per week rent on the median house gives suburb investors a gross yield of circa 4.88%, without taking into account capital value appreciation, which has been averaging out at 1.89%.
Giving property investors a a solid capital gain of 14.91% for the last year, Palm Cove, 4879 is the 294th highest performer in Australia in this respect.
Across a shorter period, Palm Cove, 4879 has seen a median price increase of 14.91% over the last quarter.
State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.98% offered to property buyers. Sellers in Palm Cove itself are offering an average vendor discount of -8.42% to real estate investors.
With the median price for a house in Palm Cove being $327500 and the advertised rent reaching $330 the gross rental yield for property investors calculates out to be 5.24%