Suburb Profile Report for Palm Cove QLD (4879)

Palm Cove House: Median price $590,000, Annual capital growth 3.28%, Number of sales 37, Weekly median advertised rent $500

Palm Cove Unit: Median price $275,000, Annual capital growth -4.45%, Number of sales 118, Weekly median advertised rent $330

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

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in Palm Cove have tracked lower than the QLD average of 1.98% over the last 12 months.

Taking the average capital gain, or increase in median house value, Palm Cove,4879 has racked up an average of -8.53% over the period. This ranks it number 2259th in the whole country for real estate investors looking at median house price increases.

LACK OF BUYER INTEREST may well be the reason that Palm Cove is offering property investors an average of -7.32. This rate of discount on properties puts Suburb at number 225th in terms of most discounted suburbs in QLD

Advertised rents are around the $500 mark per week – giving a return of 4.41% based on the median price in Suburb

Giving property investors a an average capital gain of 4.56% for the last year, Palm Cove, 4879 is the 727th highest performer in Australia in this respect.

A -15.90% growth in median value for property investors in Palm Cove,4879 puts this suburb at number 359th in terms of best performing suburbs in QLD

Our latest figures would indicate that property sellers in Palm Cove are currently offering property investors an average price cut of -7.82% below the asking price at the moment.

Palm Cove, 4879’s gross rental yield is 6.24%

HOUSE UNIT
$590,000 $275,000
-2.48% -12.00%
-8.53% 4.56%
3.28% -4.45%
$500 $330
37 118
4.41% 6.24%
98.85 152.49

Source: CoreLogic

DSR Score for property investment : Below 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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Recent sales & rentals