Property investors who have had real estate in Palm Cove, 4879 should be unhappy with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -19.49%
Across a shorter period, Palm Cove, 4879 has seen a median price increase of -8.29% over the last quarter.
Sellers are offering property buyers an average discount of -6.97% to buyers in Palm Cove at the moment, which is less than average for the rest of QLD.
Often selling an investment property can take time, and in Palm Cove the average time real estate has been on the market is 89 days.
Advertised rents are around the $470 mark per week – giving a return of 4.33% based on the median price in Suburb
QLD has seen average median house prices change by 1.70% which means that Palm Cove, 4879 has done well for property investors by showing a capital gain of 0.00% over the last year
Over the longer term, Palm Cove has seen property prices show investors a 7.57% 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 -5.97% to property investors. Palm Cove itself is showing figures that indicate -8.46% is the average achievable by property buyers investing in the suburb.
Property investors should expect to get $330 weekly from the median priced house in this suburb.