At number 4064th 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 -16.13% recorded in median house prices.
Over the longer term, Palm Cove has seen property prices show investors a -6.25% return over the last 3 years. This is worse than over the last 12 months
Vendor discounting in Palm Cove is giving property investors an average Vendor Discount of around -6.80%. This puts suburb at number 359th in QLD when ranking the most discounted suburbs.
QLD has seen average median house prices change by 0.66% which means that Palm Cove, 4879 has done well for property investors by showing a capital gain of -5.67% over the last year
Palm Cove,4879 was ranked 1022 in Australia by increase in median property value over the quarter.
State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.08% offered to property buyers. Sellers in Palm Cove itself are offering an average vendor discount of -8.67% to real estate investors.
On average over the past year, suburb has had 9.67 sales per month, which equates to 116 per year.
Palm Cove, 4879’s gross rental yield is 6.02%