At number 192th in the list of Australian suburbs ordered by increase in median house value over the last year, Palm Beach, 2108 is in the top 10% with a property value increase of 18.28% recorded in median house prices.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Palm Beach has increased when compared to the 5 year average annual rate.
LACK OF BUYER INTEREST may well be the reason that Palm Beach is offering property investors an average of -7.38. This rate of discount on properties puts Suburb at number 59th in terms of most discounted suburbs in NSW
At number 3543 in a list of fastest selling suburbs, Palm Beach is in the bottom 10% of suburbs in Australia with an average of days on market 144.741 for properties listed there.
Palm Beach is 1176th on a list of best yielding suburbs for rents in NSW with a 1.72% return