Suburb Profile Report for Palm Beach NSW (2108)

Palm Beach House: Median price $3,371,000, Annual capital growth 4.61%, Number of sales 57, Weekly median advertised rent $1,113

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

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report

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

Metrics i HOUSE UNIT
$3,371,000 N/A
-0.85% N/A
18.28% N/A
4.61% N/A
$1,113 N/A
57 N/A
1.72% N/A
144.740740740741 N/A

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Below average (H), Below average (U)
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Demographics
Total population 1596
Median household income ($/weekly) 1865
Median age of persons 53
Median housing loan repayment ($/monthly) 3000
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 143 9.0
    35-44 years 152 9.5
    45-54 years 231 14.5
    55-64 years 309 19.3
    65-74 years 292 18.3
    Others 470 29.4
    Age Group
    Census Count Percent(%)
    Registered Married 625 56.5
    Not Married 380 34.3
    Defacto Relationship 102 9.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 1174 78.8
    Papua New Guinea 33 2.2
    United Kingdom 127 8.5
    United States of America 26 1.7
    Other 52 3.5
    Others 78 5.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 26 1.8
    Christianity 962 66.9
    Hinduism 7 0.5
    Judaism 10 0.7
    No Religion 426 29.6
    Others 6 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 52 10.7
    $2,000-$2,499 48 9.9
    $2,500-$2,999 72 14.8
    $3,000-$3,499 46 9.4
    $4,000 or more 45 9.2
    Others 224 46.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 497 39.1
    Employed, worked full-time 392 30.8
    Employed, worked part-time 306 24.1
    Employed, away from work 41 3.2
    Unemployed, looking for work 35 2.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 159 21.4
    Professionals 238 32.0
    Technicians & trades workers 67 9.0
    Clerical & administrative workers 91 12.2
    Sales 66 8.9
    Others 122 16.4
    Occupation
    Census Count Percent(%)
    Pre-school 27 9.6
    Infants/Primary 90 31.9
    Secondary 76 27.0
    Technical or Further Educational Institution 21 7.4
    University or other Tertiary Institutions 60 21.3
    Others 8 2.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1031 77.8
    Semi-detached, row or terrace house, townhouse 247 18.6
    Flat, unit or apartment 44 3.3
    House or flat attached to a shop, office 4 0.3
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 278 49.5
    Rented 147 26.2
    Being purchased 130 23.1
    Other tenure type 7 1.2
    Tenure Type
Census 2011, ABS
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