Property value increases in Palm Beach have tracked just higher than the QLD average of 0.78% over the last 12 months.
If we look at median property appreciation over just the last three months, Palm Beach has given property investors a paper return of 0.00%. This puts Suburb as 345 on a list of fastest fasting appreciating suburbs in QLD
Palm Beach4221 is located in QLD which offers an average discount of -7.01% to property investors. Palm Beach itself is showing figures that indicate -7.18% is the average achievable by property buyers investing in the suburb.
With the median price for a house in Palm Beach being $843300 and the advertised rent reaching $650 the gross rental yield for property investors calculates out to be 4.01%
Giving property investors a a stable capital gain of 2.38% for the last year, Palm Beach, 4221 is the 463th highest performer in Australia in this respect.
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 -6.43. This rate of discount on properties puts Suburb at number 105th in terms of most discounted suburbs in QLD
Advertised rents are around the $420 mark per week – giving a return of 5.08% based on the median price in Suburb