At number 812th in the list of Australian suburbs ordered by increase in median house value over the last year, Palm Beach, 4221 is in the top 20% with a property value increase of 21.91% recorded in median house prices.
Palm Beach,4221 has offered an average of 21.91% return per annum in house price rises to property investors over the last three years.
Property buyers and investors in Palm Beach 4221 should be seeing an average reduction in asking price of around -4.01% . This means that Palm Beach is holding prices well when compared to other suburbs in QLD.
Often selling an investment property can take time, and in Palm Beach the average time real estate has been on the market is 41.7568 days.
Palm Beach is 643th on a list of best yielding suburbs for rents in QLD with a 3.34% return
Over the last year, property investments in Palm Beach, 4221 have given investors a capital gain of 37.23%. This compares very favourably with the 8.71% for QLD as a whole.
While Palm Beach,4221 ranked number 43th in QLD for increase in median house value (annualised) increase, it is ranked 5th over the last 5 years.
Palm Beach4221 is located in QLD which offers an average discount of -4.64% to property investors. Palm Beach itself is showing figures that indicate -4.24% is the average achievable by property buyers investing in the suburb.
A $470 per week rent on the median house gives suburb investors a gross yield of circa 3.79%, without taking into account capital value appreciation, which has been averaging out at 6.58%.