At number 819th 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 16.10% recorded in median house prices.
Palm Beach,4221 has offered an average of 16.10% return per annum in house price rises to property investors over the last three years.
Vendor discounting in Palm Beach is giving property investors an average Vendor Discount of around -1.72%. This puts suburb at number 65th in QLD when ranking the most discounted suburbs.
Palm Beach is 615th on a list of best yielding suburbs for rents in QLD with a 3.81% return
At number 575th in the list of Australian suburbs ordered by increase in median house value over the last year, Palm Beach, 4221 is in the top 40% with a property value increase of 8.68% recorded in median house prices.
While Palm Beach,4221 ranked number 73th in QLD for increase in median house value (annualised) increase, it is ranked 39th over the last 5 years.
LACK OF BUYER INTEREST may well be the reason that Palm Beach is offering property investors an average of -3.49. This rate of discount on properties puts Suburb at number 16th in terms of most discounted suburbs in QLD
Residents and property investors in Palm Beach have been waiting around 12.07 days to sell a property.
Advertised rents are around the $410 mark per week – giving a return of 4.90% based on the median price in Suburb