Suburb Profile Report for Palm Beach QLD (4221)

Palm Beach House: Median price $885,000, Annual capital growth 5.34%, Number of sales 215, Weekly median advertised rent $650

Palm Beach Unit: Median price $455,000, Annual capital growth 2.44%, Number of sales 251, Weekly median advertised rent $430

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

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

QLD has seen average median house prices change by 1.17% which means that Palm Beach, 4221 has done well for property investors by showing a capital gain of 9.94% over the last year

Across a shorter period, Palm Beach, 4221 has seen a median price increase of 0.80% over the last quarter.

At number 354th of QLD’s most discounted properties, Palm Beach is in the middle of the state/territory when listing in order of most discounted to least.

Situated 83.80km from the CBD, Palm Beach is one of Gold Coast (C) localities in the postcode 4221.

Palm Beach has had a A very good year for property investment returns compared to the rest of QLD, giving investors a capital gain of 8.98% to date .

Palm Beach,4221 was ranked 772 in Australia by increase in median property value over the quarter.

Property buyers and investors in Palm Beach 4221 should be seeing an average reduction in asking price of around -6.12% . This means that Palm Beach is holding prices well when compared to other suburbs in QLD.

At number 517 in a list of fastest selling suburbs, Palm Beach is in the TOP 40% of suburbs in Australia with an average of days on market 70.9412 for properties listed there.

Palm Beach is 262th on a list of best yielding suburbs for rents in QLD with a 4.91% return

Metrics i HOUSE UNIT
$885,000 $455,000
0.80% 0.55%
9.94% 8.98%
5.34% 2.44%
$650 $430
215 251
3.82% 4.91%
64.7391304347826 70.9411764705882

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Above average (U)
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Demographics
Total population 13956
Median household income ($/weekly) 957
Median age of persons 39
Median housing loan repayment ($/monthly) 2000
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 1499 10.7
    25-34 years 2077 14.9
    35-44 years 1956 14.0
    45-54 years 1925 13.8
    55-64 years 1667 11.9
    Others 4832 34.6
    Age Group
    Census Count Percent(%)
    Not Married 5137 49.1
    Registered Married 4061 38.8
    Defacto Relationship 1265 12.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 10844 82.8
    Papua New Guinea 687 5.2
    South Africa 76 0.6
    United Kingdom 650 5.0
    Other 290 2.2
    Others 543 4.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 182 1.5
    Christianity 8971 71.9
    Hinduism 46 0.4
    Other Religious Groups 68 0.5
    No Religion 3168 25.4
    Others 49 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 500 9.6
    $400-$599 718 13.8
    $600-$799 600 11.6
    $800-$999 524 10.1
    $1,500-$1,999 588 11.3
    Others 2261 43.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3811 35.0
    Not in the labour force 3809 35.0
    Employed, worked part-time 2304 21.2
    Unemployed, looking for work 570 5.2
    Employed, away from work 391 3.6
    Person Characteristics
  • Census Count Percent(%)
    Professionals 1275 19.6
    Technicians & trades workers 1074 16.5
    Community & personal service workers 742 11.4
    Clerical & administrative workers 855 13.1
    Sales 807 12.4
    Others 1754 27.0
    Occupation
    Census Count Percent(%)
    Pre-school 167 6.3
    Infants/Primary 974 36.7
    Secondary 683 25.8
    Technical or Further Educational Institution 287 10.8
    University or other Tertiary Institutions 449 16.9
    Others 92 3.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 7696 59.3
    Semi-detached, row or terrace house, townhouse 1784 13.7
    Flat, unit or apartment 3322 25.6
    Caravan, cabin, houseboat 166 1.3
    Improvised home, tent, sleepers out 5 0.0
    Others 3 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 2487 43.6
    Fully owned 1645 28.8
    Being purchased 1542 27.0
    Other tenure type 28 0.5
    Tenure Type
Census 2011, ABS
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