Suburb Profile Report for Palm Beach QLD (4221)

Palm Beach House: Median price $843,300, Annual capital growth 5.16%, Number of sales 189, Weekly median advertised rent $650

Palm Beach Unit: Median price $430,000, Annual capital growth 1.83%, Number of sales 221, Weekly median advertised rent $420

  • 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
  • Unit Report

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

Metrics i HOUSE UNIT
$843,300 $430,000
0.00% 3.74%
5.91% 2.38%
5.16% 1.83%
$650 $420
189 221
4.01% 5.08%
70.7533333333333 68.2944785276074

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 : Above average (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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