Suburb Profile Report for Palmview QLD (4553)

Palmview House: Median price $533,900, Annual capital growth 1.16%, Number of sales 75, Weekly median advertised rent $495

  • 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

Property value increases in Palmview have tracked lower than the QLD average of 0.78% over the last 12 months.

When looking at the potential capital gains offered to property investors over the last 3 years, Palmview comes in at number 829th in QLD.

Palmview4553 is located in QLD which offers an average discount of -7.01% to property investors. Palmview itself is showing figures that indicate -7.15% is the average achievable by property buyers investing in the suburb.

Often selling an investment property can take time, and in Palmview the average time real estate has been on the market is 116.5 days.

A $495 per week rent on the median house gives suburb investors a gross yield of circa 4.82%, without taking into account capital value appreciation, which has been averaging out at 1.16%.

Metrics i HOUSE UNIT
$533,900 N/A
-2.93% N/A
-5.35% N/A
1.16% N/A
$495 N/A
75 N/A
4.82% N/A
116.5 N/A

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 : Below average (H), Below average (U)
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Demographics
Total population 573
Median household income ($/weekly) 1460
Median age of persons 39
Median housing loan repayment ($/monthly) 2254
Average household size 3
  • Census Count Percent(%)
    5-14 years 98 17.1
    25-34 years 54 9.4
    35-44 years 82 14.3
    45-54 years 103 18.0
    55-64 years 89 15.5
    Others 147 25.7
    Age Group
    Census Count Percent(%)
    Registered Married 251 61.5
    Not Married 124 30.4
    Defacto Relationship 33 8.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 449 83.3
    Papua New Guinea 18 3.3
    South Africa 8 1.5
    United Kingdom 27 5.0
    Other 22 4.1
    Others 15 2.8
    Country of Birth
    Census Count Percent(%)
    Christianity 383 71.6
    No Religion 144 26.9
    Buddhism 5 0.9
    Other Religious Groups 3 0.6
    Hinduism 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $800-$999 17 11.3
    $1,000-$1,249 15 9.9
    $1,250-$1,499 19 12.6
    $1,500-$1,999 17 11.3
    $2,000-$2,499 20 13.2
    Others 63 41.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 166 39.9
    Not in the labour force 119 28.6
    Employed, worked part-time 94 22.6
    Unemployed, looking for work 20 4.8
    Employed, away from work 17 4.1
    Person Characteristics
  • Census Count Percent(%)
    Managers 46 16.5
    Professionals 39 14.0
    Technicians & trades workers 48 17.3
    Clerical & administrative workers 34 12.2
    Sales 32 11.5
    Others 79 28.4
    Occupation
    Census Count Percent(%)
    Pre-school 6 3.7
    Infants/Primary 56 34.8
    Secondary 59 36.6
    Technical or Further Educational Institution 12 7.5
    University or other Tertiary Institutions 24 14.9
    Others 4 2.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 538 99.4
    Improvised home, tent, sleepers out 3 0.6
    Semi-detached, row or terrace house, townhouse 0 0.0
    Flat, unit or apartment 0 0.0
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 83 49.1
    Fully owned 53 31.4
    Rented 33 19.5
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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