Suburb Profile Report for Palmwoods QLD (4555)

Palmwoods House: Median price $520,000, Annual capital growth 2.46%, Number of sales 125, Weekly median advertised rent $450

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

Source: CoreLogic

  • House Report

At number 1785th in the list of Australian suburbs ordered by increase in median house value over the last year, Palmwoods, 4555 is in the top half with a property value increase of 9.19% recorded in median house prices.

While Palmwoods,4555 ranked number 364th in QLD for increase in median house value (annualised) increase, it is ranked 264th over the last 5 years.

Property buyers and investors in Palmwoods 4555 should be seeing an average reduction in asking price of around -2.88% . This means that Palmwoods is holding prices well when compared to other suburbs in QLD.

At number 48 in a list of fastest selling suburbs, Palmwoods is in the TOP 10% of suburbs in Australia with an average of days on market 7.7 for properties listed there.

Palmwoods is 440th on a list of best yielding suburbs for rents in QLD with a 4.50% return

Metrics i HOUSE UNIT
$520,000 N/A
0.97% N/A
9.19% N/A
2.46% N/A
$450 N/A
125 N/A
4.50% N/A
7.7 N/A

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
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Demographics
Total population 5491
Median household income ($/weekly) 1132
Median age of persons 40
Median housing loan repayment ($/monthly) 1907
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 915 16.7
    25-34 years 536 9.8
    35-44 years 773 14.1
    45-54 years 809 14.7
    55-64 years 650 11.8
    Others 1809 32.9
    Age Group
    Census Count Percent(%)
    Registered Married 2162 56.7
    Not Married 1250 32.8
    Defacto Relationship 398 10.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 4408 83.7
    Papua New Guinea 222 4.2
    South Africa 38 0.7
    United Kingdom 339 6.4
    Other 107 2.0
    Others 155 2.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 92 1.8
    Christianity 3435 67.9
    Hinduism 6 0.1
    Other Religious Groups 20 0.4
    No Religion 1503 29.7
    Others 3 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 223 13.3
    $600-$799 187 11.1
    $800-$999 165 9.8
    $1,250-$1,499 171 10.2
    $1,500-$1,999 231 13.8
    Others 703 41.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1498 37.0
    Employed, worked full-time 1396 34.5
    Employed, worked part-time 867 21.4
    Unemployed, looking for work 147 3.6
    Employed, away from work 139 3.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 284 11.8
    Professionals 434 18.1
    Technicians & trades workers 382 15.9
    Community & personal service workers 258 10.7
    Clerical & administrative workers 363 15.1
    Others 683 28.4
    Occupation
    Census Count Percent(%)
    Pre-school 72 5.2
    Infants/Primary 616 44.5
    Secondary 397 28.7
    Technical or Further Educational Institution 79 5.7
    University or other Tertiary Institutions 175 12.6
    Others 46 3.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4922 95.3
    Semi-detached, row or terrace house, townhouse 143 2.8
    Caravan, cabin, houseboat 62 1.2
    Flat, unit or apartment 23 0.4
    Improvised home, tent, sleepers out 13 0.3
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 808 43.5
    Fully owned 599 32.2
    Rented 396 21.3
    Other tenure type 55 3.0
    Tenure Type
Census 2011, ABS
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