Suburb Profile Report for Palmwoods QLD (4555)

Palmwoods House: Median price $558,250, Annual capital growth 1.86%, Number of sales 109, Weekly median advertised rent $460

  • 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 Palmwoods have tracked just higher than the QLD average of 0.78% over the last 12 months.

Comparing Palmwoods,4555 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

The most recent median price for Palmwoods is $558250, with sellers offering an average of -5.29% off the asking price.

At number 1179 in a list of fastest selling suburbs, Palmwoods is in the TOP 40% of suburbs in Australia with an average of days on market 66.5444 for properties listed there.

Advertised rents are around the $460 mark per week – giving a return of 4.28% based on the median price in Suburb

Metrics i HOUSE UNIT
$558,250 N/A
0.22% N/A
3.96% N/A
1.86% N/A
$460 N/A
109 N/A
4.28% N/A
66.5444444444445 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 : Above average (H), Below average (U)
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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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