Suburb Profile Report for Palmwoods QLD (4555)

Palmwoods House: Median price $572,000, Annual capital growth 2.06%, Number of sales 149, Weekly median advertised rent $480

House
Unit

Source: CoreLogic RP Data

Median price
Number of sales

Source: Monthly data update for Jan 2021 as supplied by CoreLogic. Data is reported to the period ending Oct 2020. Please note that property sales data is routinely updated, so may change retrospectively.

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House Report

Over the last year, property investments in Palmwoods, 4555 have given investors a capital gain of 1.24%. This compares badly with the 5.13% for QLD as a whole.

Across a shorter period, Palmwoods, 4555 has seen a median price increase of 1.24% over the last quarter.

Property buyers and investors in Palmwoods 4555 should be seeing an average reduction in asking price of around -3.47% . This means that Palmwoods is holding prices well when compared to other suburbs in QLD.

Property investors should expect to get $480 weekly from the median priced house in this suburb.

Metrics	HOUSE	UNIT
Median price	$572,000	N/A
Quarterly growth	1.24%	N/A
12-month growth	1.24%	N/A
Average Annual Growth	2.06%	N/A
Weekly median advertised rent	$480	N/A
Number of sales	149	N/A
Gross rental yield	4.36%	N/A
Days on market	65.0652173913043	N/A

DSR Score for property investment : Good (H), Balanced (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