Suburb Profile Report for Palmwoods QLD (4555)

Palmwoods House: Median price $545,000, Annual capital growth 1.59%, Number of sales 109, Weekly median advertised rent $465

House
Unit

Source: CoreLogic RP Data

Median price
Number of sales

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

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House Report

Property value increases in Palmwoods have tracked just lower than the QLD average of 1.17% over the last 12 months.

A 16.08% growth in median value for property investors in Palmwoods,4555 puts this suburb at number 685th in terms of best performing suburbs in QLD

State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.78% offered to property buyers. Sellers in Palmwoods itself are offering an average vendor discount of -4.89% to real estate investors.

Often selling an investment property can take time, and in Palmwoods the average time real estate has been on the market is 81.4878 days.

The QLD suburb of Palmwoods, 4555 is in the Sunshine Coast (R) local government area.

Metrics	HOUSE	UNIT
Median price	$545,000	N/A
Quarterly growth	-1.36%	N/A
12-month growth	-2.42%	N/A
Average Annual Growth	1.59%	N/A
Weekly median advertised rent	$465	N/A
Number of sales	109	N/A
Gross rental yield	4.44%	N/A
Days on market	81.4878048780488	N/A

DSR Score for property investment : Above average (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