Suburb Profile

Suburb profile for,

Palm Beach, QLD

Located in the dynamic state of QLD (postcode 4221), PALM BEACH is a vibrant real estate market. This suburb holds a median house price of $1,464,750 and has demonstrated an average buying growth of Down -2.3%. Last month, 66 houses were available, with 152 transactions completed in the past year. Properties spend around 46 days on the market, reflecting the area's demand with 4320 interested buyers. The average rental yield stands at 3.4%, with a weekly median rent of $650 per week and an average rent growth of Up 18.8%. Rental properties usually stay on the market for 16 days. The population in 2016 was 14689, which changed by +5.30% in the past five years. The median weekly household income is $1,248, reflecting an income change of +29.73% over the past five years. Residents have a median age of 40 years, and the suburb has an average annual growth for houses of +13.20%. To fully take advantage of PALM BEACH's prosperous real estate market and substantial buyer interest, rely on Handle Properties. As the best buyers agent in PALM BEACH, Handle provides end-to-end property investment services, backed by data and experts.

SUBURB DATA

Quantitative data for,

Palm Beach, QLD

The quantitative data below has been compiled on 30th May 2023 from a range of third party sources using a variety of manual methods. Handle does not guarantee the accuracy of this data shown below.
State
QLD
Suburb
PALM BEACH
Postcode
4221
Median price for all dwellings
$1,464,750
Last 12 months growth return
Down -2.3%
Avg. dwellings for sale in the suburb every month
66
Avg. dwellings sold in the suburb in previous 12 months
152
Avg days on market for a dwelling listing to sell
46 days
Avg. number of people searching in this suburb every month
4320
Avg. rental yield per annum
3.40%
Weekly median rent for all dwellings
$650 per week
Median price for all houses
$1,464,750
Avg. rental yield growth in the previous 12 months
3.40%
Avg. days for a rental listing to find a tennant
16 days
Total suburb population in 2016
14689
Total suburb population change in 5 years up to 2016
5.30%
Avg. household income per week
$1,248
Median age of the population in the suburb
40
Historic avg annual growth return per annum in the suburb
13.20%

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