Palm Beach

POSTAL CODE: QLD, 4221
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A survey of average capital gains or median home price increase in suburbs across the country shows that the QLD suburb obtained a 10.99% growth over a ten-year period. It ranks 4184th on our list of suburbs that property investors should look into.

PALM BEACH, 4221 has a capital gain of 0% for the past year, which is lower than average compared to its 91.26% growth within a five-year period.

With the median home price in PALM BEACH sitting at $1,750,000, and the average rent at $900, property owners could potentially earn a 2.67% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in PALM BEACH are low, as opposed to average gains per annum over the past five years.

PALM BEACH, 4221 in QLD belongs to the local government area of Gold Coast.

Surburb overview

Palm Beach is a coastal suburb on Queensland's Gold Coast, approximately 19.2 kilometres south of Surfers Paradise and about 92.2 kilometres southeast of Brisbane. The suburb is renowned for its pristine beaches and relaxed atmosphere, making it a desirable location for residents and visitors.

As of the 2021 census, Palm Beach had a population of 16,349, reflecting steady growth from 14,654 in 2016. The community comprises a diverse mix of families, professionals, and retirees attracted by the suburb's coastal lifestyle and amenities.

The real estate market in Palm Beach has experienced significant appreciation in recent years. The median house price is approximately $1,730,000, with an annual capital growth of 15.72%. Rental yields for houses are around 3.33%, with a median rent of $950 per week. Units have a median price of $960,000, showing an annual growth of 13.27%, and offer rental yields of about 4.22%, with a median rent of $750 per week.

Palm Beach offers a range of amenities, including shopping centres, cafes, and restaurants. The suburb is also home to several parks and recreational areas, providing residents with ample opportunities for outdoor activities. Educational institutions such as Palm Beach State School and Palm Beach Currumbin State High School serve the local community.

Public transport is accessible, with TransLink bus services connecting Palm Beach to other parts of the Gold Coast. The Pacific Motorway is nearby, offering convenient access for commuters travelling to Brisbane and surrounding regions.

Recent developments in Palm Beach include the construction of luxury residential complexes, reflecting the suburb's growing appeal. For instance, the Seaclusion development, a nine-storey boutique project, has attracted attention for its modern design and proximity to the beach.

Palm Beach combines a relaxed coastal lifestyle with modern conveniences, making it a sought-after suburb on Queensland's Gold Coast.

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