Powered by MOMENTUM MEDIA
AREA REPORTS

The Palms

Suburb Profile

The Palms - FREE SUBURB PROFILE REPORT
POSTAL CODE: QLD,4570

house

Property investors have seen a 4.5% gain in THE PALMS based on an increase in median home prices for the past three months.

Based on its average 5-year and quarterly capital gains THE PALMS, 4570 saw average growth in the long term.

The QLD suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $383,500

Profits averaged 10.75% per annum over a 3-year period, due to an upward trend in home prices in THE PALMS, 4570.

This means, real estate investors could earn a rental income of $380 based on current median home prices for the suburb.

The gross rental yield in THE PALMS, 4570 is 5.15%.

An average of 2.33 real estate transactions take place per month in THE PALMS which translates to 28 per annum.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $383,500 N/A
GROWTH REPORT
Median Quarterly 4.5% N/A
Median 12 month 9.26% N/A
Median 3 years 32.24% N/A
Median 5 years 43.1% N/A
10 years average annual 1.84% N/A
Weekly media advert. rent $380 N/A
Time on Market 47.2 days N/A
Gross Rental Yield Percent 5.15% N/A
demographics (median values)
Total Population
711
Weekly Household Income
715.6
Household Size
2.60
demographics
select a category
Age group
Top 10 Birth Countries
Dwelling Structures
Education
Household Income
Labour Force
Marital Status
Occupation
Religious Affiliation
Tenure Type

Subscribe to get the latest news and updates

Strata corporations offer lifeline amid health crisis

Strata corporations offer lifeline amid health crisis

In order to alleviate financial pressure, owners who are unable to pay levies due to job loss or tenants not paying rent because of the ongo...

Industry weighs in on banking sector

The banking sector has been warned not to pay a dividend to shareholders, with the property sector agreeing, believing they have already had...

How to save commercial property during COVID-19 outbreak

How to save commercial property during COVID-19 outbreak

The state government is being urged to save the commercial sector by allowing landlords a 12-month hiatus from land taxes. ...

Penny Lipscombe

‘Tenants should pay what they can’: WA commissioner

Western Australian tenants are being urged to continue to pay their rent unless they are genuinely experiencing financial hardship in the mi...

renovating

5 things to think about while renovating mid-COVID-19

With a number of social restrictions now in place, many people mid-renovation are wondering if, or how, they can continue. So, what can you ...

Airbnb declared illegal in NSW

Airbnb declared illegal in NSW

As a result of the COVID-19 pandemic, market-leading service Airbnb has been declared illegal in NSW. ...

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.