The Palms

POSTAL CODE: QLD, 4570

HOUSE

Property investors have seen a 3.58% gain in THE PALMS based on an increase in median home prices for the past three months.

Homeowners and real estate investors betting on THE PALMS, 4570 can rest assured about this QLD suburb's performance. The suburb saw median home prices rise by 11.87%.

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 $839,000

Profits averaged 9% 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 N/A based on current median home prices for the suburb.

The gross rental yield in THE PALMS, 4570 is N/A.

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

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$839,000	N/A
Growth Report
Median Quarterly	3.58%	N/A
Median 12 month	11.87%	N/A
Median 3 years	27.12%	N/A
Median 5 years	140.4%	N/A
10 years average annual	10.88%	N/A
Weekly media advert. rent	N/A	N/A
Time on Market	63.8 days	N/A
Gross Rental Yield Percent	0%	N/A

Demographics (Median Values)*

Total Population 711

Weekly Household Income 715.6

Household Size 2.60

Average Age 38

Monthly Loan Repayment 914

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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