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Palmview, QLD 4553

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Palmview, QLD 4553 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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No Rent Data
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Palmview, QLD 4553”

  1. The total adult population (15 years or older) of Palmview 4553 QLD is 3,939, with a median age of 29. Of those, 46.51% are married, 9.19% are divorced or separated, 42.29% are single and 1.93% are widowed.

    The average household size is 3.0 people per dwelling, and the median household monthly income is estimated to be $9,296. The median monthly mortgage repayment for households in this suburb is $2,000 which is 21.51% of their earnings.

    Source: ABS Census Data (2021)

  2. Nestled within the sun-kissed state of Queensland, resides the quaint suburb of Palmview. Housing an estimated 3,889 households, this suburb exudes an undeniably warm community vibe. Come the 3rd quarter of 2023, the typical price for houses was found to rest comfortably at $847,409. With weekly rents median totalling $649, the indicative yield has presented an enticing figure of 3.98%.

    The socio-economic foundation of Palmview, as indicated by its IRSAD score of 1061 out of 1217, is impressively high. This score underlines the access to economic resources and the relatively high income levels observed amongst locals, making the suburb an attractive proposition for prospective investors. Palmview’s renter to owner ratio sits favourably at 24%, well within the attractive market requirement of 30% and below.

    Given the zero units to houses ratio, Palmview scores high for investors focused on family-oriented clients, who are likely to have longer tenancy periods. The Affordability Index, however, suggests that it would take an average of 36 years to fully own a property in the area – a figure slightly exceeding the average 30-year mortgage timeline, potentially indicating lower levels of affordability.

    When it comes to supply metrics, the stock on market Percentage for houses was noted to be 1.28%, a neutral marker in terms of supply. The suburb’s inventory level was accounted at 3.3 months, pointing towards a healthy absorption rate and supply situation. The building approvals ratio nudges slightly into an increased supply zone at 2.28%, advising prospective investors to exercise a cautious optimism.

    The property market in Palmview also boasts a strong demand, reflected in the lower days on market for houses that averages 29 days. However, the combined vacancy rate for both houses and units seems a tad high at 4.73%. Nonetheless, the rental search index tilted favourably, indicating a strong demand by hitting the high note at 6.

    In conclusion, while some metrics edge slightly into the less favourable zones, the majority, particularly the yield and socio-economic score, indicate Palmview as a potentially worthwhile opportunity for property investment, particularly for those geared towards family residential ventures. As ever, keep watching the trends, particularly the RCS which aggregates over 80 metrics into a consolidated view, to ensure your investment decisions are well-calculated and informed.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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