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Palm Beach, QLD 4221

Home » QLD Real Estate Data » Gold Coast City, QLD » Palm Beach, QLD 4221

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 Palm Beach, QLD 4221 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 

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Rent 

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Yield 

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Buy 

1BR

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Rent 

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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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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 “Palm Beach, QLD 4221”

  1. The total adult population (15 years or older) of Palm Beach 4221 QLD is 13,741, with a median age of 39. Of those, 39.57% are married, 15.14% are divorced or separated, 40.75% are single and 4.56% are widowed.

    The average household size is 2.3 people per dwelling, and the median household monthly income is estimated to be $8,876. The median monthly mortgage repayment for households in this suburb is $2,093 which is 23.58% of their earnings.

    Source: ABS Census Data (2021)

  2. Housing in the suburb of PALM BEACH 4221, situated in the scenic state of QLD, carry an exemplary charm with an estimation of 9064 households. As we venture through Q3 of 2023, the typical prices for houses in this area are registering at a notable $1,625,164. These homes are attracting a median weekly rent at $925, which produces an indicative yield of 2.96%, slightly below the 3% threshold considered attractive for cashflow-focused investors.

    The IRSAD score, a socio-economic indicator, stands solid at 1034 out of a possible 1217, reflecting an above average socio-economic status among residents. Interesting to note is the renter to owner ratio, which stands at 37%, a bit higher than the ideal of 30%. This could suggest a fairly fluid property market, with slightly higher competition among rental property owners.

    Addressing the units to houses ratio, they teeter just over the balanced line at 51%, indicating a borderline over-saturation of unit-type dwellings and potentially influencing the rental competition.

    Affordability is a critical aspect for potential homeowners and investors alike. However, in Palm Beach, the affordability index for houses exhibits a high value of 72 years, indicating a lowered affordability for prospective buyers.

    In terms of supply, stock on market Percentage for houses in Palm Beach stands quite favourably at 0.39%, indicating low availability of unsold houses, while the inventory level resonates with a similar tone at a mere 0.89 months, implying a quick absorption rate of new listings.

    Building Approvals Ratio for houses enhances this perspective, standing at a low 0.96%, suggesting limited supply of new dwelling stock in the market. Measuring the velocity of the market, the average days on market for houses hovers at a brief 24 days, indicating higher demand. The combined vacancy rate for houses and units in Palm Beach is moderate at 2.51%, which signifies a reasonable balance of supply and demand.

    Lastly, the buy search index for houses stands at an average 5. This indicates a level interest from potential buyers, in par with the state and city averages.

    While Palm Beach demonstrates some favourable market fundamentals, its questionable affordability and unit saturation prominent among them. However, varying key factors can notably sway the market’s favourability. Hence, always consider the comprehensive property market data and emerging trends when contemplating your investment decisions.

    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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