Palm Cove QLD 4879

Here you can find what you need to know about Palm Cove, QLD, including house prices in the area, median values, annual growth, recent sale prices, maps, a suburb profile and much more.

Suburb Insights
for Houses in last 12 months

At a Glance

$545k Median Sale Price (National Average $485k) 538th In QLD
-2.50% Median Price Change (1 yr) (National Average 4.30%) 2177th In QLD
$550pw Median Rent (National Average $395) 168th In QLD
5.2% Median Gross Yield (National Average 4.24%) 519th In QLD
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Properties sold 43
Average discounting -14.20%
Average Days on Market 110
Stock on Market 33 for sale

Investment Strategy Scores

See how this property rates against different investment strategies. Learn more

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How we calculate the suburb Cash Flow Score

The suburb Cash Flow Score is simply the average of all the individual Cash Flow Scores for each property in that suburb.

A higher score indicates the suburb is more likely to contain properties that deliver an above average gross yield.

Palm Cove, QLD National
Median
Gross Yield

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Capital Growth Score

The suburb Capital Growth Score is simply the average of all the individual Capital Growth Scores for each property in that suburb.

A higher score indicates the suburb has recently experienced significant capital growth and the short term outlook for further growth is likely to be good given strong market health indicators.

Palm Cove, QLD National
Change in Median
Price (1 yr)
Average Days
on Market
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Lower Risk Score

The suburb Lower Risk Score is simply the average of all the individual Lower Risk Scores for each property in that suburb.

A higher score indicates the suburb has increased in value over a longer period so is less likely to only be due to recent market forces. It is also likely to contain properties that command higher rent than average and therefore attract higher income tenants. Furthermore, properties in this suburb are likely to be easier to sell in the future due to strong market health indicators.

Palm Cove, QLD National
Average Days
on Market
Change in Median Price
(5 yr)
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.

Property Prices in Palm Cove


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State Auction Clearance Rates - January 2019

Auctions Clearance rate
QLD 27 19%
ACT 6 50%
NSW 26 47%
NT 1 0%
SA 22 47%
TAS 2 0%
VIC 36 29%
WA 10 20%

Local Schools


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Suburb Information

Palm Cove, QLD 4879

Part of: Cairns Regional Council No data available

The size of Palm Cove is approximately 3.6 square kilometres. It has 15 parks covering nearly 4.9% of total area. The population of Palm Cove in 2011 was 1,656 people. By 2016 the population was 2,082 showing a population growth of 25.7% in the area during that time. The predominant age group in Palm Cove is 60-69 years. Households in Palm Cove are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Palm Cove work in a professional occupation. In 2011, 49.6% of the homes in Palm Cove were owner-occupied compared with 57.1% in 2016. (source: Australian Bureau of Statistics)

View all properties for sale in Palm Cove

Demographic data provided
by Australian Bureau of Statistics


Market Trends for Palm Cove   for Houses in last 12 months


There have been 48 Houses sold in Palm Cove in the past 12 months with a median sale price of $551K, up 0.5% annually. It takes on average 96 days to sell with vendor discounting of -11.26%.

Streets in Palm Cove


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Port Douglas QLD, 4877 -10.77% $580,000 $480pw 4.3% View Suburb Profile
Cairns City QLD, 4870 -42.71% $296,500 $370pw 6.5% View Suburb Profile
Clifton Beach QLD, 4879 -5.93% $531,500 $500pw 4.8% View Suburb Profile
Greenwood WA, 6024 -4.02% $489,500 $390pw 4.1% View Suburb Profile