Located in Queensland within the Gold Coast local government area, Palm Beach is a well-established suburb (postcode 4221). With a population of 16,349, the suburb has an established family demographic with a median age of 39. Households earn a median income of $89K per year, with an average household size of 2.3 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +1.8% year-on-year at the LGA level. QLD employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. QLD also had 32 Commonwealth-backed major projects under construction, 12 underway, and 50 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, technicians & trades, managers. Employment in the area leans toward healthcare and construction. The top ancestries reported are English, Australian, Irish.
Palm Beach has a median house price of $1.7 million, which has jumped by 13.8% year-on-year. Units have a median price of $968,000 (+10.3% YoY). The current median weekly rent is $920. This gives a gross rental yield of approximately 2.8%. The median monthly mortgage repayment is $2,093.
Palm Beach is served by 2 schools, including 1 primary, 1 secondary. The average ICSEA score is 1040, which is around the national average of 1,000. Public transport access includes 2 rail stations, 42 bus stops. The crime rate in the Gold Coast LGA is moderate at 5,699 incidents per 100,000 population.
Looking at the investment signals, The gross rental yield works out to roughly 2.8%, which reads as low yield. Property prices are above the state median ($1.7M/$1.1M), placing it in the premium segment. The price-to-income ratio of 19.1x is considered stretched. House prices have moved +13.8% year-on-year. Population growth of +1.8% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.