Palm Beach is a well-established suburb in Queensland within the Gold Coast local government area (postcode 4221). With a population of 16,349, the suburb has an established 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. The most common occupations are professionals, technicians & trades, managers. The top ancestries reported are English, Australian, Irish.
The median house price in Palm Beach is $1.7 million, having surged 13.8% over the past year. Units have a median price of $968,000 (+10.3% YoY). The current median weekly rent is $910. 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 5,745 incidents per 100,000 population.
From an investment perspective, Palm Beach offers a gross rental yield of 2.8%, rated 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.
Palm Beach is a well-established suburb in Queensland within the Gold Coast local government area (postcode 4221). With a population of 16,349, the suburb has an established 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. The most common occupations are professionals, technicians & trades, managers. The top ancestries reported are English, Australian, Irish.
The median house price in Palm Beach is $1.7 million, having surged 13.8% over the past year. Units have a median price of $968,000 (+10.3% YoY). The current median weekly rent is $910. 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 5,745 incidents per 100,000 population.
From an investment perspective, Palm Beach offers a gross rental yield of 2.8%, rated 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.