Palmwoods is a mid-sized suburb in Queensland within the Sunshine Coast local government area (postcode 4555). With a population of 6,357, the suburb has an established demographic with a median age of 43. Households earn a median income of $90K per year, with an average household size of 2.7 people. The most common occupations are professionals, technicians & trades, clerical & administrative. The top ancestries reported are English, Australian, Scottish.
The median house price in Palmwoods is $975,000, having surged 12.1% over the past year. Units have a median price of $685,000 (+14.4% YoY). The current median weekly rent is $750. This gives a gross rental yield of approximately 4.0%. The median monthly mortgage repayment is $1,878.
Palmwoods is served by 1 school, including 1 primary. The average ICSEA score is 1030, which is around the national average of 1,000. Public transport access includes 2 rail stations, 10 bus stops. The crime rate in the Sunshine Coast LGA is below average at 3,765 incidents per 100,000 population.
From an investment perspective, Palmwoods offers a gross rental yield of 4.0%, rated as moderate yield. Property prices are near the state median ($975K/$1.1M). The price-to-income ratio of 10.8x is considered stretched. House prices have moved +12.1% year-on-year.
Palmwoods is a mid-sized suburb in Queensland within the Sunshine Coast local government area (postcode 4555). With a population of 6,357, the suburb has an established demographic with a median age of 43. Households earn a median income of $90K per year, with an average household size of 2.7 people. The most common occupations are professionals, technicians & trades, clerical & administrative. The top ancestries reported are English, Australian, Scottish.
The median house price in Palmwoods is $975,000, having surged 12.1% over the past year. Units have a median price of $685,000 (+14.4% YoY). The current median weekly rent is $750. This gives a gross rental yield of approximately 4.0%. The median monthly mortgage repayment is $1,878.
Palmwoods is served by 1 school, including 1 primary. The average ICSEA score is 1030, which is around the national average of 1,000. Public transport access includes 2 rail stations, 10 bus stops. The crime rate in the Sunshine Coast LGA is below average at 3,765 incidents per 100,000 population.
From an investment perspective, Palmwoods offers a gross rental yield of 4.0%, rated as moderate yield. Property prices are near the state median ($975K/$1.1M). The price-to-income ratio of 10.8x is considered stretched. House prices have moved +12.1% year-on-year.