Located in Queensland within the Sunshine Coast local government area, Palmwoods is a medium-sized suburb (postcode 4555). It is home to about 6,357 residents, with an established demographic and a median age of 43. Households earn a median income of $90K per year, with an average household size of 2.7 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +2.0% 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, clerical & administrative. Employment in the area leans toward healthcare and construction. The top ancestries reported are English, Australian, Scottish.
Palmwoods has a median house price of $975,000, which has climbed sharply by 12.1% year-on-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 3,661 incidents per 100,000 population.
From an investment perspective, Palmwoods shows a gross rental yield of approximately 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. Population growth of +2.0% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.