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Investment Property Palm Cove, QLD, 4879

Suburb Snapshot

Palm Cove is a suburb in the Cairns Region of Queensland. Palm Cove has a population of 2,059 people and 28.24% of its occupants live in rental accommodation. The median listing price for houses is $1,300,000 and this has changed 4.00% over the past year and changed 30.00% over 2 years.

The median rent in Palm Cove for houses is $780 per week and the median rental yield is 3.12%. Stock on the market for houses/townhouses has changed 40.74% compared to last year and the average time to sell a house/townhouse is 108 days.The median listing price for units is $575,000 and this has changed 27.77% over the past year. The average unit takes 128 days to sell and the median rent for a unit in Palm Cove is $495 per week, producing a rental yield of 4.47%.

Supply & Demand in Palm Cove, Cairns

1.27%

Current vacancy rate


27

Rental stock available


2,059

Population


28.24%

Rental population


0.78%

Current vacancy rate


631

Rental stock available


156,898

Population


32.50%

Rental population


0.87%

Current vacancy rate


20,720

Rental stock available


4,703,187

Population


29.39%

Rental population


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Statistical data for Palm Cove, Cairns

  House Townhouses Units
Median listing price $1,300,000 NA $575,000
Median price change - last quarter -3.35% NA 15.00%
Median price change - 1 year 4.00% NA 27.77%
Median price change - 2 years 30.00% NA 47.43%
  House Townhouses Units
Median weekly rent $780 NA $495
Median yield % 3.12% NA 4.47%
Median rent change - 1 year 1.29% NA 7.60%
  House Units
Previous month sales 3 4
Stock on market previous month 38 40
Stock variance vs. last year 40.74% 37.93%
Average days on market 108 128

Palm Cove investment property listings

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