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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 $1,347,500 and this has changed 12.29% over the past year and changed 28.33% over 2 years.

The median rent in Palm Cove for houses is $800 per week and the median rental yield is 3.08%. Stock on the market for houses/townhouses has changed 21.43% compared to last year and the average time to sell a house/townhouse is 108 days.The median listing price for units is $582,500 and this has changed 30.89% over the past year. The average unit takes 132 days to sell and the median rent for a unit in Palm Cove is $500 per week, producing a rental yield of 4.46%.

Supply & Demand in Palm Cove, Cairns

0.85%

Current vacancy rate


18

Rental stock available


2,059

Population


28.24%

Rental population


0.76%

Current vacancy rate


617

Rental stock available


156,898

Population


32.50%

Rental population


0.87%

Current vacancy rate


20,766

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 $1,347,500 NA $582,500
Median price change - last quarter -3.35% NA 15.00%
Median price change - 1 year 12.29% NA 30.89%
Median price change - 2 years 28.33% NA 45.98%
  House Townhouses Units
Median weekly rent $800 NA $500
Median yield % 3.08% NA 4.46%
Median rent change - 1 year 6.66% NA 8.69%
  House Units
Previous month sales 2 4
Stock on market previous month 34 30
Stock variance vs. last year 21.43% -11.76%
Average days on market 108 132

Palm Cove investment property listings

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