Palm Beach 4221 Property Market

Palm Beach Qld Property Market

Nestled between Tallebudgera Creek and Currumbin Creek, you will find the aptly named Palm Beach. This suburb captures numerous hearts with its unique approach to a laid back lifestyle.

Compared with neighbouring towns, Palm Beach is a Gold Coast favourite. It is known for being one of the cleanest beaches in Queensland – boasting rustic beach shacks that were erected by earlier settlers.

Lifestyle

The laid back living that Palm Beach is famous for has attracted many retirees over the years who wish to spend their golden years in the warm, sunny days that this beach provides. However, this coastal suburb has a lot to offer for a wide spectrum of ages, including three combined sports clubs at the Palm Beach Reserve.

Nicknamed ‘Palmy’, the suburb lies toward the end of a long peninsula where it is fringed by the tranquil waters of Pittwater on one side and surf on the other.

Palm Beach is a laid back place where surfers can enjoy the waves while others may relax on the golden beaches. 

It is also a foodie’s dream, with plenty of eating options to choose and other recreational activities on offer that will keep both singletons and families highly entertained. Fine dining facilities are in plentiful supply, with eateries such as Balboa Italian, Merlins Pizza and the Chinese Smorgasbord Restaurant topping the charts.

Geolocation factors

Palm Beach is only 45 km north of Sydney, which means it’s a little over an hour’s drive from the city centre with central Brisbane just 85km north of Palm Beach.

Local shops are scattered throughout the suburb with the main outlets located in Palm Beach Avenue and Gold Coast Highway.

Students living in the southern part of the suburb can easily attend Currumbin State School and Palm Beach-Currumbin State High School. Other schools in the area include Palm Beach State School and Elanora State High School.

The suburb’s luxurious sandy beach attracts surfers and nature enthusiasts on a daily basis and is just 10 minutes from the Coolangatta airport and 15 minutes from Surfers Paradise.

The suburb is dotted with majestic parklands and, if physical exertion gets you excited, you can always hike up to Barrenjoey Lighthouse for a panoramic view of the northern end of the beach and Ku-ring-gai Chase National Park. Palm Beach is also home to Laguna Park and the Tarrabora Reserve, which are quite popular with locals and tourists alike.

You can also enjoy a ferry ride from Palm Beach to Ettalong – a pretty beach town on the Central Coast. This hideaway boasts an inland waterway, a sandy beach and a grand undercover market place with a wide array of offerings.

Statistics

The following data (taken from Property Value) gives an overview of the median sale prices in Palm Beach.

Houses

Median sales price for houses: $900k

Median price change per year: 8.24%

Median rent: $650 per week

Median gross yield: 3.8%

Units

Median sales price for units: $470k

Median price change per year: 6.82%

Median rent: $430 per week

Median gross yield: 4.8%

Households in Palm Beach consist of primarily childless couples. They generally pay between $1800 – $2399 per month on mortgage repayments.

In 2011, 54.5% of the homes in Palm Beach were owner-occupied. In 2016, this statistic has gone up slightly to 55.2%.

Demographics of the area

In 2011, the population of Palm Beach was recorded at 13,956 people. In 2016, it rounded out at 14,689 people – showing a population growth of 5.3% in the area.

The predominant age group of locals living in Palm Beach is 30-39 years. Roughly speaking, most people living in this coastal suburb work in a professional occupation. About half of the population rents units, as opposed to living in owner-occupied lots.

Buyers Advocate Palm Beach

Palm Beach Buyers Agent

This coastal oasis has a lot to offer – making it the perfect destination for a forever home. Savvy Fox can help you find prime Palm Beach real estate that you simply love.

Unlike many other Palm Beach buyers agents, Savvy Fox has loads of experience in securing in-demand real estate at affordable prices. So, be sure to contact us today if you’re looking for a reputable Palm Beach Buyers Agent to help you find your dream home.

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