Palm Beach
15,500
Population
$1,320,000
Average House price
$700,000
Average Unit price
52%
Growth-Unit prices
Location and Demographics
Palm Beach, located on the southern Gold Coast, Queensland, is renowned for its pristine beaches, vibrant community, and appealing lifestyle. It is situated approximately 14 km south of Surfers Paradise and 8 km north of Coolangatta, offering a central and convenient location for residents and visitors.
Community and Lifestyle
Palm Beach is celebrated for its laid-back coastal lifestyle, featuring a bustling local scene with a variety of cafes, restaurants, and boutique shops primarily around the Palm Beach Avenue and the beachfront area. The suburb also boasts beautiful parks and recreational areas such as Laguna Park and the Palm Beach Parklands, making it a popular spot for families and outdoor enthusiasts. It is a safe and family-friendly suburb, offering excellent access to schools and essential amenities.
Population Growth
The population has seen steady growth over the years, from around 14,000 in 2016 to an estimated 15,500 by 2024. The suburb attracts a diverse mix of professionals, families, and retirees, contributing to its dynamic and inclusive community.
Property Market Trends
The property market in Palm Beach has shown substantial growth over the past five years:
Sales Prices
House Prices
2019: $880,000
2024: $1,320,000
50% Growth increase
Unit Prices
2019: $460,000
2024: $700,000
52% Growth increase
Rental Market
Houses
Median Rent
2019: $640
2024: $900
41% Growth increase
Units
2019: $420
2024: $650
55% Growth increase
Rental Yield
The rental yield in Palm Beach remains attractive:
Houses
3.41%
Approximately in 2024.
Units
4.29%
Approximately in 2024
Palm Beach is a great place to live and invest
Overall, Palm Beach has seen significant growth and continues to be a highly desirable location due to its excellent amenities, stunning natural environment, and strong community vibe. The property market remains robust, making it an ideal location for both living and investment.
