This property is Off Market
With an average age of 40, households expect an average monthly mortgage payment of $1,628 or a weekly rent payment of $440. The average family earns a weekly income of $1,875 with a typical household size of 2 and a 95.1% employment rate.
Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Palm Beach due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. The high percentage of professional people in Palm Beach classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. High density population in Palm Beach requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.
(Country of Birth not stated 11%)
Palm Beach a good, bad, or just average location in which to invest in property? Should you be buying, or selling, property right now? Our Investability scores provide comparative insights into the investment potential for every suburb across Australia.
Investability - Housing Demand
Queensland State average 66 / 100
Income
30 / 100
32 / 100
Industry
42 / 100
32 / 100
Population
46 / 100
40 / 100
House Prices
67 / 100
63 / 100
Jobs
45 / 100
31 / 100
Incidents Trend State Average
Unlawful Entry
Unlawful Use of Motor Vehicle
Traffic and Related Offences
Assault
Other Theft (excl. Unlawful Entry)
Weapons Act Offences
Other Property Damage
Drug Offences
Good Order Offences
Fraud
Handling Stolen Goods
Miscellaneous Offences
Other Offences Against the Person
Robbery
Liquor (excl. Drunkenness)
Trespassing and Vagrancy
Arson
St Andrews Lutheran College
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Elanora State High School
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Marymount College
Burleigh Waters, QLD, 4220 Independent 7-12
OP Results Rankings
OP scores: 114 OP 1 to 5 15 (13.16%)
Palm Beach State School
Palm Beach, QLD, 4221 State Prep-6
Palm Beach-Currumbin State High School
Palm Beach, QLD, 4221 State 7-12
Elanora State School
Elanora, QLD, 4221 State Prep-6
Currumbin State School
Currumbin, QLD, 4223 State Prep-6
Marymount Primary School
Burleigh Waters, QLD, 4220 Independent Prep-6
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134 Acme Avenue Street, Town, State
Description - Details the application. Type and other information pertaining to the development application and more...
Authority Reference: UX0909823-GOV Website
The Residz risks assessments are composed from data attributes which are generally accepted to indicate higher or lower risk presence likelihood for that condition for any address or locality. They do not however determine the exact presence of that risk for any specific property. The Residz Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice. While Residz uses commercially reasonable efforts to ensure the Residz Data is current, Residz does not warrant the accuracy, currency or completeness of the Residz Data and to the full extent permitted by law excludes liability for any loss or damage howsoever arising (including through negligence) in connection with the Residz Data. Historical prices and trends are not a guarantee of future prices and trends.
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