Palm Grove
QLD, 4800
-
Whitsunday
Thinking about buying in Palm Grove? Now could not be a better time, with just 82 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $597,000 with prices in this suburb ranging from $170,000 to $1,133,000. Palm Grove is located fairly close to the coast at just 6Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.
Household Makeup
| Median Weekly Rent | $236.67 |
| Median Monthly Mortgage | $1545.00 |
| Median Persons Per Bedroom | 0.83 |
| Average Household Size | 2.33 |
| Average Age | 51.00 |
| Average Income | $694.33 |
| Average Cars Per Dwelling | 2.22 |
| Average Properties Within 50M | 1 |
Housing Stock
Average Property Prices
| 3 Bed $169,000 |
Palm Grove Real Estate Market Outlook
Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. Low average incomes in Palm Grove is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. The slightly lower than average earnings from occupations in Palm Grove changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. High density population in Palm Grove 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. Lower than average industry presence in Palm Grove we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Palm Grove a better buying opportunity than it may have been in the past.
Houses for sale Palm Grove
|
680 SALTWATER CREEK RD, PALM GROVE, QLD, 4800 |  |
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Auction - Monday 29th January 2024 |
Local Schools
None within suburb boundary
(While the above schools are located with the suburb of Palm Grove there may also be nearby schools whose catchments cover this suburb)Local Crime Rate
Incidents Trend State Average
Palm Grove weather - Average Local Climate by month
| (mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
|---|---|---|---|---|---|---|---|
| Jan | 9.6 | 22.8 | 31.7 | 57.1 | 93.5 | 4.0 | 22.6 |
| Feb | 7.4 | 23.0 | 31.8 | 58.3 | 93.9 | 3.7 | 22.7 |
| Mar | 5.9 | 22.1 | 30.5 | 61 | 94.8 | 4.0 | 20.1 |
| Apr | 4.4 | 19.8 | 29.0 | 58.4 | 93.6 | 3.8 | 18.7 |
| May | 2.0 | 16.3 | 26.2 | 57.7 | 95.7 | 3.9 | 16.1 |
| Jun | 1.4 | 13.7 | 25.3 | 53.6 | 95.7 | 3.5 | 14.6 |
| Jul | 0.8 | 12 | 25.2 | 49.5 | 96.3 | 3.4 | 16.5 |
| Aug | 1 | 11.5 | 26.6 | 44 | 94.8 | 3.2 | 18.7 |
| Sept | 0.4 | 13.7 | 28.9 | 40.3 | 95.7 | 3.4 | 22.6 |
| Oct | 1.2 | 17.3 | 30.4 | 43.4 | 93.6 | 3.9 | 24.2 |
| Nov | 4.5 | 19.6 | 31.7 | 47 | 92.5 | 3.8 | 25.2 |
| Dec | 4.9 | 21.1 | 32.8 | 46.6 | 93.1 | 3.9 | 27.7 |
source: Australian Government Bureau of Meteorology
Internet Speed
Download 25 Mbps / Upload 5 MbpsNearby Suburbs
Public Transport
Proserpine - Greater then 10KM
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