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Palm Beach, QLD 4221
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$2,100,000
list-price estimate
Median Unit
$1,200,000
market range $1.1M-$1.4M
Gross Yield (houses)
3.2%
1yr Growth (houses)
+11.9%
market range +7.5% to +15.0%
Investment snapshot for Palm Beach
Palm Beach has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Palm Beach market and investor summary
In Palm Beach, QLD 4221, houses show a gross rental yield of 3.2%. House prices have moved +11.9% over the past year and +30.8% over three years. At 2.1% vacancy, it is a broadly balanced rental market.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 3.2% will not cover holding costs in the early years, so the case leans on price appreciation. If you are weighing units rather than houses, a pipeline of new approvals is worth watching as future supply that can hold back apartment price and rent growth.
Living in Palm Beach: people, income and schools
About 16,349 people live in Palm Beach, and the area has been growing steadily, up about 11% over five years. At a median age of 39, it reads as broadly working-age, and families account for 63% of households.
The typical household income runs to around $89,000 a year (about $1,720 a week). On socio-economic measures it ranks around the national middle on the ABS advantage index (6 out of 10). Incomes have risen about 22% over five years, which tends to underpin what local buyers can pay.
Families have 13 schools within roughly 5km to choose from, testing a little above the national school average on ICSEA. It is fairly car-dependent; the suburb scores 44 for walkability and 1 for transit out of 100. Fixed broadband is delivered over the NBN's Hybrid Fibre Coaxial (HFC).
- Population
- 16,349
- +11% over 5yr
- Median age
- 39 years
- Median household income
- $89,000/yr
- Households renting
- 37%
- Family households
- 63%
- Socio-economic rank
- 6/10
- ABS advantage index
- Schools within 5km
- 13
- avg ICSEA 1047
- Unemployment
- 2.9%
- Walk score
- 44/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Palm Beach
View all →Frequently asked questions about Palm Beach
What should I check before investing in Palm Beach?
Palm Beach has enough public data for first-pass screening across yield, vacancy, price and supply signals. Capital growth of +11.9% in the past year shows strong recent price momentum. 3-year capital growth of +30.8% shows sustained momentum, not just a single-year spike. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Palm Beach?
The median property price in Palm Beach, QLD 4221 is $1.2M for units.
What rental yield does Palm Beach show?
The gross rental yield in Palm Beach is 3.2% for houses. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Palm Beach?
House prices in Palm Beach are up 11.9% over the past year and up 30.8% over three years. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Palm Beach?
The current vacancy rate in Palm Beach is 2.1%. A rate under 2% generally signals a tight rental market. This suburb's rental market is balanced, favouring neither landlords nor tenants strongly.
How many people live in Palm Beach?
Palm Beach has a population of approximately 16,349 residents, with a median age of 39.
What schools are near Palm Beach?
There are 13 schools within roughly 5km of Palm Beach. Their average ICSEA is a little above the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Palm Beach's population growing?
The population of Palm Beach has grown about 11% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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