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Palmwoods, QLD 4555
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$1,180,000
market range $1.1M-$1.3M
Median Unit
$415,000
market range $375K-$950K
Gross Yield (houses)
3.4%
1yr Growth (houses)
+14.1%
market range +10.0% to +17.5%
Investment snapshot for Palmwoods
Palmwoods has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Palmwoods market and investor summary
Palmwoods (QLD 4555) runs a median house price of $1.2M, with houses yielding a gross 3.4%. House prices have moved +14.1% over the past year and +37.0% over three years. At 1.2% vacancy, it is a tight rental market that favours landlords.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 3.4% will not cover holding costs in the early years, so the case leans on price appreciation. Rental demand looks steady, with vacancy at 1.2% and a resident base that is not shrinking.
Living in Palmwoods: people, income and schools
About 6,357 people live in Palmwoods, and the area has been growing steadily, up about 17% over five years. The median age is 43, skewed a little older, and 75% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
Households here earn a median of about $90,000 a year, or roughly $1,740 a week. On socio-economic measures it ranks comfortably above the national middle (7 out of 10 on the ABS advantage index). At current prices a median house runs to a steep 13.1 times local household income, so affordability is a genuine constraint on local buyers. Incomes have risen about 20% over five years, which tends to underpin what local buyers can pay.
There are 6 schools within about 5km, testing a little above the national school average on ICSEA. It is fairly car-dependent; the suburb scores 45 for walkability and 3 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Node.
- Population
- 6,357
- +17% over 5yr
- Median age
- 43 years
- Median household income
- $90,000/yr
- Households renting
- 21%
- Family households
- 76%
- Socio-economic rank
- 7/10
- ABS advantage index
- Schools within 5km
- 6
- avg ICSEA 1057
- Unemployment
- 3.1%
- Walk score
- 45/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Palmwoods
View all →Frequently asked questions about Palmwoods
What should I check before investing in Palmwoods?
Palmwoods has enough public data for first-pass screening across yield, vacancy, price and supply signals. Strong unit gross rental yield of 7.7%, before expenses, tax and loan costs. Capital growth of +14.1% in the past year shows strong recent price momentum. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Palmwoods?
The median property price in Palmwoods, QLD 4555 is $1.2M for houses and $415K for units.
What rental yield does Palmwoods show?
The gross rental yield in Palmwoods is 3.4% for houses and 7.7% for units. 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 Palmwoods?
House prices in Palmwoods are up 14.1% over the past year and up 37.0% 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 Palmwoods?
The current vacancy rate in Palmwoods is 1.2%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Palmwoods?
Palmwoods has a population of approximately 6,357 residents, with a median age of 43.
What schools are near Palmwoods?
There are 6 schools within roughly 5km of Palmwoods. 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 Palmwoods affordable to buy in?
A median house in Palmwoods costs about 13.1 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Palmwoods's population growing?
The population of Palmwoods has grown about 17% 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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