Thinking about buying in Palmwoods? Now could not be a better time, with just 40 residential dwellings it's a highly sought after location.
The average property price for this area is $559,000 with prices in this suburb ranging from $319,000 to $967,000.Distance to the coast is 13 Km.
Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. Low average incomes in Palmwoods is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. The slightly lower than average earnings from occupations in Palmwoods changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. Lower than average population density constrains growth in Palmwoods to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. Lower than average industry presence in Palmwoods we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Palmwoods a better buying opportunity than it may have been in the past.
|Median Weekly Rent||$|
|Median Monthly Mortgage||$|
|Median Persons Per Bedroom|
|Average Household Size|
|Average Cars Per Dwelling|
|Average Properties Within 50M||6.00|
Palmwoods State School(While the above schools are located with the suburb of Palmwoods there may also be nearby schools whose catchments cover this suburb)
Incidents Trend State Average
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source: Australian Government Bureau of Meteorology
|03-08-2021||$600,000||148 PALMWOODS RD PALMWOODS 2482|
|11-05-2021||$250,000||156 PALMWOODS RD PALMWOODS 2482|
|07-12-2018||$489,000||194 PALMWOODS RD PALMWOODS 2482|
|09-05-2018||$485,000||199 PALMWOODS RD PALMWOODS 2482|
|15-12-2017||$520,000||202 PALMWOODS RD PALMWOODS 2482|
|07-12-2012||$315,000||199 PALMWOODS RD PALMWOODS 2482|
|09-04-2009||$370,000||198 PALMWOODS RD PALMWOODS 2482|
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