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Palm Beach Suburb Insights
VICLocation Information
Suburb Name
Palm Beach, VIC
Distance from CBD
23.3 kmDemographics
Population
1,593
Median Income
$54,704
Area Information
Area
2.72 km²
Population Density
586 people/km²
Property Market
Median Price
$930,642
Annual Growth
+10.5%Property Price Trend Analysis
Current Median Price
$930,642
Annual Growth
+10.5%
Quarterly Growth
+1.1%
Price Trends - Last 6 Months
2024-01
$537,378
+5.2%2024-02
$880,949
+10.6%2024-03
$616,257
+8.9%2024-04
$1,119,176
+10.7%2024-05
$628,225
+17%2024-06
$596,234
+15.5%Property Type Price Analysis
House
Median Price
$1,473,889
Growth Rate
+12.9%Available Listings
411 properties
Apartment
Median Price
$625,820
Growth Rate
+8.7%Available Listings
958 properties
Townhouse
Median Price
$737,628
Growth Rate
+16.1%Available Listings
214 properties
Investment Potential Assessment
Investment Advantages
- Annual growth exceeds 8% - excellent performance
- Diverse property types available
Considerations
- Rising prices may affect affordability
- Monitor interest rate changes
- Consider long-term investment strategy