242 Coral Coast Drive

Palm Cove QLD 4879

The size of Palm Cove is approximately 3.6 square kilometres. It has 11 parks covering nearly 24.5% of total area. The population of Palm Cove in 2011 was 1,656 people. By 2016 the population was 2,082 showing a population growth of 25.7% in the area during that time. The predominant age group in Palm Cove is 60-69 years. Households in Palm Cove are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Palm Cove work in a professional occupation. In 2011, 49.6% of the homes in Palm Cove were owner-occupied compared with 57.1% in 2016.

Palm Cove has 2,771 properties. Over the last 5 years, Houses in Palm Cove have seen a 62.74% increase in median value, while Units have seen a 53.29% increase. As at 30 September 2024:

• The median value for Houses in Palm Cove is $1,002,548 while the median value for Units is $536,421.
• Houses have a median rent of $760 while Units have a median rent of $475.