7 Merriman Court

Palmwoods QLD 4555

The size of Palmwoods is approximately 23.9 square kilometres. It has 24 parks covering nearly 4.7% of total area. The population of Palmwoods in 2011 was 5,491 people. By 2016 the population was 5,660 showing a population growth of 3.1% in the area during that time. The predominant age group in Palmwoods is 10-19 years. Households in Palmwoods are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Palmwoods work in a professional occupation. In 2011, 74.2% of the homes in Palmwoods were owner-occupied compared with 75.8% in 2016.

Palmwoods has 3,018 properties. Over the last 5 years, Houses in Palmwoods have seen a 81.73% increase in median value, while Units have seen a 85.51% increase. As at 31 October 2024:

• The median value for Houses in Palmwoods is $999,351 while the median value for Units is $747,856.
• Houses have a median rent of $660 while Units have a median rent of $540.