Palm Cove Suburb Profile

Queensland 4879

Palm Cove has 2,786 properties. Over the last 5 years, Houses in Palm Cove have seen a 69.67% increase in median value, while Units have seen a 62.93% increase. As at 31 May 2024:

• The median value for Houses in Palm Cove is $1,047,859 while the median value for Units is $527,780.
• Houses have a median rent of $790 while Units have a median rent of $473.

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.