Palm Beach Property Market Update 2nd Half 2025
Palm Beach, in Queensland, offers a relaxed coastal lifestyle with stunning beaches and a vibrant community, perfect for those who love outdoor activities and a friendly atmosphere. The area boasts excellent dining options, trendy cafes, and family-friendly recreational facilities, making it an ideal place to settle down.
Property Trends
In Q2 2025, Palm Beach recorded a median house price of $1,962,500 and a median unit price of $1,215,000, representing an annual (Q2 2024 - Q4 2025) price growth of 10.3% for houses and 28.6% for units. Total sales increased by 18.2% (to 52 sales) for houses and 6.7% (to 111 sales) for units. There is a highly demanded market, which created a buffer against higher interest rates and have benefited from current cash rate cuts. The unit market saw higher price growth compared to houses, due to very little house stock. House buyers are turning to the unit market, pushing up prices. Thus, now is an opportune time for owners to capitalize on their investments.
Project Development
Palm Beach will see approximately $93.9M of new projects commencing construction in 2025. Despite the number of residential projects planned in Palm Beach, most are units (102) and townhouses (15). This will not be sufficient to meet demand, especially when compared to Q2 2025 sales (52 houses and 111 units). Thus, an undersupply will remain, driving up median sales prices, not only for houses but also for other property types.
Rental Market & Growth
House rental yield in Palm Beach was 3.8% as of June 2025, on par with Gold Coast (3.8%) but higher than Brisbane Metro (3.2%). This is paired with a 9.1% increase in median house rental price in the past 12 months to Q2 2025, to $1,200 per week, along with a 3.5% increase in the number of houses rented (to 88 rentals) in Q2 2025. This suggests a strong demand and competitive house rental market, which is beneficial to investors.
Vacancy Rates & Property Investment
Palm Beach recorded a vacancy rate of 0.9% in June 2025, well below Gold Coast LGA average (1.7%) but on par with Brisbane Metro’s (0.9%). Vacancy rates have decreased in the past 12 months to Q2 2025, indicating an even tighter rental market. Further, a 0.9% vacancy rate is significantly below the Real Estate Institution of Australia’s healthy benchmark of 3.0%, indicating quicker occupancy of rental homes in Palm Beach. There is a conducive environment for investors, even if property prices (thus entry price) have increased in the past 12 months to Q2 2025.
