The Palm Beach property market recorded a median house price of $787,500 and $442,500 for units in Q4 2017, representing strong annual capital growth of 11.7% and 16.4% respectively. Over the same period of time (Q4 2016-Q4 2017) house prices in the Gold Coast City Region grew by 4.9% to $645,000 and unit prices remain the same at $415,000. Not only does this indicate that the house market in Palm Beach is a premium and sought-after market, it also showcases a flourishing unit market amidst a softening and rumoured oversupply in the Gold Coast in general.
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