Palm Beach recorded a median house price of $830,750 and $445,625 for units in Q4 2018. This represent an annual (Q4 2017-Q4 2018) price softening of -2.3% for houses and -4.2% for units. Compared to the Palm Beach* 2nd half 2018 Research Factsheet, which reported an annual (Q2 2017 – Q2 2018) price change of 1.1% for houses and -14.4% for units, houses in Palm Beach have become more affordable whereas units have strengthened in value. Now is an ideal time for first home buyers to tap into the house market.
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