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Palm Beach Profile
The size of Palm Beach is approximately 7 kmē.
It has 9 parks covering nearly 13% of the total area.
The population of Palm Beach in 1996 was 13,433 people.
By 2001 the population was 14,585 showing a population growth of 9% in the area during that time.
The predominant age group in Palm Beach is 20 - 29 years.
Households in Palm Beach are primarily couples with children and are likely to be repaying between $800.00 - $1000.00 per month on mortgage repayments.
In general, people in Palm Beach work in a clerical occupation.
In 1996, 48% of the homes in Palm Beach were owner-occupied compared with 55% in 2001.
Currently the median sale price of houses in the area is $420,000.
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Number of Unit Sales Per Annum
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|
1995 |
1996 |
1997 |
1998 |
1999 |
2000 |
2001 |
2002 |
2003 |
2004 |
2005
(ytd) |
|
153 |
170 |
170 |
227 |
337 |
370 |
483 |
541 |
481 |
220 |
294 |
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Percentage Change in Median Prices
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Palm Beach |
Gold Coast Area |
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Period |
% Change |
% Change |
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2005 |
1.6% |
7.9% |
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2004 |
12.3% |
18.4% |
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2003 |
29.1% |
22.5% |
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2002 |
32.4% |
16.6% |
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2001 |
-3.4% |
-1.2% |
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Recent Median Apartment Sale Prices
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Palm Beach |
Gold Coast Area |
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Period |
Median Price |
Median Price |
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February 2006 |
$ 310,000 |
$ 310,000 |
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January 2006 |
$ 238,000 |
$ 305,000 |
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December 2005 |
$ 298,000 |
$ 320,000 |
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November 2005 |
$ 305,001 |
$ 380,000 |
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October 2005 |
$ 306,000 |
$ 310,000 |
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September 2005 |
$ 311,250 |
$ 305,000 |
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August 2005 |
$ 261,250 |
$ 300,000 |
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July 2005 |
$ 300,000 |
$ 310,000 |
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June 2005 |
$ 270,000 |
$ 320,000 |
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May 2005 |
$ 295,000 |
$ 315,000 |
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April 2005 |
$ 238,500 |
$ 300,000 |
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March 2005 |
$ 265,000 |
$ 285,500 | | |
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