QLD4879· Pop. 21,919Cairns

PALM COVE

EstablishedSteady performer with reliable demand and moderate capital growth

Investor score

Annual growth and vacancy rate are modelled estimates based on long-run state averages. Price and rent use real government data where available. This is not financial advice. See full disclaimer.

Median price

—

no recent data

Rent yield

19.3%

rent real · price estimated

Annual growth

1.8%

modelled estimate

Vacancy rate

1.4%

modelled estimate

AI insights for PALM COVE

Investment analysis, risks & comparisons

PREMIUM

PALM COVE shows strong investment fundamentals with above-average rental demand and a tightening supply pipeline. The gentrification index of 67/100 signals continued capital appreciation potential, particularly within 600m of the main retail and transit corridor.

Key risk: elevated auction clearance volatility over the past two quarters suggests shifting buyer sentiment. Net yield after typical holding costs sits at approximately 3.6%, below the state median of 4.1% — factor this into cash-flow modelling.

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Price figures are estimated — suburb-level data not available for this state. Verify with Domain or REA.

Median rent

$575/wk

QLD RTA Bond Stats · Mar 2026

Demand change

+1.1%

annual shift

Yield × growth index

10.5

combined signal

Net yield (est.)

5.31%

after mgmt, rates, insurance, maintenance

5-yr growth (CAGR)

+9.1%

est. compound, long-run avg

10-yr growth (CAGR)

+6.9%

est. compound, long-run avg

Rental demand

54 / 100

Moderate demand

Supply pipeline

Est.

1.5%

new dwellings approved / stock · Modelled estimate

Moderate supply

5-year price history

No price history available.

Market overview

PALM COVE is a QLD suburb offering high rental yield and moderate price growth. The local economy supports a stable rental base, with ongoing demand from owner-occupiers and investors seeking value outside capital cities.

Highlights

Strong rental yield of 19.3%
Very low vacancy rate — high rental demand
Access to national transport network and amenities

Risk factors

Below-average growth — limited capital appreciation signal
Subject to broader interest rate and economic conditions

Community profile

Source: ABS Census 2021 · ATO 2022–23

Median household income

$1,701/wk

$43k taxable p.a.

Renters

29.8%

68.2% owner-occupier

Median age

44.0 yrs

Unemployment

5.8%

Population growth

+1.6% p.a.

Investor-owned

15.0%

of all dwellings (ATO)

Houses

86%

6% apartments

Degree qualified

22.7%

bachelor's or higher (ABS)

Work from home

14.2%

of employed residents (ABS Census)

Median lot size

3.0 ha

Large block

Household size

2.5 persons

avg per dwelling (ABS Census)

Short-term rental

6.4%

Some Airbnb activity

Market activity

Distance to CBD

1407.9 km

Regional

Days on market

74 days

Slower market

Auction clearance

29.8%

Buyer's market

Walkability

1 / 100

Car-dependent

Coastal proximity

18.6 km

Coastal fringe

NBN technology

Fixed Wireless

Regional — wireless tower

Population density

149/km²

Low density

Schools in postcode 4879

🏫2 Primary

ACARA 2025

🏫Primary (2)

Holy Cross School

Catholic · Yrs Prep-6

ICSEA 1058

Tropical North Learning Academy - Trinity Beach State School

Government · Yrs Prep-6

ICSEA 996

ICSEA measures the socio-educational background of each school's student community — not academic results or school quality. National average = 1000. Source: ACARA My School 2025.

Liveability & safety

Safety index

Moderate

73/ 100

8.1 offences / 100 persons

Source: QLD Police · 2024-25

School quality

Average

1027ICSEA · national avg 1000

2 schools in postcode area

Source: ACARA My School 2025

Transit access

Car-dependent

0/ 100

🚆 0 train🚌 4 bus

Source: State GTFS feeds

Gentrification signal

/ 100

Early signs

Early-stage signals only. Watch for rising rents, new café activity, and building application increases as leading indicators.

Composite: education premium · youth cohort · rental activity · price gap · transit quality

Environmental risk

🌊

Flood risk

high

Source: State GIS flood zone data

🔥

Bushfire risk

high

Source: CFA / RFS / DFES zone data

⛈️

Storm risk

high

Coastal exposure + state climate

🌀

Cyclone risk

high

QLD/NT tropical cyclone zone

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Location

Properties in PALM COVE

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