Area Spotlight: Palmwoods

Nestled in the foothills of the Blackall Range, Palmwoods is one of the most unique and dynamic places on the Sunshine Coast. While Moooloolaba and Caloundra are synonymous with picturesque beaches, Palmwoods has the unique charm of a bygone era, plenty to do, and great opportunities for property investment. .

Palmwoods is located in the heart of the hinterland, and has developed a reputation as an arts and crafts hub. While inland, this area is still in close proximity to the beach, national parks and stunning Queensland scenery.

However, this is more than a place to stop by. Today, we’re going to focus on the Palmwoods property market, including current trends and what’s on offer in the local market.

Where Exactly is Palmwoods?

Situated in the hinterland, Palmwoods is a quaint town with a unique mixture of a laid back town and a tourist destination. Despite its serene surroundings, it’s conveniently close to major coastal hubs. For example, only a short 20-minute drive will take you to the heart of the Maroochydore coastline.

If you’re commuting from Brisbane, the journey to Palmwoods takes approximately an hour and a half, making it accessible for weekend trips and holidays. Vice versa, this also means that if you live in Palmwoods or have tenants there, Brisbane is never too far of a commute. Additionally, Palmwoods shares its borders with other scenic hotspots like Woombye and Chevallum.

The State of the Local Property Market

As of January 2024, Palmwoods continues to be of strong interest for property enthusiasts. According to recent data, the demand for homes in Palmwoods is strong. Currently, there are over 1,500 potential buyers actively seeking properties in the area. The median property prices have experienced a noteworthy uptick, showcasing the growing appeal of Palmwoods.

Similar to the neighbouring suburb of Sippy Downs, Palmwoods offers a variety of housing options, including houses, apartments, and units. The real estate landscape is influenced by the town’s charm, attracting both local and potential investors.

What Does This Mean for Investors?

Palmwoods continues to be an attractive prospect for investors, with a spectrum of properties promising lucrative returns. The rental market in Palmwoods is vibrant, with a 3-bedroom house commanding a median rental price of $580 per week. Apartments and units are also in demand, with 2-bed units leasing at $520 and 3-bed units at $560 per week.

Rental yields in Palmwoods are appealing:

• A home leased for $580 per week results in a rental yield of 5.2%.
• A unit leased for $520 per week boasts a rental yield of 5.8%

Looking to invest and lease out a house or apartment? Connect with our friendly property managers in Palmwoods today.

Population Trends for the Sunshine Coast

As part of the Sunshine Coast’s tapestry, Palmwoods reflects the broader trend of population growth. With an annual growth rate of over 1%, the Sunshine Coast is now the ninth most populous city in Australia. Palmwoods, in particular, has witnessed an influx of residents drawn to its tranquil surroundings and community spirit.

The demographic landscape is evolving, with an increasing number of young professionals, families, and retirees choosing Palmwoods as their home.

Local Attractions and Amenities

Amidst the lush greenery and charming landscapes, there’s an abundance of activities and sights. Here are five standout local destinations:

The Palmwoods Hotel

The Palmwoods Hotel is a local social hub, offering a mix of dining, entertainment, and community events. Residents can unwind in a welcoming atmosphere, enjoying a diverse menu and live music.

Mary Cairncross Scenic Reserve

Nature enthusiasts can explore the Mary Cairncross Scenic Reserve. With panoramic views of the Glass House Mountains, walking trails, and educational facilities, the reserve provides a unique connection with nature

Palmwoods Village Square

The Palmwoods Village Square is a great local gathering point, featuring shops, cafes, and community spaces. It’s a place where residents can meet, shop, and enjoy the sense of community.

Sunshine Coast Hinterland Great Walk

Adventure awaits with the Sunshine Coast Hinterland Great Walk, where you can trek and venture through the lush hinterland. The walking trail allows residents to immerse themselves in the natural beauty surrounding Palmwoods.

Palmwoods Railway Station

A nod to its historical roots, the Palmwoods Railway Station is a heritage-listed site. It serves as a reminder of the town’s connection to history, and also provides a unique backdrop for events and gatherings.

Palmwoods Art Gallery

In the heart of town, the Palmwoods Art Gallery showcases a vibrant display of local and regional artwork. Residents and visitors alike can explore diverse art exhibitions, attend workshops, and appreciate the creative talents within the community.

Botanical Gardens of Palmwoods

The Botanical Gardens offer a serene escape for nature lovers. With meticulously curated gardens featuring indigenous plant species, walking paths, and tranquil seating areas, it’s an ideal spot for a leisurely stroll, family picnics, or simply unwinding amidst the beauty of nature.

Palmwoods Farmers’ Market

Embrace the flavours of the region at the Palmwoods Farmers’ Market, held regularly in the Village Square. Local farmers and artisans gather to showcase fresh produce, handmade crafts, and culinary delights. It’s a fantastic opportunity for residents to support local businesses and savour the best of the region’s offerings.

Partnering with Property Managers: Put Your Best Foot Forward

If you’ve just bought or you’re about to secure a property in the Palmwoods area, congratulations! While it’s natural to feel excited, it’s equally easy to overlook just how much is involved. Luckily, there are professionals available to help.

Partnering with property managers is often one of the best decisions a landlord can make. As we covered in a recent article , self-managing is certainly a viable pathway, but one that also comes with its fair shares of challenges.

Property management gives you expert assistance with everything from tenant screening and selection to collecting rent, property inspections, and much more.

Your Palmwoods adventure is just around the corner – call We Do Property and speak with our friendly property management team today!