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Suburb Insights ยท QLD 4751

Palmyra 4751, Queensland

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Palmyra is a coastal suburb in Queensland, Australia, with a population of approximately 250, making it a boutique locality. Located approximately 803 km from the Brisbane CBD, Palmyra is a coastal area in Queensland. The median household income is $115,336 AUD per year (ABS 2021 Census).

Investment Score

57 / 100 Moderate

Strong household incomes in Palmyra underpin solid property demand. The coastal setting provides a lifestyle factor that underpins property values.

Location

Map shows Palmyra, Queensland, Australia.

Key Indicators

Postcode
4751

Official Australia Post postcode for Palmyra. A postcode may cover multiple suburbs.

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Population
250

Usual resident population at census night. Source: ABS 2021 Census of Population and Housing.

ABS Census Data โ†’
Median Rent (weekly)
$300/wk

Weekly median rent for occupied private dwellings. Source: ABS 2021 Census. Live rental data integration coming soon.

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Median Household Income
$115,336/yr

Annual median household income (before tax) for all households. Source: ABS 2021 Census.

ABS Census Data โ†’
Distance to CBD
803 km

Straight-line distance from the suburb centroid (ABS 2021 SAL geography) to the nearest capital city CBD. Actual driving distance will be longer.

Lifestyle & Amenities

Schools nearby
1

Estimated 1 school within or near this suburb based on ABS 2021 data.

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Parks & green spaces
1

Estimated 1 park and green spaces near this suburb. Source: ABS 2021 data.

Median Mortgage (monthly)
$1,517/mo

Monthly median mortgage repayment for households currently paying off a mortgage. Source: ABS 2021 Census.

ABS Census Data โ†’
Dwelling Type
76% houses

Proportion of separate houses vs units, townhouses, and other dwelling types. Source: ABS 2021 Census. Relevant for investors assessing rental demand mix.

ABS Census Data โ†’

Investment Insight

Coastal lifestyle is a strong draw for Palmyra, supporting both long-term rental demand and holiday letting potential. Seaside suburbs in Queensland consistently attract interstate migration and lifestyle buyers. The median rent of $300/week (ABS 2021) indicates an affordable rental market. Owner-occupiers face a median mortgage repayment of $1,517/month. A median household income of $115,336/year supports premium property values and indicates a well-employed resident base. 76% of dwellings are separate houses, indicating a predominantly family-oriented, land-rich market.

Investment Strategy

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Buy & Hold

A buy-and-hold approach in Palmyra could work well with careful property selection and a longer time horizon.

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Rental Yield

Expect competitive but not exceptional rental returns in Palmyra's current market.

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Renovation / Flip

Limited buyer depth in Palmyra makes flip strategies higher-risk โ€” consider rental conversion instead.

Risk Factors

Run the numbers on a Palmyra property

Full Property Analysis

30-year projections for Palmyra

Scenario comparison, cash flow analysis, tax modelling, and PDF export โ€” all in one place.

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2026 Outlook

Growth: Moderate Rental Demand: Moderate Investor Sentiment: Moderate

Growth in Palmyra through 2026 will likely be steady rather than spectacular, tracking the wider market. Tenants in Palmyra have options โ€” presenting well-maintained properties is key to minimising vacancy. Palmyra offers measured appeal for investors willing to look beyond headline metrics.

Frequently Asked Questions

Is Palmyra a good suburb for investment?

Palmyra is a coastal area in Queensland with a population of 250. The median rent is $300/week and the median household income is $115,336/year (ABS 2021 Census). As with any property investment, conduct thorough due diligence on current listings, vacancy rates, and local infrastructure plans before committing.

What drives property demand in Palmyra?

Key demand drivers in Palmyra include lifestyle appeal and proximity to the coast. 76% of dwellings are separate houses. The area has approximately 1 schools and 1 parks nearby.

What is the population of Palmyra?

According to the ABS 2021 Census, Palmyra has a population of approximately 250. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Palmyra from the Brisbane CBD?

Palmyra is approximately 803 km straight-line distance from the Brisbane CBD (calculated from ABS 2021 suburb centroid coordinates). As a regional or remote location, travel to the capital is significant โ€” local amenities and employment are important investment considerations.

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