Suburb Profile
Palm Cove
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Suburb Tour | PALM COVE
Published: Sean Thorpe
Sales Director & Founder
5th March 2024
Have you been dreaming about moving and living here on the Cairns Northern Beaches but you’re still not too sure which beach to choose?
My name’s Sean and in this short series, we’ll give you a quick tour of each beach suburb to help make the move a little bit easier…Today we’re in beautiful PALM COVE.
Welcome to Palm Cove, Tropical North Queensland’s glamourous beachside village. This place is famous on Instagram and loved by locals, it’s one of Australia’s best-kept secrets and it’s being discovered by interstate travellers and overseas tourists on a daily basis, were only located 30 minutes north of Cairns and is 15 minutes from the airport. This tiny beachside village is centered around this iconic palm tree-lined beachfront.
Video tour
Home to some of the most expensive residential, investment and lifestyle properties here in Cairns, Palm Cove has evolved from its charming colonial past into this vibrant destination, with plenty of bars, cafes and restaurants, high-end luxury boutiques and village markets. One of Australia’s most popular wedding destinations, thanks to tiny beachfront chapels, stylish rooftop bars, and modern five-star resorts Palm Cove is dubbed the health spa capital of Australia with plenty of choice with Yoga, Massage, Health Clubs and Hair Salons.
An enviable tropical climate and laid-back lifestyle awaits, Palm Cove has been the winner of the Cleanest Beach award many times over and was recently crowned “World’s Best Beach” by Conde Naste Travellers Magazine. this short strip of pristine sand overlooks Double Island and the Coral Sa, it’s easy to see why life doesn’t get any better than this.
Awards
- World’s Best Beach | Palm Cove Beach, Australia
- The Reef House | Top Luxury Hotel Queensland 2023
- Palm Cove crowned world's best beach by Conde Nast
- The Reef House is named Queensland’s top luxury hotel
- Surf Club Palm Cove celebrating 100 years
- Recent nomination of Palm Cove Queensland Tourism Industry Small Tourism Town awards
- Wangetti Trail's first section opens
Property Market - PALM COVE
The Median property prices over the last year range from $1,110,000 for houses to $500,000 for units.
For full information download our market report. But consider these highlights:
Source RealEstate.com.au 20.11.2024 and 2021 Census
- Houses in Palm Cove rent for $897 per week with a 4.4% rental yield.
- Units rent for $550 per week with a 6.0% rental yield.
- Highest sale price: $2,800,000.
- Average days on market: 66.
- Population: 2,450 living in 1,644 dwelling
- Annual compound growth rate: 4.8% for houses, -13.8% for units.
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Palm Cove
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palm cove - Places to visit
PLACES TO VISIT | ATTRACTIONS, TOURS
PLACES TO EAT | BARS, CAFES, RESTAURANTS
PLACES TO SHOP | FASHION, ARTS, GIFTS
Health & Wellbeing | HAIR, SPA, BEAUTY SALON
Places to Stay | HOTELS, BED AND BREAKFAST, SELF CONTAINED
Free Resources
LOCALS SUPPORTING LOCALS
Out aim is to include all local businesses, if you do not see your business name on the list, please email us your details and we would love to add you too.
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