Palen Creek
QLD, 4287
-
Scenic Rim
Thinking about buying in Palen Creek? Now could not be a better time, with just 151 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $1,425,000 with prices in this suburb ranging from $441,000 to $4,586,000. The aproximate distance to the coast is 56 Km.
Household Makeup
| Median Weekly Rent | $235.00 |
| Median Monthly Mortgage | $1071.00 |
| Median Persons Per Bedroom | 0.70 |
| Average Household Size | 2.00 |
| Average Age | 57.00 |
| Average Income | $615.00 |
| Average Cars Per Dwelling | 1.96 |
| Average Properties Within 50M | 1 |
Housing Stock
Average Property Prices
| 3 Bed $955,000 |
| 4 Bed $1,311,000 |
| 6 Bed+$4,586,000 |
Palen Creek Real Estate Market Outlook
In Palen Creek there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Low average incomes in Palen Creek is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. The slightly lower than average earnings from occupations in Palen Creek changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. High density population in Palen Creek requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. Lower than average industry presence in Palen Creek we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Palen Creek a better buying opportunity than it may have been in the past.
Local Schools
Rathdowney State School
(While the above schools are located with the suburb of Palen Creek there may also be nearby schools whose catchments cover this suburb)Local Crime Rate
Incidents Trend State Average
Palen Creek weather - Average Local Climate by month
| (mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
|---|---|---|---|---|---|---|---|
| Jan | 4.5 | 19.1 | 31.4 | 47.5 | 94.1 | 1.9 | 23.8 |
| Feb | 2.3 | 19.7 | 31.2 | 54 | 94.9 | 2.1 | 24.2 |
| Mar | 5.0 | 18.2 | 29.4 | 51.0 | 94.1 | 1.7 | 18.4 |
| Apr | 1.6 | 14.0 | 27.0 | 48.5 | 95.7 | 1.5 | 16.7 |
| May | 1.9 | 9.5 | 23.8 | 47.1 | 96.2 | 1.3 | 13.9 |
| Jun | 1.6 | 7.7 | 21.4 | 49.9 | 96.1 | 1.4 | 12.0 |
| Jul | 1.1 | 7.2 | 21.9 | 46.1 | 96.6 | 1.1 | 13.2 |
| Aug | 0.8 | 6.0 | 23.7 | 32.3 | 94.1 | 1.4 | 15.8 |
| Sept | 1.4 | 9.9 | 26.1 | 36.1 | 94.8 | 1.6 | 19.8 |
| Oct | 2.2 | 12.3 | 27.9 | 36.8 | 94.6 | 1.8 | 23.1 |
| Nov | 2.2 | 16.2 | 30.3 | 40.2 | 93.2 | 1.8 | 25.9 |
| Dec | 3.6 | 18.3 | 31.1 | 45.3 | 93.6 | 1.8 | 24.8 |
source: Australian Government Bureau of Meteorology
Internet Speed
Download 25 Mbps / Upload 5 MbpsNearby Suburbs
General Points of Interest
Glennies Chair - Less than 10 KM
Palen Creek Correctional Centre - Less than 10 KM
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