Comparative Market Analysis - 15 Sennfeld Close, Palm Cove
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Comparative Market Analysis
15 Sennfeld Close Palm Cove QLD 4879
Prepared on 12th July 2021
Tamara West
First National Real Estate Cairns Central and
Suite 1/155 Mulgrave Road
CAIRNS CENTRAL QLD 4870
m: 0499 700 985
w: 07 4046 9300
tamara.west@fncairnscentral.com
The Proprietor 15 Sennfeld Close Palm Cove QLD 4879 12/07/2021 Dear Property Investor, I am pleased to present to you a rental appraisal for the property at 15 Sennfeld Close, Palm Cove. Careful consideration has been taken to provide you with an appraisal for the property in today’s market conditions. To establish a market value, I have carefully considered the premises, size, location, along with current market conditions and similar properties recently rented, or currently on the market. Should you have any questions relating to the information contained within this appraisal, please do not hesitate to contact me on the details below. If I can be of any further assistance, please do not hesitate to contact me on the details below. I look forward to working with you to achieve your real estate goals. Yours Sincerely, Tamara West First National Real Estate Cairns Central Suite 1/155 Mulgrave Road Cairns, QLD 4870 m: 0499 700 985 © Copyright 2021 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic). All rights reserved.
Your Home
15 Sennfeld Close Palm Cove QLD 4879
3 2 2 862m2 173m2
Your Property History
29 Jun, 2021 - Listed for sale at $790,000
9 Nov, 2020 - Listed for rent at $600 / week
30 Oct, 2019 - Listed for rent at $580 / week
20 Dec, 2018 - Listed for rent at $650 / week
28 Aug, 2017 - Sold for $710,000
16 Feb, 2017 - Listed for sale at HIGH $700,000'S
Tamara West
New Client Consultant
M | 0499 700 985 P | 07 4046 9300
tamara.west@fncairnscentral.com
© Copyright 2021 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic). All rights reserved.
Comparable Rentals Map © Copyright 2021 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic). All rights reserved.
Comparable Rentals
17 Barrier Close Clifton Beach QLD 4879
3 2 2 682m2 152m2
Listing Price Listed Date 01-Mar-21 Year Built 2001
$620 per week DOM 17 days Distance 1.12km
1
7 Trivia Street Palm Cove QLD 4879
3 2 2 700m2 149m2
Listing Price Listed Date 08-Jan-21 Year Built 2007
$620 per week DOM 35 days Distance 1.34km
2
DOM = Days on market
© Copyright 2021 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic). All rights reserved.
Palm Cove
Demographic
Suburb Insights
2.1 k
Population
26%
5 years population
change
8.5 years
Average length of
ownership
The size of Palm Cove is approximately 3.6 square kilometres. It has 15 parks covering nearly 4.9% of total
area. The population of Palm Cove in 2011 was 1,656 people. By 2016 the population was 2,082 showing a
population growth of 25.7% in the area during that time. The predominant age group in Palm Cove is 60-69
years. Households in Palm Cove are primarily childless couples and are likely to be repaying $1800 - $2399
per month on mortgage repayments. In general, people in Palm Cove work in a professional occupation. In
2011, 49.6% of the homes in Palm Cove were owner-occupied compared with 57.1% in 2016. Currently the
median sales price of houses in the area is $745,000.
HOUSEHOLD STRUCTURE HOUSEHOLD OCCUPANCY HOUSEHOLD INCOME AGE
TYPE % TYPE % TYPE % TYPE %
Childless Couples 59.3 Owns Outright 30.1 0-15.6K 4.3 0-9 7.7
Couples with Children 30.3 Purchaser 27.0 15.6-33.8K 15.6 10-19 9.3
Single Parents 10.2 Renting 41.2 33.8-52K 17.2 20-29 7.2
Other 0.4 52-78K 16.4 30-39 12.2
Not Stated 1.7 78-130K 22.2 40-49 15.2
130-182K 6.8 50-59 18.0
182K+ 9.0 60-69 19.5
70-79 9.6
80-89 2.4
© Copyright 2021 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic). All rights reserved.
Local Schools
SCHOOL ADDRESS DISTANCE SCHOOL TYPE GENDER SECTOR YEARS
Trinity Anglican School - 3.85km Primary Mixed Non-Government 0-0
Marlin Coast Campus
45 Poolwood Road Kewarra
Beach QLD 4879
Tropical North Learning 4.79km Primary Mixed Government 0-6
Academy - Trinity Beach
State School
25-45 Wewak Street Trinity
Beach QLD 4879
Tropical North Learning 6.75km Secondary Mixed Government 7-12
Academy - Smithfield State
High School
Kuranda District State 7.27km Combined Mixed Government 0-12
College
260 Myola Road Kuranda QLD
4881
Yorkeys Knob State School 8.81km Primary Mixed Government 0-6
26-38 Clinton Street Yorkeys
Knob QLD 4878
Property is within school catchment area Property is outside school catchment area
© Copyright 2021 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic). All rights reserved.Recent Market Trends
PERIOD ASKING RENT CHANGE GROSS RENTAL YIELD RENTAL OBSERVATIONS
Mar 2021 $600 0.4% 4.7% 73
Feb 2021 $597 8.6% 4.7% 74
Jan 2021 $550 -1.8% 4.7% 77
Dec 2020 $560 -0.4% 4.7% 76
Nov 2020 $562 2.3% 4.7% 78
Oct 2020 $550 -0.9% 4.7% 76
Sep 2020 $555 0.9% 4.7% 80
Aug 2020 $550 0.0% 4.7% 79
Jul 2020 $550 5.8% 4.7% 89
Jun 2020 $520 -1.9% 4.7% 91
May 2020 $530 -1.9% 4.8% 91
Apr 2020 $540 0.0% 4.8% 97
© Copyright 2021 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic). All rights reserved.Long Term Market Trends
PERIOD ASKING RENT CHANGE GROSS RENTAL YIELD RENTAL OBSERVATIONS
2021 $615 16.0% 4.7% 67
2020 $530 -1.9% 4.8% 91
2019 $540 0.0% 5% 87
2018 $540 3.8% 4.9% 83
2017 $520 4.0% 4.9% 82
2016 $500 5.8% 4.2% 97
2015 $472 -0.5% 4.6% 82
2014 $475 5.6% 5% 80
2013 $450 0.0% 4.9% 60
2012 $450 - 4.9% 79
© Copyright 2021 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic). All rights reserved.Summary 15 Sennfeld Close Palm Cove QLD 4879 Appraisal price range $620 - $650 per week © Copyright 2021 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic). All rights reserved.
Disclaimer
Based on or contains data provided by the State of Queensland (Department of Natural Resources and
Mines) 2021. In consideration of the State permitting use of this data you acknowledge and agree that the
State gives no warranty in relation to the data (including accuracy, reliability, completeness, currency or
suitability) and accepts no liability (including without limitation, liability in negligence) for any loss,
damage or costs (including consequential damage) relating to any use of the data. Data must not be used
for direct marketing or be used in breach of the privacy laws; more information at
www.propertydatacodeofconduct.com.au
The Appraisal Amount contained in the report may have been manually provided by the Agent; or may be
based on an automated valuation model estimate provided by CoreLogic ('AVM Estimated Value'). AVM
Estimated Values are current at the date of the publication only. It is computer generated and is not a
professional appraisal of the subject property and should not be relied upon in lieu of appropriate
professional advice. The accuracy of the methodology used to develop the AVM Estimated Value, the
existence of the subject property, and the accuracy of the AVM Estimated Value and all rule sets provided
are estimates based on available data and are not guaranteed or warranted. CoreLogic excludes all liability
for any loss or damage arising in connection with the Appraisal Amount and/or AVM Estimated Value.
Product Data licensed by CoreLogic under a Creative Commons Attribution licence. For details regarding
licence, data source, copyright and disclaimers, see
www.corelogic.com.au/aboutus/thirdpartyrestrictions.html
All information relating to Schools provided by CoreLogic is as a courtesy only. CoreLogic does not make
any representations regarding the accuracy or completeness of the data. You should contact the School
directly to verify this information.
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does
not warrant the accuracy or completeness of the data and information contained in this publication and to
the full extent not prohibited by law excludes all for any loss or damage arising in connection with the
data and information contained in this publication.
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