Palm Cove at a glance
2,803
People
$1,230,000
Median sale
$676/wk
Median rent
2.86%
Suburb gross yield
Median sale from 27 recorded sales (last 12 months) — a Districts calculation.
QLD › Palm Cove › Veivers Rd
$800,000
Last sold
4 Dec 2025
2
Bedrooms
1
Bathrooms
2
Car spaces
622 m²
Land
Districts View
No upside evidence detected in the data Districts holds for this lot.
No detected risks — but see the checklist: absence of evidence is not an all-clear.
Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.
Price evidence
Last sold
$800,000
4 Dec 2025 · derived via latest_sale
Local land rate: recorded House sales in Palm Cove (last 5 years) with land size have a median of $1,622/m² of land (n=25). Districts calculation from recorded sales — not a valuation.
Palm Cove at a glance
2,803
People
$1,230,000
Median sale
$676/wk
Median rent
2.86%
Suburb gross yield
Median sale from 27 recorded sales (last 12 months) — a Districts calculation.
Vs Palm Cove
-35.0%
Median sale
Suburb $1,230,000
+1.53 pp
Gross yield
Suburb 2.86%
Suburb median $1,230,000 from 27 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning data is being calculated
Data unavailable
Source
Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.
Site
Terrain has not been calculated for this property yet.
Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.
Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
For more information on this property, visit Queensland Globe.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
QLDPlanning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Nearby development applications are not loaded. This lot’s own applications are a separate question.
Rental
No advertised rent is recorded. Suburb median rent $676/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.
Current comparable rental listings within 400 m of this lot are not loaded. Nearby development applications are not loaded. This lot’s own applications are a separate question. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.
Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. Net yield / holding costs are not estimated outside NSW without inventing land tax.
Verdict
Districts view
Not enough official evidence yet to underwrite this as an investment.
Detail
The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”
Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.
The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.
Evidence
Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.
1 of 10 questions answered so far
Development optionality of this lot
UnknownPlanning layers have not been retrieved for this property yet.
Nearby development pipeline
UnknownNearby development applications are not loaded. This lot’s own applications are a separate question.
Honest achievable rent
KnownlowThis is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.
Rental supply pressure
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownDevelopment applications have not been queried for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.
Area
Palm Cove at a glance
2,803
People
$1,230,000
Median sale
$676/wk
Median rent
2.86%
Suburb gross yield
Median sale from 27 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Ray White CairnsPositioned on a generous 622m² fully fenced allotment, 'The Ray Murphy Team' proudly presents this character-filled home, featuring stunning Cathedral ceilings and an open-plan living area designed for the ultimate indoor/outdoor lifestyle. The home is adorned with glass louvres that capture refreshing sea breezes year-round, creating a light and airy atmosphere.
Step outside to the expansive alfresco area, where a sparkling swimming pool invites you to relax and entertain. With side access providing ample space for boats, trailers, and caravans, and no rear neighbours, this property offers privacy and tranquillity.
Currently tenanted until July 2026, this home represents an excellent investment opportunity with immediate rental returns, making it a fantastic addition to any portfolio.
PROPERTY PROFILE:
- Two large bedrooms with robes
- Central kitchen complete with a large freestanding 6-burner gas cooktop and oven, dishwasher, and ample bench and storage space
- Open-plan living and dining with high ceilings and split system air conditioning
- Main bathroom with access from outdoor area
- Internal laundry
- Tiled undercover alfresco area overlooking the sparkling in-ground pool, surrounded by a lush bushland backdrop
- Sizeable front and rear yards with plenty of room
- Double gate, side access offering loads of space for boats, trailers, caravans, or additional cars
- Fully fenced with no rear neighbours
- Lock-up garage plus a single carport
- Solar panels
- Rental Income: Currently achieving $650.00 per week until July 2026
Situated only a moment's drive from the world-famous Palm Cove beachfront, lined with bespoke cafés, award-winning restaurants, boutique shops, and 500-year-old melaleuca trees. All other major amenities are less than 10 minutes away.
Don't delay, contact 'The Ray Murphy Team' today to register your interest!
IN-ROOM AUCTION
When: Tuesday, 21st October 2025
Where: The Bluewater Bar & Grill - The Lighthouse Room
Time: From 5:30pm
Secure your spot early! Register now for a seamless bidding experience at our upcoming auction: https://auctionslive.com/app/bidder-registration/2ml22
Disclaimer:
All information contained is gathered from sources we believe to be reliable. In preparation of this advertisement our best endeavours have been made to ensure the information contained is true and accurate. However, we accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies, or misstatements contained. Prospective purchasers are encouraged to make their own enquiries to verify the information contained in this advertisement.
Listing description written by Ray Murphy, Ray White Cairns — reproduced as published, not verified by Districts.