Palm Cove: The Jewel of Far North Queensland
Nestled between the Daintree Rainforest and the Coral Sea, Palm Cove is one of the most prestigious and picturesque suburbs of Cairns, located approximately 25 kilometres north of the city centre. Known for its stunning beachside views, luxury resorts, and tranquil surroundings, Palm Cove has earned a reputation as the perfect tropical getaway. This vibrant beach suburb is highly popular with both tourists and residents, combining natural beauty with modern conveniences, making it a thriving and desirable area to live and visit.
Palm Cove has seen steady growth over recent years, with more interstate buyers discovering the appeal of living in this pristine coastal suburb. It’s a hub for those seeking a blend of laid-back beach living and access to some of the best resorts, restaurants, and natural attractions in Queensland.
Palm Cove Property Prices
Palm Cove is home to some of the most luxurious beachfront properties in the Cairns region, making it a premium real estate market. As of mid-2024, the median house price was approximately $1,125,000, reflecting its popularity and prestigious status. The local property market has experienced significant growth over the past few years, driven by high demand from both local buyers and interstate newcomers.
Rental prices in Palm Cove are equally competitive, with the median rent for a house around $850 per week. The mix of upscale apartments, modern homes, and beachfront villas caters to professionals, retirees, and families alike, all seeking the luxury lifestyle that Palm Cove offers.
Demographics
According to the 2021 Census, Palm Cove had a population of 2,450 residents. The community is known for its blend of young professionals, retirees, and families who enjoy the relaxed coastal atmosphere. The suburb’s reliance on tourism has shaped the local economy, with many residents working in hospitality and the service industry.
Local Amenities
Palm Cove offers an array of high-end amenities for both residents and visitors. The iconic Palm Cove Jetty is perfect for a leisurely stroll or some afternoon fishing, while the beachfront esplanade is lined with fine dining options, cafes, and boutique shops. The wellness culture thrives here, with numerous day spas and wellness retreats, making Palm Cove the ultimate spot for relaxation.
In addition to its luxury amenities, Palm Cove is surrounded by natural beauty, with the Daintree Rainforest just a short drive away and easy access to the Great Barrier Reef. This makes it a popular destination for both adventure-seekers and those looking to unwind.
Schools
While Palm Cove does not have schools within the suburb itself, nearby options include:
Your Local Palm Cove Real Estate Experts
Professionals Cairns Beaches are the leading experts in Palm Cove real estate. Whether you’re looking to buy a luxury beachfront villa or sell your property, our team provides exceptional service, offering tailored marketing strategies and in-depth knowledge of the local market to help you achieve the best outcome.
Partner with Professionals Cairns Beaches
With a strong focus on building client relationships and a deep understanding of the Palm Cove market, Professionals Cairns Beaches guide you every step of the way. Let us help you find your perfect home or ensure a seamless sale in Palm Cove, where luxury living meets tropical paradise.