Beach please! Port Douglas and Palm Cove battle to be the best
One is a tourist gem and the other was voted Best Beach in the World, and now just $100k seperates their median house prices. See the Qld spots worth far less than their southern rivals.
Just $100,000 now seperates the median house prices in Port Douglas and Palm Cove, with the latter named the best beach in the world.
The latest REA Market Trends report shows that the median house price in old tourism favourite Port Douglas is $1.2 million, as new favourite Palm Cove screams up the ranks to $1.1 million.
Every year Condé Nast Traveler ranks beaches from around the world to curate a list of 34 locations.
Palm Cove in Far North Queensland recently took out the top spot globally, described as “the epitome of a tropical paradise” by the publication.
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House value increases in Palm Cove have consistently beaten perennial favourite Port Douglas in terms of growth in recent years.
Data shows that Palm Cove house prices have increased 11.4 per cent in 12 months (Port Douglas +10.3%), 41 per cent in three years (Port Douglas + 37.9%) amd 100.9 per cent in five years (Port Douglas (+71.4%).
But when it comes to asking rent, Palm Cove is streets ahead of Port Douglas, asking a weekly median of $870 compared to $695.
Palm Cove houses are also selling faster 45 days compared to 60 days.
The median vendor discount in Port Douglas is also three times that in Palm Cove.
Just 12 months ago, the median house price in Palm Cove was $955,000, while in Port it was $1.04 million.
So what is on the market now in the two suburbs competing for property dominance in God’s paradise? Let’s find out:
PORT DOUGLAS - TOP 3 MOST EXPENSIVE
1. 1 Island Point Road, Port Douglas - CONTACT AGENT FOR PRICE
This hillside mansion was complete in the early 2000s and had never been lived in when it was first listed for sale.
It has seven bedrooms, seven bathrooms and sits on an elevated 1216sqm block with spectacular Coral Sea and island views.
2. 26 Island Point Road, Port Douglas - OFFERS OVER $6.9M
On a 1897sq m block, this elevated residence has four bedrooms, five bathrooms and panoramic views.
Called The Glasshouse, the three-level residence offers Instagram-worthy views that stretch across Four Mile Beach, the majestic mountain ranges, and the serene Dickson Inlet, where you can watch super yachts gracefully cruise by, according to Queensland Sotheby’s International Realty.
3. 57 Murphy Street, Port Douglas - PRICE ON REQUEST
On a 926sq m elevated block, this five-level statement home offers privacy and luxury.
“Immerse yourself in the privacy that this luxurious property offers, where you can reside away from the public gaze should you so desire,” the listing says.
“Read a book, write a song, work from home, entertain friends and family, spend time with your loved ones, or just sit and watch the world go by against the backdrop of stunning sunrises and sunsets.”
PALM COVE - TOP 3 MOST EXPENSIVE
1. 9 Colonel Cummings Drive, Palm Cove - $7.5 MILLION
On an cliff-top 501sq m block with breathtaking ocean views, this statement residence has four bedrooms, three bathrooms and room for six vehicles.
“Created from meticulously selected materials, fixtures, and fittings from around the globe, this residence perfectly balances comfort with sophistication,” the listing says.
2. 14/109 Upolu Esplanade, Palm Cove - EOI
Wrapped in native bushland with 32m of absolute beach frontage, this striking residence is set on one of the best beachfront blocks in Cairns.
On a 664sq m block, the residence has four bedrooms, three bathrooms, a pool with ocean and creek views, multiple living areas, a wraparound balcony, modern kitchen, master suite wing, and a gate openly straight onto the beach.
3. 31 Seaside Parade, Palm Cove - Contact agent
On a 1254sq m block sits Tentram, a luxe retreat described as an “authentic and custom-built, exuding the oriental mystery of India, and the spirit of Indonesia, all seamlessly fused with the very best of modern Australian architecture”.
Meaning “peaceful, tranquillity and serenity”, the residence boasts cutting-edge architecture fused with traditional Balinese Design (Balay Vandyke).
Originally published as Beach please! Port Douglas and Palm Cove battle to be the best
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