Palarang is a quiet locality in New South Wales within the Snowy Monaro Regional local government area (postcode 2632). With a population of 26, the suburb has an older demographic with a median age of 55. Households earn a median income of $84K per year, with an average household size of 2 people. The most common occupations are managers, labourers, professionals. The top ancestries reported are English, Irish, Scottish.
The median house price in Palarang is $16 million, having surged 39726.3% over the past year. The current median weekly rent is $280. This gives a gross rental yield of approximately 0.1%. The median monthly mortgage repayment is $1,660.
Public transport access includes 2 bus stops. The crime rate in the Snowy Monaro Regional LGA is below average at 2,178 incidents per 100,000 population.
From an investment perspective, Palarang offers a gross rental yield of 0.1%, rated as low yield. Property prices are above the state median ($16.1M/$1.5M), placing it in the premium segment. The price-to-income ratio of 190.1x is considered stretched. House prices have moved +39726.3% year-on-year.
Palarang is a quiet locality in New South Wales within the Snowy Monaro Regional local government area (postcode 2632). With a population of 26, the suburb has an older demographic with a median age of 55. Households earn a median income of $84K per year, with an average household size of 2 people. The most common occupations are managers, labourers, professionals. The top ancestries reported are English, Irish, Scottish.
The median house price in Palarang is $16 million, having surged 39726.3% over the past year. The current median weekly rent is $280. This gives a gross rental yield of approximately 0.1%. The median monthly mortgage repayment is $1,660.
Public transport access includes 2 bus stops. The crime rate in the Snowy Monaro Regional LGA is below average at 2,178 incidents per 100,000 population.
From an investment perspective, Palarang offers a gross rental yield of 0.1%, rated as low yield. Property prices are above the state median ($16.1M/$1.5M), placing it in the premium segment. The price-to-income ratio of 190.1x is considered stretched. House prices have moved +39726.3% year-on-year.