Pallal is a quiet locality in New South Wales within the Gwydir local government area (postcode 2404). With a population of 66, the suburb has an established demographic with a median age of 38. Households earn a median income of $98K per year, with an average household size of 2.8 people. The most common occupations are managers, professionals, technicians & trades. The top ancestries reported are Australian, English, Scottish.
The median house price in Pallal is $700,000, having surged 159.3% over the past year. The current median weekly rent is $325. This gives a gross rental yield of approximately 2.4%. The median monthly mortgage repayment is $1,603.
Public transport access includes 12 bus stops. The crime rate in the Gwydir LGA is below average at 3,433 incidents per 100,000 population.
From an investment perspective, Pallal offers a gross rental yield of 2.4%, rated as low yield. Property prices sit below the state median ($700K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 7.2x is considered moderate. House prices have moved +159.3% year-on-year.
Pallal is a quiet locality in New South Wales within the Gwydir local government area (postcode 2404). With a population of 66, the suburb has an established demographic with a median age of 38. Households earn a median income of $98K per year, with an average household size of 2.8 people. The most common occupations are managers, professionals, technicians & trades. The top ancestries reported are Australian, English, Scottish.
The median house price in Pallal is $700,000, having surged 159.3% over the past year. The current median weekly rent is $325. This gives a gross rental yield of approximately 2.4%. The median monthly mortgage repayment is $1,603.
Public transport access includes 12 bus stops. The crime rate in the Gwydir LGA is below average at 3,433 incidents per 100,000 population.
From an investment perspective, Pallal offers a gross rental yield of 2.4%, rated as low yield. Property prices sit below the state median ($700K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 7.2x is considered moderate. House prices have moved +159.3% year-on-year.