Pallamallawa (postcode 2399) is a quiet locality in New South Wales within the Moree Plains local government area. It is home to about 472 residents, with a settled, mature resident base and a median age of 45. Households earn a median income of $85K per year, with an average household size of 2.4 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at -0.3% year-on-year at the LGA level. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are managers, labourers, technicians & trades. Employment in the area leans toward agriculture and retail trade. The top ancestries reported are English, Australian, Aboriginal Australian.
The median house price in Pallamallawa is $230,000, having posted strong gains by 6.2% over the past year. The median weekly rent is $200 (Census 2021). This gives a gross rental yield of approximately 4.5%. The median monthly mortgage repayment is $953.
Pallamallawa is served by 1 school, including 1 primary. The average ICSEA score is 857, which is well below the national average of 1,000. Public transport access includes 15 bus stops. The crime rate in the Moree Plains LGA is higher than average at 13,478 incidents per 100,000 population.
On the investment side, Pallamallawa shows a gross rental yield of approximately 4.5%, rated as moderate yield. Property prices sit below the state median ($230K/$1.5M), which can point to relative value. The price-to-income ratio of 2.7x is considered affordable. House prices have moved +6.2% year-on-year. Population growth of -0.3% year-on-year points to declining demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.