Pallamallawa is a quiet locality in New South Wales within the Moree Plains local government area (postcode 2399). With a population of 472, the suburb has a mature demographic with a median age of 45. Households earn a median income of $85K per year, with an average household size of 2.4 people. The most common occupations are managers, labourers, technicians & trades. The top ancestries reported are English, Australian, Aboriginal Australian.
The median house price in Pallamallawa is $300,000, having surged 30.4% over the past year. The median weekly rent is $200 (Census 2021). This gives a gross rental yield of approximately 3.5%. 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 13,538 incidents per 100,000 population.
From an investment perspective, Pallamallawa offers a gross rental yield of 3.5%, rated as moderate yield. Property prices sit below the state median ($300K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 3.5x is considered affordable. House prices have moved +30.4% year-on-year.
Pallamallawa is a quiet locality in New South Wales within the Moree Plains local government area (postcode 2399). With a population of 472, the suburb has a mature demographic with a median age of 45. Households earn a median income of $85K per year, with an average household size of 2.4 people. The most common occupations are managers, labourers, technicians & trades. The top ancestries reported are English, Australian, Aboriginal Australian.
The median house price in Pallamallawa is $300,000, having surged 30.4% over the past year. The median weekly rent is $200 (Census 2021). This gives a gross rental yield of approximately 3.5%. 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 13,538 incidents per 100,000 population.
From an investment perspective, Pallamallawa offers a gross rental yield of 3.5%, rated as moderate yield. Property prices sit below the state median ($300K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 3.5x is considered affordable. House prices have moved +30.4% year-on-year.