Palm Beach is a small community in New South Wales within the Northern Beaches local government area (postcode 2108). With a population of 1,652, the suburb has an older demographic with a median age of 58. Households earn a median income of $146K per year, with an average household size of 2.3 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Palm Beach is $5.7 million, having increased 2.6% over the past year. Units have a median price of $520,000 (-62.9% YoY). The current median weekly rent is $2538. This gives a gross rental yield of approximately 2.3%. The median monthly mortgage repayment is $4,000.
Public transport access includes 2 ferry wharfves, 23 bus stops. The crime rate in the Northern Beaches LGA is low at 1,499 incidents per 100,000 population.
From an investment perspective, Palm Beach offers a gross rental yield of 2.3%, rated as low yield. Property prices are above the state median ($5.7M/$1.5M), placing it in the premium segment. The price-to-income ratio of 38.9x is considered stretched. House prices have moved +2.6% year-on-year.
Palm Beach is a small community in New South Wales within the Northern Beaches local government area (postcode 2108). With a population of 1,652, the suburb has an older demographic with a median age of 58. Households earn a median income of $146K per year, with an average household size of 2.3 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Palm Beach is $5.7 million, having increased 2.6% over the past year. Units have a median price of $520,000 (-62.9% YoY). The current median weekly rent is $2538. This gives a gross rental yield of approximately 2.3%. The median monthly mortgage repayment is $4,000.
Public transport access includes 2 ferry wharfves, 23 bus stops. The crime rate in the Northern Beaches LGA is low at 1,499 incidents per 100,000 population.
From an investment perspective, Palm Beach offers a gross rental yield of 2.3%, rated as low yield. Property prices are above the state median ($5.7M/$1.5M), placing it in the premium segment. The price-to-income ratio of 38.9x is considered stretched. House prices have moved +2.6% year-on-year.