Palm Grove is a quiet locality in New South Wales within the Central Coast (NSW) local government area (postcode 2258). With a population of 87, the suburb has an older demographic with a median age of 55. Households earn a median income of $74K per year, with an average household size of 2.4 people. The most common occupations are technicians & trades, clerical & administrative, professionals. The top ancestries reported are Australian, English, Scottish.
The median house price in Palm Grove is $1.2 million, having dropped significantly 50.3% over the past year. The current median weekly rent is $620. This gives a gross rental yield of approximately 2.6%. The median monthly mortgage repayment is $2,075.
Public transport access includes 1 bus stop. The crime rate in the Central Coast (NSW) LGA is below average at 3,528 incidents per 100,000 population.
From an investment perspective, Palm Grove offers a gross rental yield of 2.6%, rated as low yield. Property prices are near the state median ($1.2M/$1.5M). The price-to-income ratio of 16.6x is considered stretched. House prices have moved -50.3% year-on-year.
Palm Grove is a quiet locality in New South Wales within the Central Coast (NSW) local government area (postcode 2258). With a population of 87, the suburb has an older demographic with a median age of 55. Households earn a median income of $74K per year, with an average household size of 2.4 people. The most common occupations are technicians & trades, clerical & administrative, professionals. The top ancestries reported are Australian, English, Scottish.
The median house price in Palm Grove is $1.2 million, having dropped significantly 50.3% over the past year. The current median weekly rent is $620. This gives a gross rental yield of approximately 2.6%. The median monthly mortgage repayment is $2,075.
Public transport access includes 1 bus stop. The crime rate in the Central Coast (NSW) LGA is below average at 3,528 incidents per 100,000 population.
From an investment perspective, Palm Grove offers a gross rental yield of 2.6%, rated as low yield. Property prices are near the state median ($1.2M/$1.5M). The price-to-income ratio of 16.6x is considered stretched. House prices have moved -50.3% year-on-year.