Palmdale is a quiet locality in New South Wales within the Central Coast (NSW) local government area (postcode 2258). With a population of 95, the suburb has a mature demographic with a median age of 54. Households earn a median income of $112K per year, with an average household size of 2.6 people. The most common occupations are professionals, clerical & administrative, labourers. The top ancestries reported are Australian, English, Scottish.
The median house price in Palmdale is $3.1 million, having surged 297.3% over the past year. The current median weekly rent is $620. This gives a gross rental yield of approximately 1.0%. The median monthly mortgage repayment is $2,253.
The crime rate in the Central Coast (NSW) LGA is below average at 3,528 incidents per 100,000 population.
From an investment perspective, Palmdale offers a gross rental yield of 1.0%, rated as low yield. Property prices are above the state median ($3.1M/$1.5M), placing it in the premium segment. The price-to-income ratio of 27.9x is considered stretched. House prices have moved +297.3% year-on-year.
Palmdale is a quiet locality in New South Wales within the Central Coast (NSW) local government area (postcode 2258). With a population of 95, the suburb has a mature demographic with a median age of 54. Households earn a median income of $112K per year, with an average household size of 2.6 people. The most common occupations are professionals, clerical & administrative, labourers. The top ancestries reported are Australian, English, Scottish.
The median house price in Palmdale is $3.1 million, having surged 297.3% over the past year. The current median weekly rent is $620. This gives a gross rental yield of approximately 1.0%. The median monthly mortgage repayment is $2,253.
The crime rate in the Central Coast (NSW) LGA is below average at 3,528 incidents per 100,000 population.
From an investment perspective, Palmdale offers a gross rental yield of 1.0%, rated as low yield. Property prices are above the state median ($3.1M/$1.5M), placing it in the premium segment. The price-to-income ratio of 27.9x is considered stretched. House prices have moved +297.3% year-on-year.