Located in New South Wales within the Central Coast (NSW) local government area, Palmdale is a small, quiet locality (postcode 2258). The area has roughly 95 residents and 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. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.7% 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 professionals, clerical & administrative, labourers. Employment in the area leans toward healthcare and agriculture. The top ancestries reported are Australian, English, Scottish.
Palmdale has a median house price of $1.8 million, which has climbed sharply by 41% year-on-year. The current median weekly rent is $682. This gives a gross rental yield of approximately 2.0%. The median monthly mortgage repayment is $2,253.
The crime rate in the Central Coast (NSW) LGA is below average at 3,557 incidents per 100,000 population.
On the investment side, Gross rental yield sits at around 2.0% (low yield). Property prices are near the state median ($1.8M/$1.5M). The price-to-income ratio of 15.9x is considered stretched. House prices have moved +41.0% year-on-year. Population growth of +0.7% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.