Palmers Channel is a quiet locality in New South Wales within the Clarence Valley local government area (postcode 2463). With a population of 115, the suburb has a mature demographic with a median age of 52. Households earn a median income of $62K per year, with an average household size of 2.4 people. The most common occupations are managers, labourers, machinery operators & drivers. The top ancestries reported are English, Australian, Scottish.
The median house price in Palmers Channel is $1.1 million, having remained flat 0% over the past year. The current median weekly rent is $580. This gives a gross rental yield of approximately 2.7%. The median monthly mortgage repayment is $1,733.
The crime rate in the Clarence Valley LGA is moderate at 4,981 incidents per 100,000 population.
From an investment perspective, Palmers Channel offers a gross rental yield of 2.7%, rated as low yield. Property prices are near the state median ($1.1M/$1.5M). The price-to-income ratio of 17.6x is considered stretched. House prices have moved +0.0% year-on-year.
Palmers Channel is a quiet locality in New South Wales within the Clarence Valley local government area (postcode 2463). With a population of 115, the suburb has a mature demographic with a median age of 52. Households earn a median income of $62K per year, with an average household size of 2.4 people. The most common occupations are managers, labourers, machinery operators & drivers. The top ancestries reported are English, Australian, Scottish.
The median house price in Palmers Channel is $1.1 million, having remained flat 0% over the past year. The current median weekly rent is $580. This gives a gross rental yield of approximately 2.7%. The median monthly mortgage repayment is $1,733.
The crime rate in the Clarence Valley LGA is moderate at 4,981 incidents per 100,000 population.
From an investment perspective, Palmers Channel offers a gross rental yield of 2.7%, rated as low yield. Property prices are near the state median ($1.1M/$1.5M). The price-to-income ratio of 17.6x is considered stretched. House prices have moved +0.0% year-on-year.