Palmers Channel is a quiet locality in New South Wales within the Clarence Valley local government area (postcode 2463). It is home to about 115 residents, with a settled, mature resident base and a median age of 52. Households earn a median income of $62K per year, with an average household size of 2.4 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.2% 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 managers, labourers, machinery operators & drivers. Employment in the area leans toward agriculture and professional services. The top ancestries reported are English, Australian, Scottish.
Palmers Channel has a median house price of $410,000, which has dropped significantly by 34.9% year-on-year. The current median weekly rent is $600. This gives a gross rental yield of approximately 7.6%. The median monthly mortgage repayment is $1,733.
The crime rate in the Clarence Valley LGA is moderate at 5,045 incidents per 100,000 population.
On the investment side, Palmers Channel shows a gross rental yield of approximately 7.6%, rated as high yield. Property prices sit below the state median ($410K/$1.5M), which can point to relative value. The price-to-income ratio of 6.6x is considered moderate. House prices have moved -34.9% year-on-year. Population growth of +1.2% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.