Palmers Island is a quiet locality in New South Wales within the Clarence Valley local government area (postcode 2463). With a population of 482, the suburb has a mature demographic with a median age of 49. Households earn a median income of $73K per year, with an average household size of 2.6 people. The most common occupations are managers, technicians & trades, professionals. The top ancestries reported are Australian, English, Scottish.
The median house price in Palmers Island is $938,000, having surged 260.6% over the past year. Units have a median price of $925,000 (-28.8% YoY). The current median weekly rent is $580. This gives a gross rental yield of approximately 3.2%. The median monthly mortgage repayment is $1,733.
Palmers Island is served by 1 school, including 1 primary. The average ICSEA score is 944, which is below the national average of 1,000. Public transport access includes 8 bus stops. The crime rate in the Clarence Valley LGA is moderate at 4,981 incidents per 100,000 population.
From an investment perspective, Palmers Island offers a gross rental yield of 3.2%, rated as moderate yield. Property prices sit below the state median ($938K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 12.8x is considered stretched. House prices have moved +260.6% year-on-year.
Palmers Island is a quiet locality in New South Wales within the Clarence Valley local government area (postcode 2463). With a population of 482, the suburb has a mature demographic with a median age of 49. Households earn a median income of $73K per year, with an average household size of 2.6 people. The most common occupations are managers, technicians & trades, professionals. The top ancestries reported are Australian, English, Scottish.
The median house price in Palmers Island is $938,000, having surged 260.6% over the past year. Units have a median price of $925,000 (-28.8% YoY). The current median weekly rent is $580. This gives a gross rental yield of approximately 3.2%. The median monthly mortgage repayment is $1,733.
Palmers Island is served by 1 school, including 1 primary. The average ICSEA score is 944, which is below the national average of 1,000. Public transport access includes 8 bus stops. The crime rate in the Clarence Valley LGA is moderate at 4,981 incidents per 100,000 population.
From an investment perspective, Palmers Island offers a gross rental yield of 3.2%, rated as moderate yield. Property prices sit below the state median ($938K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 12.8x is considered stretched. House prices have moved +260.6% year-on-year.