Palmers Oaky is a quiet locality in New South Wales within the Lithgow local government area (postcode 2795). With a population of 38, the suburb has an older demographic with a median age of 57. Households earn a median income of $67K per year, with an average household size of 2.2 people. The most common occupations are managers, clerical & administrative, technicians & trades. The top ancestries reported are Australian, English, Aboriginal Australian.
The median house price in Palmers Oaky is $635,000, having surged 10309.8% over the past year. The current median weekly rent is $530. This gives a gross rental yield of approximately 4.3%. The median monthly mortgage repayment is $1,753.
The crime rate in the Lithgow LGA is moderate at 4,769 incidents per 100,000 population.
From an investment perspective, Palmers Oaky offers a gross rental yield of 4.3%, rated as moderate yield. Property prices sit below the state median ($635K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 9.5x is considered moderate. House prices have moved +10309.8% year-on-year.
Palmers Oaky is a quiet locality in New South Wales within the Lithgow local government area (postcode 2795). With a population of 38, the suburb has an older demographic with a median age of 57. Households earn a median income of $67K per year, with an average household size of 2.2 people. The most common occupations are managers, clerical & administrative, technicians & trades. The top ancestries reported are Australian, English, Aboriginal Australian.
The median house price in Palmers Oaky is $635,000, having surged 10309.8% over the past year. The current median weekly rent is $530. This gives a gross rental yield of approximately 4.3%. The median monthly mortgage repayment is $1,753.
The crime rate in the Lithgow LGA is moderate at 4,769 incidents per 100,000 population.
From an investment perspective, Palmers Oaky offers a gross rental yield of 4.3%, rated as moderate yield. Property prices sit below the state median ($635K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 9.5x is considered moderate. House prices have moved +10309.8% year-on-year.