Palmwoods is a quiet locality in New South Wales within the Byron local government area (postcode 2482). With a population of 78, the suburb has an established demographic with a median age of 40. Households earn a median income of $50K per year, with an average household size of 2.5 people. The most common occupations are managers, professionals, technicians & trades. The top ancestries reported are Australian, English, Irish.
The median house price in Palmwoods is $870,000, having surged 176.2% over the past year. The current median weekly rent is $700. This gives a gross rental yield of approximately 4.2%. The median monthly mortgage repayment is $1,517.
The crime rate in the Byron LGA is moderate at 4,153 incidents per 100,000 population.
From an investment perspective, Palmwoods offers a gross rental yield of 4.2%, rated as moderate yield. Property prices sit below the state median ($870K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 17.3x is considered stretched. House prices have moved +176.2% year-on-year.
Palmwoods is a quiet locality in New South Wales within the Byron local government area (postcode 2482). With a population of 78, the suburb has an established demographic with a median age of 40. Households earn a median income of $50K per year, with an average household size of 2.5 people. The most common occupations are managers, professionals, technicians & trades. The top ancestries reported are Australian, English, Irish.
The median house price in Palmwoods is $870,000, having surged 176.2% over the past year. The current median weekly rent is $700. This gives a gross rental yield of approximately 4.2%. The median monthly mortgage repayment is $1,517.
The crime rate in the Byron LGA is moderate at 4,153 incidents per 100,000 population.
From an investment perspective, Palmwoods offers a gross rental yield of 4.2%, rated as moderate yield. Property prices sit below the state median ($870K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 17.3x is considered stretched. House prices have moved +176.2% year-on-year.