Pimlico (postcode 2478) is a sparsely populated locality in New South Wales within the Ballina local government area. With a population of 358, the suburb has a settled mid-life population with a median age of 41. Households earn a median income of $85K per year, with an average household size of 2.9 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.0% year-on-year at the LGA level. NSW employment has moved +1.2% year-on-year in the official ABS Labour Force trend series, which provides the broader jobs backdrop for this suburb. NSW also had 35 Commonwealth-backed major projects under construction, 17 underway, and 67 in planning as at 2025-09-01, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are labourers, managers, technicians & trades. Employment in the area leans toward construction and healthcare. The top ancestries reported are English, Australian, Irish.
Median house prices in Pimlico sit at $868,000, little changed on a year ago. The current median weekly rent is $800. This gives a gross rental yield of approximately 4.8%. The median monthly mortgage repayment is $1,650.
Public transport access includes 30 bus stops. The crime rate in the Ballina LGA is moderate at 4,049 incidents per 100,000 population.
Looking at the investment signals, Gross rental yield sits at around 4.8% (moderate yield). Property prices sit below the state median ($868K/$1.5M), which can point to relative value. The price-to-income ratio of 10.3x is considered stretched. House prices have moved -0.3% year-on-year. Population growth of +1.0% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.