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Palmers Channel
NSW, 2463 - Clarence Valley

Thinking about buying in Palmers Channel? Now could not be a better time, with just 100 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $956,000 with prices in this suburb ranging from $254,000 to $2,851,000. Palmers Channel is located fairly close to the coast at just 4Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Household Makeup

Median Weekly Rent $357.75
Median Monthly Mortgage $1673.75
Median Persons Per Bedroom 0.80
Average Household Size 3.00
Average Age 50.75
Average Income $642.50
Average Cars Per Dwelling 2.24
Average Properties Within 50M 14

Housing Stock

Average Property Prices

3 Bed  $1,213,000
4 Bed  $1,511,000

Palmers Channel Real Estate Market Outlook

In Palmers Channel there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Low average incomes in Palmers Channel is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. The slightly lower than average earnings from occupations in Palmers Channel changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. Lower than average population density constrains growth in Palmers Channel to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. Lower than average industry presence in Palmers Channel we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Palmers Channel a better buying opportunity than it may have been in the past.


Local Schools

Gulmarrad Public School

Harwood Island Public School

(While the above schools are located with the suburb of Palmers Channel there may also be nearby schools whose catchments cover this suburb)

Local Crime Rate

Incidents Trend State Average

We are currently collecting information for this location.

Palmers Channel weather - Average Local Climate by month

(mm)
RAIN
Min (°C)
TEMP
Max (°C)
TEMP
Min (%)
HUMIDITY
Max (%)
HUMIDITY
(m/sec)
WIND
(MJ/sq m)
SOLAR
Jan521.12866.994.63.824.9
Feb6.321.327.965.695.44.521.7
Mar4.220.427.466.897.14.118.3
Apr5.317.225.063.496.04.015.6
May3.913.522.063.395.13.412.6
Jun4.711.720.45993.33.511.1
Jul2.610.720.452.491.23.312.2
Aug2.610.921.545.589.83.615.6
Sept1.113.823.350.891.03.818.5
Oct3.116.224.558.893.14.021.7
Nov1.918.426.558.493.34.025.0
Dec2.619.827.262.994.63.925.4

source: Australian Government Bureau of Meteorology


Recently Sold Properties / House Prices

03-11-2022 $1,085,000 736 PALMERS CHANNEL SOUTH BANK RD
16-11-2021 $760,000 398 GARDINERS RD
17-05-2021 $200,000 312 PALMERS CHANNEL SOUTH BANK RD
18-09-2020 $1,050,000 67 BOUNDARY RD
07-09-2020 $800,000 408 PALMERS CHANNEL SOUTH BANK RD
08-04-2020 $535,000 283 PALMERS CHANNEL SOUTH BANK RD
20-12-2019 $1,860,000 44 CAMERONS LANE
28-06-2019 $1,055,000 337 PALMERS CHANNEL SOUTH BANK RD
09-11-2018 $620,000 432 GARDINERS RD
08-03-2018 $510,500 736 PALMERS CHANNEL SOUTH BANK RD
17-01-2018 $3,000 679 PALMERS CHANNEL SOUTH BANK RD
22-06-2017 $649,000 279 PALMERS CHANNEL SOUTH BANK RD
16-02-2017 $635,000 156 AMOS RD
24-04-2015 $315,000 122 AMOS RD
29-04-2014 $405,000 398 GARDINERS RD
03-04-2014 $410,000 283 PALMERS CHANNEL SOUTH BANK RD
07-02-2014 $1,150,000 44 CAMERONS LANE
29-11-2013 $153,750 431 PALMERS CHANNEL SOUTH BANK RD
02-03-2012 $463,000 647 PALMERS CHANNEL SOUTH BANK RD
16-11-2010 $345,000 277 SOUTH BANK RD
13-07-2009 $355,000 277 SOUTH BANK RD
03-09-2007 $357,500 424 SOUTH BANK RD
14-05-2007 $885,000 589 SOUTH BANK RD
11-04-2007 $630,000 339 GARDINERS RD
22-12-2004 $595,000 44 CAMERONS LANE

Internet Speed

Download 25 Mbps / Upload 5 Mbps

Nearby Suburbs

James CreekMicalo IslandWooloweyahTownsendPalmers IslandGulmarradMacleanHillcrestHarwoodYamba

Public Transport


General Points of Interest

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