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Palmers Island
NSW, 2463 - Clarence Valley

Thinking about buying in Palmers Island? Now could not be a better time, with just 295 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $1,283,000 with prices in this suburb ranging from $47,000 to $6,134,000. Palmers Island is located fairly close to the coast at just 3Km 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 $410.00
Median Monthly Mortgage $1658.50
Median Persons Per Bedroom 0.65
Average Household Size 2.00
Average Age 54.50
Average Income $654.50
Average Cars Per Dwelling 1.76
Average Properties Within 50M 7

Housing Stock

Average Property Prices

1 Bed  $639,000
2 Bed  $898,000
3 Bed  $972,000
4 Bed  $1,350,000
5 Bed  $1,709,000
6 Bed+$1,340,000

Palmers Island Real Estate Market Outlook

In Palmers Island 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 Island 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 Island 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 Island 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 Island 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 Island a better buying opportunity than it may have been in the past.

Houses for sale Palmers Island

LJ Hooker 4 WENTWORTH ST, PALMERS ISLAND, NSW, 2463 Beds4 Bathrooms3 Parking 3 $800,000
Ray White 97 MIDDLE RD, PALMERS ISLAND, NSW, 2463 Beds3 Bathrooms3 Parking 4 1500000
Ray White 105A PALMERS CHANNEL NORTH BANK RD, PALMERS ISLAND, NSW, 2463 Beds3 Bathrooms2 Parking 2 1000000

Local Schools

Palmers Island Public School

Iluka Public School

St James' Primary School

(While the above schools are located with the suburb of Palmers Island 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 Island 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

06-03-2024 $850,000 1 / 85 PALMERS CHANNEL NORTH BANK RD
19-01-2024 $1,300,000 105 PALMERS CHANNEL NORTH BANK RD
22-12-2023 $2,200,000 65 DURRINGTON LANE
15-12-2023 $795,000 28 O KEEFES LANE
26-10-2023 $535,000 9 CARRINGTON ST
08-08-2023 $840,000 7 CARRINGTON ST
16-06-2023 $890,000 6 WENTWORTH ST
12-05-2023 $860,000 5 GORDON ST
10-05-2023 $930,000 219 MIDDLE RD
28-10-2022 $805,000 2 DALLEY ST
04-02-2022 $420,000 248 PALMERS CHANNEL NORTH BANK RD
31-01-2022 $791,500 7 DALLEY ST
01-12-2021 $735,000 7 YAMBA ST
26-11-2021 $3,420,000 68 MCCONNELLS LANE
19-11-2021 $1,400,000 357 SCHOOL RD
10-11-2021 $1,800,000 14 WIBLENS LANE
27-10-2021 $750,000 4 RIVER RD
18-10-2021 $1,980,000 55 MIDDLE RD
01-10-2021 $510,000 15 YAMBA ST
20-08-2021 $860,000 13 SCHOOL RD
25-06-2021 $2,050,000 267 SCHOOL RD
19-03-2021 $980,000 2 / 85 PALMERS CHANNEL NORTH BANK RD
26-02-2021 $1,550,000 97 MIDDLE RD
10-12-2020 $635,500 2 DALLEY ST
01-12-2020 $465,000 5 YAMBA ST
25-11-2020 $860,000 56 PALMERS CHANNEL NORTH BANK RD
06-11-2020 $1,350,000 70 MCCONNELLS LANE
02-11-2020 $550,000 2 YAMBA ST
07-10-2020 $275,000 5 CARRINGTON ST
14-08-2020 $1,720,000 74 MCCONNELLS LANE
06-05-2020 $900,000 797 YAMBA RD
16-03-2020 $510,000 19 YAMBA ST
06-02-2020 $1,590,000 12 WIBLENS LANE
04-02-2020 $585,000 64 MCCONNELLS LANE
19-11-2019 $405,000 111 SCHOOL RD
20-09-2019 $445,000 4 CARRINGTON ST
17-04-2019 $2,125,000 65 MCDERMIDS RD
17-12-2018 $1,250,000 260 SCHOOL RD
04-12-2018 $2,320,000 68 MCCONNELLS LANE
04-12-2018 $605,000 363 PALMERS CHANNEL NORTH BANK RD
30-11-2018 $510,000 28 O KEEFES LANE
25-10-2018 $520,000 77 PALMERS CHANNEL NORTH BANK RD
20-09-2018 $437,500 10 GORDON ST
14-09-2018 $4,500,000 166 O KEEFES LANE
08-08-2018 $535,000 2 GORDON ST
20-07-2018 $275,000 111 SCHOOL RD
20-07-2018 $420,000 136 MIDDLE RD
17-07-2018 $1,487,500 253 SCHOOL RD
29-06-2018 $250,000 575 PALMERS CHANNEL NORTH BANK RD
21-05-2018 $825,000 298 O KEEFES LANE

Internet Speed

Download 25 Mbps / Upload 5 Mbps

Nearby Suburbs

Micalo IslandFreeburn IslandYambaHarwoodGoodwood IslandPalmers ChannelChatsworthJames CreekIlukaNyguru Village

Public Transport


General Points of Interest

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