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Pallamallawa, NSW 2400
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$300,000
Median Unit
$190,000
Gross Yield (houses)
7.7%
1yr Growth (houses)
-14.3%
estimate
Investment snapshot for Pallamallawa
Pallamallawa has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Pallamallawa market and investor summary
In Pallamallawa, NSW 2400, the median house sells for around $300K, on a gross rental yield of 7.7% for houses. House prices have moved -14.3% over the past year and +30.4% over three years. At 1.5% vacancy, it is a tight rental market that favours landlords.
For an investor, the rent-to-price maths here leans toward cashflow: a gross house yield near 7.7% does more of the early heavy lifting than capital growth usually would at this price point. Houses also take time to sell, around 75 days on market, so plan for a slower exit if you ever need one.
Living in Pallamallawa: people, income and schools
Pallamallawa has a resident population of roughly 472, a number that has held fairly steady over five years. At a median age of 45, it reads as skewed a little older, and 72% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
The typical household income runs to around $85,000 a year (about $1,640 a week). On socio-economic measures it ranks toward the more disadvantaged end of the ABS advantage index (2 out of 10). At current prices a median house runs to roughly 3.5 times local household income, leaving more headroom than most capital-city markets. Incomes have risen about 28% over five years, which tends to underpin what local buyers can pay.
There is 1 school within about 5km, testing below the national school average on ICSEA. It is fairly car-dependent; the suburb scores 17 for walkability out of 100.
- Population
- 472
- -1% over 5yr
- Median age
- 45 years
- Median household income
- $85,000/yr
- Households renting
- 18%
- Family households
- 74%
- Socio-economic rank
- 2/10
- ABS advantage index
- Schools within 5km
- 1
- avg ICSEA 889
- Unemployment
- 0.0%
- Walk score
- 17/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Pallamallawa
No properties currently listed in Pallamallawa
Search Pallamallawa listings →Frequently asked questions about Pallamallawa
What should I check before investing in Pallamallawa?
Pallamallawa has enough public data for first-pass screening across yield, vacancy, price and supply signals. Strong unit gross rental yield of 8.2%, before expenses, tax and loan costs. 3-year capital growth of +30.4% shows sustained momentum, not just a single-year spike. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Pallamallawa?
The median property price in Pallamallawa, NSW 2400 is $300K for houses and $190K for units.
What rental yield does Pallamallawa show?
The gross rental yield in Pallamallawa is 7.7% for houses and 8.2% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Pallamallawa?
House prices in Pallamallawa are down 14.3% over the past year and up 30.4% over three years. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Pallamallawa?
The current vacancy rate in Pallamallawa is 1.5%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Pallamallawa?
Pallamallawa has a population of approximately 472 residents, with a median age of 45.
What schools are near Pallamallawa?
There are 1 school within roughly 5km of Pallamallawa. Their average ICSEA is below the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Pallamallawa affordable to buy in?
A median house in Pallamallawa costs about 3.5 times the median local household income (more affordable than most capital-city markets). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Pallamallawa's population growing?
The population of Pallamallawa has held roughly flat over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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