Palmers Island, NSW 2463
Clarence Valley CouncilAll suburbs in postcode 2463
Updated
Median house price
$927,500
Median of 8 house sales · NSW Valuer General · calendar 2025
Selling in Palmers Island?
Get the free selling guide, personalised to Palmers Island, or ask for a free appraisal from a local agent.
Palmers Island at a glance
- Median unit
- $240,480
- Weekly rent
- $620
- Houses
- Population
- 482
- Median age 49
Prices: Median of 8 house sales · NSW Valuer General · calendar 2025 · Rent: NSW rental bond data (postcode 2463), June 2026 · Population: 2021 Census
House prices in Palmers Island
Houses change hands at $927,500 on a typical sale, below the NSW median (8 house sales, NSW Valuer General, calendar 2025). Units come in around $240,480, roughly 74% below the house median.
For buyers
A 20% deposit on the median house works out to roughly $186,000. Prices are below the NSW median, which keeps Palmers Island on the radar for first-home buyers and right-sizers.
Rental data as of June 2026· NSW rental bond data (postcode 2463)
Free appraisal in Palmers Island
What’s your home worth in Palmers Island?
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What to know about Palmers Island
Palmers Island (2463) sits in the Clarence Valley region of NSW. The median house here is $927,500, below the NSW median of around $1.10M.
Palmers Island has roughly 482 residents, with an established, older skew. Households are predominantly owner-occupied. Daily life is car-dependent: most residents drive to work, school and the shops.
What it’s like to live here
Palmers Island scores 0/100 on walkability, which makes it car-dependent with limited public transport. Plan for two cars in a typical household, especially if work isn't local.
Summer days here average around 28°C (warm), winter mornings around 9°C (mild). Annual rainfall lands at about 1,301 mm. Figures are our 1991 to 2020 averages of SILO data for this location (Queensland Government, built from Bureau of Meteorology observations).
Schooling within or near the suburb covers 7 government primary, 2 Catholic, 2 independent.
Schools in Palmers Island
Location
Walkability
- Walk
- 0/100
- Transit
- 0/100
- Bike
- 0/100
Very car dependent. Scores out of 100, calculated from OpenStreetMap data (ODbL).
Walkability data as of May 2026· OpenStreetMap
Demographics
The 2021 Census put Palmers Island's population at 482, with a median age of 49. That sits as an established, older skew. Households are predominantly owner-occupied (86% own, 11% rent), which shapes everything from school catchment stability to how often properties turn over. The household mix skews family-dominated (80% family households, 23% lone person), so amenity decisions tend to follow what families want: parks, schools, supermarkets.
- Family households
- 80%
- Lone person
- 23%
- Owner occupied
- 86%
- Renter occupied
- 11%
Demographics data as of May 2026· ABS 2021 Census
Investment overview
Gross rental yield on houses sits at 3.48% (median rent $620/wk against a $927,500 price tag). Renter share is modest (11%), so the rental pool is smaller and tenant demand can be patchier than in higher-density suburbs.
- Gross yield, housesSource: NSW Valuer General (PSI) · Sept 2026
- 3.48%
- On the $927,500 median
Gross rental yield is a year’s rent divided by the purchase price, before expenses. It leaves out vacancy, management fees, maintenance and financing costs, so treat it as a starting point.
Crime and safety
5 offences recorded in 2026
Top offence categories
Source: State Police Open Data
Crime data as of January 2026
Weather year-round
- Annual rainfall
- 1,301 mm
- Hottest month, avg max
- 28.4°C
- Coldest month, avg min
- 9.4°C
Rainfall by month
Our 1991 to 2020 averages of SILO data (Queensland Government, built from Bureau of Meteorology observations, CC BY 4.0) for this location.
Climate data as of October 2026· SILO (Queensland Government), from Bureau of Meteorology observations
Questions about Palmers Island
- What is the median house price in Palmers Island?
- The median house price in Palmers Island, NSW 2463 is $927,500 (median of 8 house sales recorded by the NSW Valuer General in calendar 2025). The median unit price is $240,480.
- How much is my house worth in Palmers Island?
- A useful starting point is the Palmers Island median house price of $927,500 (units $240,480). Your home will sit above or below that depending on land size, condition, position and what comparable homes nearby have sold for recently. For a figure specific to your property, request a free property appraisal from a local agent using the form on this page.
- Is Palmers Island a good investment?
- On the published figures, the gross rental yield on houses in Palmers Island is 3.5%: the median weekly house rent is $620 (NSW rental bond data (postcode 2463), June 2026) against the median house price of $927,500 (NSW Valuer General, calendar 2025). No 12-month price change is published for Palmers Island: the NSW Valuer General figures we hold do not measure one. Whether Palmers Island is a good investment for you depends on the price you pay, your loan and holding costs, vacancy and your tax position. These are published market figures, not financial advice.
- What is the Palmers Island postcode?
- Palmers Island is in the 2463 postcode, in NSW, in the Clarence Valley Council region.
- Where is Palmers Island?
- Palmers Island is a suburb in the Clarence Valley Council area, NSW 2463.
- What is the average rent in Palmers Island?
- The median weekly rent for houses is $620.
- What schools are in Palmers Island?
- There are 11 schools serving Palmers Island on this page, including Palmers Island Public School, St James' Primary School, Harwood Island Public School.
- How walkable is Palmers Island?
- Palmers Island has a Walk Score of 0 out of 100, highly car-dependent. transit score 0, bike score 0.
- What suburbs are near Palmers Island?
- Palmers Island is close to Micalo Island, Freeburn Island, Harwood, Goodwood Island, Yamba.
- What is the population of Palmers Island?
- The population of Palmers Island is approximately 482 (2021 Census). The median age is 49.
Selling in Palmers Island? Get the free selling guide
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Sources. House and unit medians from the NSW Valuer General, Land Victoria, the SA Government and the ABS; rents from the state rental bond authorities. Census from the ABS (2021), climate from the Bureau of Meteorology, hazard from Geoscience Australia, schools from ACARA and crime from state police open data. Each figure carries its source and date. How we source data
How we’re paid. The guides and this page are free. When a seller asks, we introduce one local agent, and the agent pays us a flat fee for the introduction, never a share of their commission; it costs the seller nothing. If a figure looks wrong, tell us and we’ll fix it.