Question 1

Is Palmers Island a nice place to live?

Accepted Answer

Palmers Island sits on the Clarence River near Maclean and has a quietly rural, waterside character. Riverfront blocks, small farms and a mix of older weatherboard homes and newer houses shape a place where boating, fishing and outdoor living are part of everyday life. Local day-to-day needs are met in nearby Maclean, and the island’s slower pace appeals to families, retirees and anyone after a relaxed riverside lifestyle.

With 482 residents and a median age of 49, Palmers Island is a small, mostly owner-occupied community (53.7% owned outright and 34.8% owned with a mortgage). The suburb has a public school and a bank erosion assessment and management plan for the village. Council-led works on Yamba Road at Palmers Channel to raise and widen the road and add a cycle lane and shared path are described as reducing flood-related closures for communities including Palmers Island.

Question 2

Is it expensive to live in Palmers Island?

Accepted Answer

Palmers Island hasn't had enough recent sales or rentals to put reliable figures on what homes cost to buy or rent. Without those property figures, there isn't a clear picture of how expensive it is to live in Palmers Island compared with local household incomes as recorded at the most recent Census.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Palmers Island a good place to invest?

Accepted Answer

There haven't been enough recent sales or rentals in Palmers Island to publish reliable figures on how house and unit values and rents have changed over the past year. Because of that, these statistics do not provide a clear picture of how the suburb has performed as an investment lately.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	N/A	N/A
Change in value Past 12 months	N/A	N/A
Sold Past 3 months	3	N/A
Median days on market Past 12 months	N/A	N/A
Average rent Past 12 months	N/A	N/A
Change in rent Past 12 months	N/A	N/A

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