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.

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.

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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

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Internet Speed

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Nearby Suburbs

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Public Transport

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General Points of Interest

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