Palgarup is a sparsely populated locality in Western Australia within the Manjimup local government area (postcode 6258). It is home to about 145 residents, with a mature demographic and a median age of 51. Households earn a median income of $64K per year, with an average household size of 2.3 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.9% year-on-year at the LGA level. WA employment has moved +1.9% year-on-year in the official ABS Labour Force trend series, which provides the broader jobs backdrop for this suburb. WA also had 24 Commonwealth-backed major projects under construction, 12 underway, and 12 in planning as at 2025-09-01, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are labourers, managers, machinery operators & drivers. Employment in the area leans toward agriculture and construction. The top ancestries reported are Australian, English, Irish.
Palgarup has a median house price of $118,000, which has declined steeply by 46.6% year-on-year. The median weekly rent is $250 (Census 2021). This gives a gross rental yield of approximately 11.1%. The median monthly mortgage repayment is $1,083.
Public transport access includes 2 bus stops.
On the investment side, The gross rental yield works out to roughly 11.1%, which reads as high yield. Property prices sit below the state median ($118K/$1.0M), which can point to relative value. The price-to-income ratio of 1.8x is considered affordable. House prices have moved -46.6% year-on-year. Population growth of +0.9% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.