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Palmer St, Balmain NSW 2041

Street

Street Summary

Palmer St, Balmain NSW 2041 sits below the suburb's house median, carrying collector-road traffic with a 40km/h limit. 32 homes sit above the street; 15 homes sit level with the street; 4 homes sit below the street. 55 homes are heritage-listed and 45 are recommended for a flood check. The street is 19% house and 63% apartment. Notable developments include 6 Rosebery Pl (208 lots, 4 levels, built 2000), 7 Hyam St (141 lots, 2 levels, built 1997), and 23 Palmer St (124 lots, 4 levels, built 2000).


PART 1
Street Profile

Property Type Mix

The mix of houses and apartments (units) that make up the Palmer St, Balmain NSW 2041 property market.

Houses vs Apartments288 total lots
19.1%
62.8%
18.1%
Houses (19.1%)
Apartments (62.8%)
Townhouses/Villas/Unclassified (18.1%)

Street Class & Speed Limit

The road classification and posted speed limit along Palmer St, Balmain NSW 2041. Road class and speed limit can each vary from section to section; the dominant setting along the street is shown here.

Dominant road class & speed limitCOLLECTOR ROAD · 40 km/h40.3% of properties front this section

PART 2
Houses

"Houses" in this report includes detached houses, duplexes, and terraces.

Land Topography

How house lots on Palmer St, Balmain NSW 2041 sit relative to street level — topography that affects drainage, flood risk, privacy, and build cost. Statistics are calculated from properties with available data.

High-side vs low-side house lots
High-sideFlatLow-side
32 lots
15 lots
4 lots
High-side (1m above)
Flat
Low-side (1m below)

Risks &Overlays

See which key planning overlays and environmental risks affect this street before you buy.

Heritage
55 houses affected
Bushfire
0 houses affected
Flood
0 houses affected
High voltage power line
0 houses affected

Street Sales - Houses

Actual house sales on Palmer St, Balmain NSW 2041 over the past 5 years, plotted against the Balmain NSW 2041 median house price trend over the same period.

Street sales vs suburb median
Street SalesSuburb Median Price
$0$1.3M$2.5M$3.8M$5.0MSept 21May 23Jan 25Sept 26$2.6M · 2022$2.5M · 2023$2.5M · 2024$2.8M · 2025$2.7M · 2026$1.7M · 2024-11-20 · 104 PALMER ST, BALMAIN NSW 2041$1.8M · 2023-10-31 · 106 PALMER ST, BALMAIN NSW 2041$2.1M · 2025-12-13 · 108 PALMER ST, BALMAIN NSW 2041$2.4M · 2024-08-28 · 24 PALMER ST, BALMAIN NSW 2041$2.4M · 2024-02-16 · 33A PALMER ST, BALMAIN NSW 2041$2.6M · 2025-10-31 · 33 PALMER ST, BALMAIN NSW 2041$2.4M · 2024-10-03 · 52 PALMER ST, BALMAIN NSW 2041$2M · 2023-03-10 · 56 PALMER ST, BALMAIN NSW 2041$2.1M · 2021-10-07 · 92 PALMER ST, BALMAIN NSW 2041$2M · 2026-03-25 · 92 PALMER ST, BALMAIN NSW 2041$925k · 2023-01-16 · 96 PALMER ST, BALMAIN NSW 2041$2.4M · 2024-08-28 · 22 PALMER ST, BALMAIN NSW 2041$3.3M · 2025-09-11 · 28 PALMER ST, BALMAIN NSW 2041
Street price-19%vs suburb median
Turnover rate23.6%Past 5 years

PART 3
Apartments

Street Sales - Apartments

Actual apartment (unit) sales on Palmer St, Balmain NSW 2041 over the past 5 years, plotted against the Balmain NSW 2041 median apartment price trend over the same period.

Street sales vs suburb median
Street SalesSuburb Median Price
$0$1.3M$2.5M$3.8M$5.0MSept 21May 23Jan 25Sept 26$1.2M · 2022$1.3M · 2023$1.4M · 2024$1.4M · 2025$1.3M · 2026$2.4M · 2023-06-23 · 77 PALMER ST, BALMAIN NSW 2041$2.2M · 2025-02-22 · 81 PALMER ST, BALMAIN NSW 2041$2.2M · 2022-06-17 · 79 PALMER ST, BALMAIN NSW 2041$1.6M · 2021-10-15 · 20/85 PALMER ST, BALMAIN NSW 2041$2.3M · 2024-10-11 · 25/85 PALMER ST, BALMAIN NSW 2041$2.2M · 2021-11-03 · 26/85 PALMER ST, BALMAIN NSW 2041$1.3M · 2021-11-17 · 28/85 PALMER ST, BALMAIN NSW 2041$1.5M · 2025-02-17 · 28/85 PALMER ST, BALMAIN NSW 2041$1.5M · 2025-03-27 · 32/85 PALMER ST, BALMAIN NSW 2041$1.6M · 2025-06-06 · 1/85 PALMER ST, BALMAIN NSW 2041$1.5M · 2025-07-03 · 4/85 PALMER ST, BALMAIN NSW 2041$1.4M · 2022-04-26 · 7/85 PALMER ST, BALMAIN NSW 2041$1.6M · 2024-08-17 · 9/85 PALMER ST, BALMAIN NSW 2041$1.3M · 2022-06-15 · 30/85 PALMER ST, BALMAIN NSW 2041
Apartment sales0Past 12 months
Turnover rate8.3%Past 5 years

Largest Apartment Projects

The largest apartment projects on Palmer St, Balmain NSW 2041, ranked by number of lots.

1
6 ROSEBERY PL, BALMAIN NSW 2041Large project (100+ lots)
2
7 HYAM ST, BALMAIN NSW 2041Large project (100+ lots)
3
23 PALMER ST, BALMAIN NSW 2041Large project (100+ lots)

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Living in Palmer St, Balmain NSW 2041 : Street Profile & FAQs

Common questions about living on and buying property on Palmer St, Balmain NSW 2041 — lifestyle, transport, and the local housing market.

Note: Data is sourced from the Australian Bureau of Statistics (ABS) 2021 Census data and knest.ai internal statistical data.

Is Palmer St an expensive or affordable street relative to Balmain?

House prices on Palmer St sit 18.89% below the Balmain suburb house median.

What are the risk and overlay factors on Palmer St?

There is no bushfire or high-voltage powerline risk on Palmer St, while 55 homes are heritage-listed. Flood overlays do not apply to any properties, but 45 homes are recommended for a flood check, and 10 homes have no flood risk identified or are not mapped. Heritage listings mean renovations, extensions, or exterior changes may require additional council approval, reducing renovation flexibility. A flood check recommendation does not necessarily mean a property floods, but it is worth reviewing council mapping, flood reports, and insurance costs before purchasing.

Are properties on Palmer St mostly on high, level or low ground?

32 homes sit above the street; 15 homes sit level with the street; 4 homes sit below the street. Different site heights relative to the street can influence site characteristics, but buyers should assess the specific property rather than relying on the street average.

What type of road is Palmer St?

Palmer St is a collector road with a 40 km/h speed limit, and 40.3% of the street's residential properties front this dominant road section. Collector roads generally connect local streets with larger roads, which may mean slightly more traffic than a purely local residential street.

Is Palmer St mostly houses or apartments?

There are 288 residential properties on Palmer St. Houses make up 19.1% of the stock, while apartments make up 62.8%. The street is predominantly apartments.

What are the major apartment developments on Palmer St?

The major apartment developments on Palmer St are 6 Rosebery Pl (208 lots, 4 levels, built in 2000), 7 Hyam St (141 lots, 2 levels, built in 1997), and 23 Palmer St (124 lots, 4 levels, built in 2000). These developments contribute to the street's apartment presence or higher-density residential character.

How many properties have sold on Palmer St?

4 houses and 1 apartment have sold in the past 12 months. The 5-year turnover rate is 23.6% for houses and 8.3% for apartments. Turnover measures the proportion of properties that changed ownership during the past five years.

Is Palmer St a good street to buy property on?

Palmer St is a collector road with a 40 km/h speed limit, and 40.3% of the street's residential properties front this dominant road section. Collector roads generally connect local streets with larger roads, which may mean slightly more traffic than a purely local residential street.