The size of Paloona is approximately 7.9 square kilometres. It has 2 parks covering nearly 16.5% of total area. The population of Paloona in 2011 was 1,024 people. By 2016 the population was 64 showing a population decline of 93.8% in the area during that time. The predominant age group in Paloona is 60-69 years. Households in Paloona are primarily childless couples and are likely to be repaying $450 - $599 per month on mortgage repayments. In general, people in Paloona work in a labourer occupation. In 2011, 83.3% of the homes in Paloona were owner-occupied compared with 79% in 2016..
Paloona has 42 properties. Over the last 5 years, Houses in Paloona have seen a 56.87% increase in median value. As at 31 October 2024:
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