Victoria emerges as Australia’s happiest state – real estate report
The latest national report on seller happiness found the areas exhibiting the highest rate of seller happiness across Australia, ultimately ...
PALMERSTON, 2913 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Investors saw the median home price rise to $610,000.
Profits due to an upward trend in home prices in the suburb averaged 6.42% per annum over a 3-year period.
PALMERSTON now ranks at the 77th place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in PALMERSTON are low, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $515 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In PALMERSTON, homes and units usually stay on listing for an average of 63.3 days.
In 2016, 56 properties were sold in PALMERSTON during the past year, making it the 27th most active market in ACT based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $610,000 | $430,000 |
| GROWTH REPORT | ||
| Median Quarterly | -5.43% | 1.78% |
| Median 12 month | -5.79% | 5.72% |
| Median 3 years | 19.26% | 14.67% |
| Median 5 years | 17.08% | 18.78% |
| 10 years average annual | 1.99% | 2.02% |
| Weekly media advert. rent | $515 | $450 |
| Time on Market | 63.3 days | 37.9 days |
| Gross Rental Yield Percent | 4.39% | 5.44% |
The latest national report on seller happiness found the areas exhibiting the highest rate of seller happiness across Australia, ultimately ...
The 2020 calendar year is shaping up to be a big one for investors looking to capitalise on Australia’s middle markets office space. ...
A director at HLB Mann Judd has shed light on how investors can utilise a self-managed super fund to meet their property goals. ...
With the east coast of Australia becoming increasingly unaffordable and wage growth continuing to stall, east coast growth is tipped to slow...
The low rate environment means investors are moving towards financial product assets and away from property to earn returns in 2020, accordi...
New figures have shown just how much of a squeeze low housing construction numbers had on the national economy last year. ...
Get notifications in real-time for staying up to date with content that matters to you.
Subscribe to our newsletter
