ACT/
Palmerston

Suburb Profile

Palmerston - FREE SUBURB PROFILE REPORT
POSTAL CODE: ACT,2913

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PALMERSTON, 2913 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in ACT have risen as a whole, pulling PALMERSTON, 2913 values up and netting property investors a capital gain of 12.15% for the past year.

Investors saw the median home price rise to $729,000.

Profits due to an upward trend in home prices in the suburb averaged 8.56% per annum over a 3-year period.

PALMERSTON now ranks at the 45th 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 $580 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 34.8 days.

In 2016, 49 properties were sold in PALMERSTON during the past year, making it the 25th most active market in ACT based on total real estate transactions.

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $729,000 $394,250
GROWTH REPORT
Median Quarterly 1.71% 0.32%
Median 12 month 12.15% -1.44%
Median 3 years 25.69% 6.27%
Median 5 years 36.9% 7.13%
10 years average annual 5.14% 1.89%
Weekly media advert. rent $580 $420
Time on Market 34.8 days 42.0 days
Gross Rental Yield Percent 4.14% 5.54%
demographics (median values)
Total Population
5706
Weekly Household Income
1547
Household Size
2.80
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Palmerston, ACT
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