The $8 billion tax cash splash and what it means for property values
Australians are cashing in on the federal government's tax cuts and handouts. Here's what it means for local markets. ...
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 $624,444.
Profits due to an upward trend in home prices in the suburb averaged 5.21% per annum over a 3-year period.
PALMERSTON now ranks at the 84th 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 $530 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 31.9 days.
In 2016, 52 properties were sold in PALMERSTON during the past year, making it the 30th most active market in ACT based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $624,444 | $409,250 |
| GROWTH REPORT | ||
| Median Quarterly | -5.74% | 1.48% |
| Median 12 month | -6.1% | 7.7% |
| Median 3 years | 15.64% | 15.28% |
| Median 5 years | 29.42% | 9.57% |
| 10 years average annual | 2.84% | 1.73% |
| Weekly media advert. rent | $530 | $425 |
| Time on Market | 31.9 days | 36.9 days |
| Gross Rental Yield Percent | 4.41% | 5.4% |
Australians are cashing in on the federal government's tax cuts and handouts. Here's what it means for local markets. ...
In response to the cash rate cut and adjustments from the banking regulator, there has been a spate of changes to the cost and serviceabilit...
NAB has undercut some of its competitors with changes to its mortgage serviceability terms, making it easier for buyers to secure finance fr...
Following four apartment buildings in Sydney becoming ghost towns, the Strata Community Association (NSW) has called for mass reforms to hel...
Most people like to think important financial decisions rely on a logical interpretation of facts and figures. But I believe one of the bigg...
Strong gains of up to 14 per cent in the rural property sector are set to slow as drought-affected lands bring the heat out of the market, a...
Get notifications in real-time for staying up to date with content that matters to you.