ACT/
Palmerston

Suburb Profile

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

house
unit

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 16.03% for the past year.

Investors saw the median home price rise to $745,500.

Profits due to an upward trend in home prices in the suburb averaged 8.86% per annum over a 3-year period.

PALMERSTON now ranks at the 13th 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 $570 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 37.9 days.

In 2016, 42 properties were sold in PALMERSTON during the past year, making it the 38th most active market in ACT based on total real estate transactions.

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $745,500 $403,275
GROWTH REPORT
Median Quarterly 3.43% 2.29%
Median 12 month 16.03% 3.4%
Median 3 years 26.57% 9.14%
Median 5 years 35.55% 10.18%
10 years average annual 5.52% 1.66%
Weekly media advert. rent $570 $420
Time on Market 37.9 days 56.1 days
Gross Rental Yield Percent 3.98% 5.42%
demographics (median values)
Total Population
5706
Weekly Household Income
1547
Household Size
2.80
demographics
select a category
Age group
Top 10 Birth Countries
Dwelling Structures
Education
Household Income
Labour Force
Marital Status
Occupation
Religious Affiliation
Tenure Type

Capital Gains Tax (CGT) Calculator

Palmerston, ACT
property details
Sale price
$
Current taxable income
$
Purchase price
$
Calculate
promoted stories