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Palmerston

ACT/
Palmerston

Suburb Profile

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

house
unit

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.

Data report can be found below

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%
demographics (median values)
Total Population
5706
Weekly Household Income
1547
Household Size
2.80
demographics
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