Capital city clearance rates highest since 2017
Over the past three months, clearance rates across the combined capital cities have recorded the strongest peak since the June 2017 quarter....
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% |
Over the past three months, clearance rates across the combined capital cities have recorded the strongest peak since the June 2017 quarter....
The major bank has pledged $2 billion in funding and services to assist not-for-profit affordable and specialist housing providers, includin...
A local property development group is set to take on Melbourne’s build-to-rent sector after observing what it has described as a lack of n...
A decline in property prices in some capital cities has reduced the time needed to save for a deposit, particularly in Sydney. ...
As other property markets experience declines, Brisbane has stood out for its resilience, ultimately gaining the title of “most attractive...
There are 10 suburbs across Australia where investors will be grinning with the thought their property value could increase drastically duri...
Get notifications in real-time for staying up to date with content that matters to you.