Suburb Profile Report for Palmerston ACT (2913)

Palmerston House: Median price $670,000, Annual capital growth 5.14%, Number of sales 40, Weekly median advertised rent $510

Palmerston Unit: Median price $397,500, Annual capital growth 3.12%, Number of sales 50, Weekly median advertised rent $385

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Over the last year, property investments in Palmerston, 2913 have given investors a capital gain of 3.04%. This compares averagely with the 4.86% for ACT as a whole.

A 21.82% growth in median value for property investors in Palmerston,2913 puts this suburb at number 60th in terms of best performing suburbs in ACT

Palmerston, 2913 is offering ACT ‘s 61th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 20% of discounts offered by this ACT.

Giving property investors a a stable capital gain of 7.72% for the last year, Palmerston, 2913 is the 501th highest performer in Australia in this respect.

The five-year average increase in median property values for Palmerston,2913 has given property investors a potential capital gain of 2.71% across each of those five years.

The most recent median price for Palmerston is $397500, with sellers offering an average of -2.21% off the asking price.

Often selling an investment property can take time, and in Palmerston the average time real estate has been on the market is 67.8 days.

A $385 per week rent on the median house gives suburb investors a gross yield of circa 5.04%, without taking into account capital value appreciation, which has been averaging out at 3.12%.

HOUSE UNIT
$670,000 $397,500
0.00% 5.72%
3.04% 7.72%
5.14% 3.12%
$510 $385
40 50
3.96% 5.04%
52.13 67.8

Source: CoreLogic

DSR Score for property investment : Very good (U), Very good (H)
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Demographics
Total population 5681
Median household income ($/weekly) 1923
Median age of persons 33
Median housing loan repayment ($/monthly) 2090
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 766 13.5
    25-34 years 953 16.8
    35-44 years 936 16.5
    45-54 years 842 14.8
    55-64 years 552 9.7
    Others 1630 28.7
    Age Group
    Census Count Percent(%)
    Registered Married 2120 50.0
    Not Married 1702 40.1
    Defacto Relationship 418 9.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 3764 68.3
    Croatia 216 3.9
    Indonesia 152 2.8
    United Kingdom 183 3.3
    Other 405 7.4
    Others 790 14.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 339 6.4
    Christianity 3130 59.0
    Hinduism 167 3.2
    Islam 252 4.8
    No Religion 1353 25.5
    Others 60 1.1
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 283 15.5
    $2,000-$2,499 222 12.2
    $2,500-$2,999 228 12.5
    $3,000-$3,499 180 9.9
    $4,000 or more 160 8.8
    Others 751 41.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2246 51.1
    Not in the labour force 982 22.4
    Employed, worked part-time 819 18.6
    Employed, away from work 221 5.0
    Unemployed, looking for work 124 2.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 481 14.6
    Professionals 879 26.7
    Technicians & trades workers 400 12.2
    Community & personal service workers 318 9.7
    Clerical & administrative workers 646 19.6
    Others 565 17.2
    Occupation
    Census Count Percent(%)
    Pre-school 79 4.8
    Infants/Primary 514 31.0
    Secondary 432 26.1
    Technical or Further Educational Institution 191 11.5
    University or other Tertiary Institutions 382 23.1
    Others 58 3.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3820 69.9
    Semi-detached, row or terrace house, townhouse 1632 29.9
    Flat, unit or apartment 10 0.2
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 832 42.1
    Rented 633 32.0
    Fully owned 507 25.6
    Other tenure type 5 0.3
    Tenure Type
Census 2011, ABS
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Recent sales & rentals