Palmerston, 2913 ranked 76th in ACT when comparing growth in median property values or capital gain over the last 12 months. Palmerston is one of 126 in our list for ACT
While Palmerston,2913 ranked number 31th in ACT for increase in median house value (annualised) increase, it is ranked 31th over the last 5 years.
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.
Often selling an investment property can take time, and in Palmerston the average time real estate has been on the market is 47 days.
Palmerston, 2913 ranked 23th in ACT when comparing growth in median property values or capital gain over the last 12 months. Palmerston is one of 126 in our list for ACT
Taking the average capital gain, or increase in median house value, Palmerston,2913 has racked up an average of 5.19% over the period. This ranks it number 1343th in the whole country for real estate investors looking at median house price increases.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Palmerston, 2913. Typically our figures indicate that -1.28% is being offered, which puts this ACT suburb at 1477th most discounted overall in Australia.
Palmerston, 2913’s gross rental yield is 5.27%
The townhouse market is looking quite strong, with a 2.5% increase in median price. This demand could be fuelled by the low prices, as affordability is a key factor for both investors and owner occupiers alike in the current market.Full summary
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Median townhouse price: $369,000
Rental yield: 5.77%
The suburb of Palmerston was only the second Gungahlin suburb to undergo development. This area is mainly residential, with single homes and duplexes.
The townhouse market is looking quite strong, with a 2.5% increase in median price. This demand could be fuelled by the low prices, as affordability is a key factor for both investors and owner occupiers alike in the current market. However, it is the rental market that is shining – rents rose by a considerable 5%, and returns to investors are quite high at 5.8%.
Palmerston is well-stocked with amenities, including medical centres, shopping hubs and community centres. An oval has been established adjacent to Palmerston Primary School for sports and recreation, and there are several bicycle trails crossing the suburb. Palmerston’s streets are also festooned with fruit trees.
The suburb is linked to the Gungahlin Town Centre via bus. These routes also go to Belconnen. Canberra is a 20-minute drive along Barton Highway and Northbourne Avenue.Close