At number 545th in the list of Australian suburbs ordered by increase in median house value over the last year, Palmerston, 2913 is in the top 20% with a property value increase of 15.84% recorded in median house prices.
Over the longer term, Palmerston has seen property prices show investors a 23.86% return over the last 3 years. This is worse than over the last 12 months
Vendor discounting in Palmerston is giving property investors an average Vendor Discount of around -3.67%. This puts suburb at number 26th in ACT when ranking the most discounted suburbs.
Residents and property investors in Palmerston have been waiting around 57.71 days to sell a property.
A $460 per week rent on the median house gives suburb investors a gross yield of circa 3.52%, without taking into account capital value appreciation, which has been averaging out at 5.41%.
Investment property in Palmerston has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 1.55%
Palmerston,2913 was ranked 815 in Australia by increase in median property value over the quarter.
State is the 8th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.07% offered to property buyers. Sellers in Palmerston itself are offering an average vendor discount of -2.70% to real estate investors.