Suburb Profile Report for Palmerston ACT (2913)

Palmerston House: Median price $670,000, Annual capital growth 4.79%, Number of sales 36, Weekly median advertised rent $520

Palmerston Unit: Median price $379,000, Annual capital growth 2.69%, Number of sales 47, Weekly median advertised rent $388

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

Source: CoreLogic

  • House Report
  • Unit Report

If you compare the increase in value of investment property in Palmerston, 2913 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this ACT suburb was 3.04%.

Over the longer term, Palmerston has seen property prices show investors a 21.82% 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 -1.91%. This puts suburb at number 60th in ACT when ranking the most discounted suburbs.

At number 615 in a list of fastest selling suburbs, Palmerston is in the TOP 20% of suburbs in Australia with an average of days on market 52.85 for properties listed there.

The ACT suburb of Palmerston, 2913 is in the Unincorporated ACT local government area.

If you compare the increase in value of investment property in Palmerston, 2913 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this ACT suburb was 1.74%.

The five-year average increase in median property values for Palmerston,2913 has given property investors a potential capital gain of -2.45% across each of those five years.

Vendor discounting in Palmerston is giving property investors an average Vendor Discount of around -2.02%. This puts suburb at number 41th in ACT when ranking the most discounted suburbs.

Situated 9.19km from the CBD, Palmerston is one of Unincorporated ACT localities in the postcode 2913.

HOUSE UNIT
$670,000 $379,000
4.28% -0.72%
3.04% 1.74%
4.79% 2.69%
$520 $388
36 47
4.04% 5.32%
52.85 70.2

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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