At number 620th 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 13.54% recorded in median house prices.
Over the longer term, Palmerston has seen property prices show investors a 23.63% return over the last 3 years. This is worse than over the last 12 months
The most recent median price for Palmerston is $675000, with sellers offering an average of -2.45% off the asking price.
In the last year 40 properties changed hands in Palmerston, which puts it as the 44th most active market in ACT when comparing the number of sales per suburb.
Situated 9.42km from the CBD, Palmerston is one of Unincorporated ACT localities in the postcode 2913.
Investment property in Palmerston has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 4.59%
Across a shorter period, Palmerston, 2913 has seen a median price increase of 1.66% over the last quarter.
The most recent median price for Palmerston is $381750, with sellers offering an average of -2.80% off the asking price.
In the last year 48 properties changed hands in Palmerston, which puts it as the 24th most active market in ACT when comparing the number of sales per suburb.
With the median price for a house in Palmerston being $381750 and the advertised rent reaching $380 the gross rental yield for property investors calculates out to be 5.18%