Fraud Blocker

Palmerston, ACT 2913

Home » ACT Suburbs » Palmerston, ACT 2913

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Palmerston, ACT 2913 located in Canberra to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

Upgrade to Professional Plan to see the score

Capital Growth RCS™

Upgrade to Professional Plan to see the score

Cashflow RCS™

Upgrade to Professional Plan to see the score

FREE Investment Property Checklist

Secure your golden ticket to property investment success! Get our meticulously crafted Property Investment Checklist upon subscribing to our newsletter. It’s jam-packed with valuable insights from prime locations to specific building nuances.

Essentials
No Price Data
Loading…

Upgrade to Personal Plan to see forecasts on the graph above.

No Rent Data
Loading…

Upgrade to Personal Plan to see forecasts on the graph above.

Upgrade to Personal Plan to see Yield data.
Yield chart
Upgrade to Professional Plan to see Growth Rate Cycle data.
GRC chart
Fundamentals
Upgrade to Personal Plan to see IRSAD data.
IRSAD chart
Upgrade to Personal Plan to see U|H and R|O data.
Renters to owners pie chart
Upgrade to Personal Plan to see U|H and R|O data.
unit to houses pie charts
Upgrade to Personal Plan to see Demand Profile data.
Demand chart
Upgrade to Professional Plan to see Affordability Index data.
Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

Upgrade to Professional Plan to see Stock On Market trend.
SOM chart
Upgrade to Professional Plan to see Inventory trend.
Inventory chart
Upgrade to Professional Plan to see Building Approvals trend.
Inventory chart
Upgrade to Professional Plan to see Hold Period trend.
Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

Upgrade to Professional Plan to see Days On Market trend.
DOM chart
Upgrade to Professional Plan to see Vacancy Rate trend.
Inventory chart
Upgrade to Professional Plan to see Search Index trend.
Index chart
Upgrade to Professional Plan to see Clearance Rate trend.
Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

Have a question? You can either leave a comment below or post it on our forum.

0 thoughts on “Palmerston, ACT 2913”

  1. The total adult population (15 years or older) of Palmerston 2913 ACT is 4,447, with a median age of 36. Of those, 49.09% are married, 11.29% are divorced or separated, 35.82% are single and 3.85% are widowed.

    The average household size is 2.6 people per dwelling, and the median household monthly income is estimated to be $10,744. The median monthly mortgage repayment for households in this suburb is $1,940 which is 18.06% of their earnings.

    Source: ABS Census Data (2021)

  2. Situated in the Australian Capital Territory, the suburb of Palmerston (postcode 2913) is home to an estimated 2,204 households. As of the third quarter in 2023, the typical price for houses in Palmerston is AUD $975,231. The median weekly rent is pegged at $688, equating to an indicative yield of approximately 3.67%, enhancing the attractiveness of the suburb for property investors.

    Palmerston scores an impressive IRSAD score of 1063 out of 1217, indicating a robust socio-economic status, with high income levels, access to economic resources, and the prevalence of skilled professions within the community. The renter to owner Ratio is at an investment-friendly 28%, below the threshold of the 30% cautionary point, suggesting a balance between renters and homeowners.

    The units to houses ratio is at a low 2%, indicating a landscape that is predominantly populated with houses rather than units. This decreases competition among landlords for tenants which in turn helps maintain higher rental yields. In addition, suburbs with more houses than units tend to attract families who are likely to have longer tenancy periods.

    However, investors should take note of the high Affordability Index which stands at 36 years. This value exceeds the standard 30-year mortgage assumption, indicating decreased affordability within the area. The stock on market Percentage for houses is at a favourable low with 0.23%, indicating decreased supply, and the inventory level is similarly low at 0.69 months.

    Additionally, the suburb has a building approvals Ratio of 0.0% for houses, indicating no new supply of houses, which in turn could increase competition and potentially drive up property prices. Houses in this suburb are considerably attractive to buyers as evidenced by the low days on market of 15. The vacancy rate for the combined houses and units is at 3.21%, indicating neutral demand.

    The buy search index for houses in Palmerston is neutral, at a level of 3, and it’s key to keep in mind that property market dynamics are subject to change, and future trends may alter the current statistical portrayals of Palmerston’s property market. Overall, Palmerston offers a favourable property investment landscape on many fronts, but the high Affordability Index should be considered in the decision-making process.

    And remember, RCS (Relative Composite Score) metric developed by HtAG Analytics simplifies the research process, incorporating over 80 metrics and it’s important to not solely rely on individual metric values but to consider their overall trend.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

Leave a comment