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Investment Property Palmerston, NT

Region Snapshot

Palmerston is a region in Northern Territory, Australia. Palmerston has a population of 33,788 people and 40.81% of its occupants live in rental accommodation. The median listing price for houses is $580,000 and this has changed 6.42% over the past year and changed 9.43% over 2 years.

The median rent in for houses is $640 per week and the median rental yield is 5.73%. Stock on the market for houses/townhouses has changed -55.30% compared to last year and the average time to sell a house/townhouse is NA days.The median listing price for units is $329,000 and this has changed -0.31% over the past year. The average unit takes NA days to sell and the median rent for a unit in Palmerston is $470 per week, producing a rental yield of 7.42%.

Supply & Demand in Palmerston

1.23%

Current vacancy rate


193

Rental stock available


33,788

Population


40.81%

Rental population


0.59%

Current vacancy rate


610

Rental stock available


228,837

Population


38.00%

Rental population


This is information is brought to you by realestateinvestar.com.au - The online home for property investors

Statistical data for Palmerston

  House Townhouses Units
Median listing price $580,000 $390,000 $329,000
Median price change - last quarter 1.84% 0.00% 1.56%
Median price change - 1 year 6.42% 1.96% -0.31%
Median price change - 2 years 9.43% -2.50% 9.66%
  House Townhouses Units
Median weekly rent $640 $550 $470
Median yield % 5.73% 7.33% 7.42%
Median rent change - 1 year 4.91% 14.58% 2.17%
  House Units
Previous month sales 119 32
Stock on market previous month 135 44
Stock variance vs. last year -55.30% -55.10%
Average days on market NA NA

Palmerston investment property listings

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