Thinking about buying in Palmerston? Now could not be a better time, with just 270 residential dwellings it's a highly sought after location. Palmerston is located very near to the coast so expect stunning views of the ocean and access to beaches. Demand is likely to be very strong in this location which will support higher prices
Median Weekly Rent | $484.60 |
Median Monthly Mortgage | $2122.00 |
Median Persons Per Bedroom | 0.90 |
Average Household Size | 3.00 |
Average Age | 33.00 |
Average Income | $1226.00 |
Average Cars Per Dwelling | 2.26 |
Average Properties Within 50M | 1 |
Consistent high demand relative to supply is a key feature in Palmerston driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Palmerston ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. A mix of professions and above average income earners in Palmerston provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Medium density in Palmerston necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.
3 HORSESHOE CT, MARLOW LAGOON, NT, 0830 | 6 | 4 | 10 | PRICE GUIDE $1,550,000 | |
10 GREENHIDE RD, MARLOW LAGOON, NT, 0830 | 3 | 1 | 2 | Under Contract |
Palmerston Christian School
Palmerston College
Moulden Primary School
Driver Primary School
Durack Primary School
Gray Primary School
Sacred Heart Catholic Primary School
Woodroffe Primary School
Forrest Parade School
(While the above schools are located with the suburb of Palmerston there may also be nearby schools whose catchments cover this suburb)Incidents Trend State Average
(mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
---|---|---|---|---|---|---|---|
Jan | 15.8 | 25.1 | 32.0 | 63.1 | 94.1 | 4.7 | 18.8 |
Feb | 13.8 | 25.3 | 32.2 | 62.4 | 93.8 | 4.4 | 21.0 |
Mar | 8.2 | 25.2 | 32.7 | 58.5 | 94.6 | 3.7 | 21.2 |
Apr | 3.7 | 24.3 | 33.1 | 46.7 | 92.5 | 3.5 | 21.8 |
May | 0.7 | 22.5 | 32.4 | 37.4 | 86.1 | 3.9 | 20.8 |
Jun | 0.0 | 20.0 | 31.3 | 31.6 | 85.9 | 3.9 | 20.2 |
Jul | 0 | 19.5 | 31.6 | 29.2 | 87.6 | 3.7 | 20.8 |
Aug | 0.1 | 19.6 | 32.2 | 27.1 | 89.2 | 3.6 | 22.6 |
Sept | 0.8 | 22.8 | 33.5 | 35.6 | 89.8 | 3.7 | 24.7 |
Oct | 2.4 | 24.5 | 34.0 | 41.0 | 89.9 | 4.0 | 25.4 |
Nov | 5.4 | 25.3 | 34.0 | 48.7 | 90.7 | 3.7 | 24.6 |
Dec | 7.5 | 25.7 | 33.5 | 55.2 | 92.2 | 3.7 | 22.6 |
source: Australian Government Bureau of Meteorology
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