Question 1

Is Palmerston a nice place to live?

Accepted Answer

Palmerston is a compact, predominantly residential suburb in Gungahlin, made up mainly of modern detached homes and pockets of townhouses along quiet, tree-lined streets. It appeals to young families and professionals who want a suburban atmosphere with easy access to the shops, cafes and services of the nearby Gungahlin Town Centre. Local parks, playgrounds and walking paths provide everyday outdoor options, and public transport connections, including the Gungahlin light rail at the town centre, make commuting into the city straightforward. The suburb feels settled and neighbourly, with housing that reflects contemporary suburban living.

About 5,579 people live in Palmerston, with a median age of 36 and a median household income of $2,316 a week (roughly $120,400 a year). Couple families dominate the community, with 46.2% of families having children and a further 35.0% being couples without children; just over seven in ten homes are owner-occupied and around 28.7% are rented. Recent local investment includes targeted improvements at the Palmerston local shops to enhance accessibility and community use, and disability access upgrades at Palmerston Primary School. Whether that mix suits you depends on what you want from a suburb.

Question 2

Is it expensive to live in Palmerston?

Accepted Answer

Buying in Palmerston 2913 sits well above local incomes. The median house price is $829,000, about 6.9 times a typical local household's annual income at the last Census. Renting a house at $640 a week would take roughly 27.6% of a typical local household's weekly income at the last Census, which is a moderate share. On these figures, buying appears more stretched against what local households earned at the last Census than renting does.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Palmerston a good place to invest?

Accepted Answer

House rents in Palmerston rose 6.7% over the past 12 months, a solid increase, while median house values rose 1.9% over the same period, a slight rise. That means rental income has been the stronger performer for houses this year; which matters more depends on whether you are prioritising income or capital growth. Whether that balance suits your goals and circumstances is for you to decide.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	$829K	N/A
Change in value Past 12 months	1.9%	N/A
Sold Past 3 months	19	2
Median days on market Past 12 months	35	N/A
Average rent Past 12 months	$640	N/A
Change in rent Past 12 months	6.7%	N/A

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