5 Lofty Close

Palmerston ACT 2913

The size of Palmerston is approximately 1.9 square kilometres. It has 8 parks covering nearly 9% of total area. The population of Palmerston in 2011 was 5,681 people. By 2016 the population was 5,526 showing a population decline of 2.7% in the area during that time. The predominant age group in Palmerston is 30-39 years. Households in Palmerston are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Palmerston work in a professional occupation. In 2011, 66.6% of the homes in Palmerston were owner-occupied compared with 66.9% in 2016.

Palmerston has 2,243 properties. Over the last 5 years, Houses in Palmerston have seen a 52.82% increase in median value, while Units have seen a 57.29% increase. As at 31 August 2024:

• The median value for Houses in Palmerston is $1,058,244 while the median value for Units is $693,974.
• Houses have a median rent of $650 while Units have a median rent of $550.