Palmerston City, located in the Northern Territory of Australia, offers a dynamic and evolving housing market that is characterized by a mix of affordability and convenience. Over recent years, the market has seen consistent growth, driven by the area's developing infrastructure and proximity to Darwin. Potential homeowners and investors are attracted to Palmerston's diverse housing options, from modern suburban homes to more compact townhouse units, each offering unique advantages for different lifestyles and budgets. The government's commitment to enhancing local amenities and transport links further contributes to the city's appeal, making it an attractive choice for families, professionals, and retirees alike.
Living in Palmerston City provides residents with a blend of suburban comfort and access to outdoor activities typical of the Northern Territory's landscape. The city is known for its community-friendly atmosphere, encouraging family-oriented living with its abundance of parks, schools, and recreational facilities. The climate is tropical, delivering warm weather year-round, which contributes to an active outdoor lifestyle, with many enjoying weekends filled with barbecues, fishing trips, and exploring nearby natural attractions like the Charles Darwin National Park. The city's diverse cultural scene, combining both local Indigenous heritage and multicultural influences, offers a rich tapestry of traditions, events, and culinary experiences. Overall, Palmerston City presents an enticing combination of modern living with the vibrant spirit of Northern Australia.
Median Weekly Rent | $350.00 |
Median Monthly Mortgage | $1943.00 |
Median Persons Per bed houseroom | 0.90 |
Average Household Size | 3.00 |
Average Age | 32.00 |
Average Income | $972.00 |
Average Cars Per Dwelling | 1.55 |
Average Properties Within 50M | 45 |
Housing Stock
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Thinking about buying in Palmerston City? Now could not be a better time, with just 339 residential dwellings it's a highly sought after location. Palmerston City is located fairly close to the coast at just 4Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.
Consistent high demand relative to supply is a key feature in Palmerston City driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Palmerston City 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 City provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. High density population in Palmerston City requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. 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.
Instant Property ValuationDurack Primary School
Gray Primary School
Driver Primary School
Bakewell Primary School
Sacred Heart Catholic Primary School
Palmerston College
(While the above schools are located with the suburb of Palmerston City 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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