Median price · 7 years
Rolling 12-month median, all dwellings
$555,000+22.3% past 12 months
2020202120222023202420252026
Palmerston
Strong outlook Growth score 78 Top 7% of sample
Risk score 33 Low · lower is better
Stability score 74 Consistent over 10 years
What drives the growth score
Nine metrics, each benchmarked against every suburb nationally. Weighted sum equals the score.
Sales momentum18% Strong · 91
Listing scarcity15% Strong · 79
Rental demand14% Strong · 80
Days on market12% Strong · 81
Infrastructure investment11% Strong · 77
Jobs access10% Moderate · 66
Population growth8% Strong · 88
Income growth7% Moderate · 69
New supply pressure5% · negative High · 62
Key metrics vs benchmarks
NT column is the sample-state average; national is the whole sample.
| Metric | Palmerston | NT | National |
|---|---|---|---|
| Median price | $555,000 | $500,833 | $734,203 |
| 12-month growth | +22.3% | +12.5% | +8.4% |
| Gross rental yield | 6.3% | 5.5% | 4.0% |
| Vacancy rate | 0.8% | 1.2% | 1.3% |
| Days on market | 15 | 23 | 31 |
| Auction clearance | N/A | — | 62% |
| New supply pipeline | High | Moderate | Moderate |
Risk score components
Lower is safer. Components are read independently; the score is their weighted blend.
33Low risk
New supply pipelineApproved dwellings vs existing stock High · 62
Employment concentrationShare of jobs in the top two industries Low · 17
Price volatility, 5 yearsLargest peak-to-trough drawdown Low · 16
Vacancy pressureCurrent vacancy vs 2% threshold Low · 14
Hazard exposureFlood, bushfire and storm surge overlays Low · 26
Who lives here
ABS Census, latest release, aggregated to suburb
40,000population 31median age 55%owner-occupied 45%renting
Owner-occupiedRenting
Palmerston is Darwin's largest satellite city, leading the NT with 22.3% annual growth. Interstate investor interest has surged 94% as buyers chase 6.3% yields and affordable entry points. Sales volumes nearly doubled year-on-year.
On the ground
Committed projects and catalysts feeding the infrastructure and jobs metrics
- Palmerston CBD expansion
- Charles Darwin University campus
- Palmerston Regional Hospital
- Interstate investor demand surge (+94%)
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