Palmerston
Suburb profile, market snapshot and recent listings for Palmerston, ACT 2913.
About Palmerston
Welcome to Palmerston
Palmerston sits in Canberra's north, part of the Gungahlin district roughly 15 kilometres from the city centre, and shares borders with Crace, Nicholls, Ngunnawal, Giralang and the Gungahlin town centre itself. It's one of the more established pockets of Gungahlin, laid out with the curving streets, generous open spaces and cul-de-sacs typical of Canberra's planned suburbs from the 1990s.
With a population of 5,579 and a median age of 36, Palmerston attracts a steady mix of young families and professionals drawn to its practical layout, proximity to Gungahlin's amenities and relatively easy access to the wider Canberra road network. It suits buyers who want established gardens and settled streetscapes without straying far from newer conveniences next door.
Housing & architecture
Palmerston's housing stock reflects its 1990s origins, with brick veneer and rendered single and double-storey homes on well-proportioned blocks making up the bulk of the suburb. Current listings show houses dominate at 69 percent, with townhouses accounting for the remaining 31 percent, giving buyers a reasonable spread of options from family-sized homes with backyards to lower-maintenance attached dwellings.
Streets are generally quiet and leafy, having had two to three decades to mature, which gives Palmerston a settled feel compared with some of the newer, still-developing pockets further north in Gungahlin.
The property market
The median house price in Palmerston currently sits at $810,000, following recent growth of 8.7 percent, a solid result that reflects continued demand for established Gungahlin-area homes. Median rent is $640 a week, putting the suburb within reach of both owner-occupiers and investors looking at the broader Gungahlin rental market.
Compared with newer release suburbs nearby, Palmerston's appeal lies in its combination of established infrastructure and land size, which tends to hold its value well even as fresh stock continues to come online in neighbouring areas like Nicholls and Crace.
Schools & families
Palmerston District Primary School serves the suburb directly, making it a practical choice for families with younger children who want a short trip to school. Being part of the Gungahlin network, families also have easy access to the broader range of primary, high school and college options that have grown up around the town centre as the district has expanded.
The suburb's median age of 36 points to a strong contingent of young and established families, and the local parks and playing fields are geared toward that demographic, with space for weekend sport and casual after-school play.
Shopping
Gungahlin Town Centre, just a short drive or ride from Palmerston, is the main shopping and services hub, with a full-line supermarket, specialty retailers, cafes and the Gungahlin Library all within easy reach. For day-to-day errands, residents also have local shops scattered through neighbouring suburbs like Nicholls and Crace, keeping most essentials close at hand without a trip into central Canberra.
Getting around
Palmerston benefits from Gungahlin's well-connected road network, with routes such as Gundaroo Drive and Gungahlin Drive providing efficient access into the city and across to the Barton Highway and beyond. Light rail from Gungahlin Town Centre offers a direct run down Northbourne Avenue into the city, giving residents a car-free option for the commute.
Local bus routes link Palmerston to Gungahlin's interchange and surrounding suburbs including Nicholls, Ngunnawal and Giralang, rounding out a suburb that, while residential in character, is rarely more than a few minutes from a main road or transport link.
Parks & recreation
Like much of Gungahlin, Palmerston was designed with generous green space in mind, and its network of local parks, walking paths and playgrounds gives residents plenty of room to unwind close to home. The suburb's open reserves connect through to walking and cycling routes shared with Crace and Nicholls, making it easy to stretch a short stroll into a longer loop through the surrounding district.
Market snapshot
Palmerston property market
Median sale price
$810k
House · 3 bed
Median rent
$640
per week
Gross rental yield
4.1%
annual rent ÷ sale price
Typical price range
Entry
$635k
Median
$810k
Premium
$933k
Days on market
29
Auction clearance
79%
Sold this year
60
Median sold price trend · House 3 bed
Compound growth +0.4% / yr over 4 yrs
Median price by bedrooms · House
Property types on market
Share of current listings in Palmerston by dwelling type.
Who lives here
Demographics
ABS Census 2021 figures for Palmerston, ACT 2913.
Population
5,579
residents (2021)
Median age
36
years
Household income
$2,316
median, per week
Median rent
$450
per week
Median mortgage
$1,940
per month
Mortgage / income
19%
comfortable
Source: Australian Bureau of Statistics, Census of Population and Housing 2021. Suburb-level (SAL) aggregates.
Education
Schools in Palmerston
Government school catchment
Recent results
Recently sold in Palmerston
$799k
16 Stromlo Crescent
Sold ~July 2026
$1.05m
16 Bollard Street
Sold ~July 2026
$1.22m
4 Dandenong Court
Sold ~July 2026
$693k
19/21 Namadgi Circuit
Sold ~July 2026
$620k
1/97 Namadgi Circuit
Sold ~July 2026
$830k
94 Mainwaring Rich Circuit
Sold ~June 2026
$1.15m
20 Gudgenby Close
Sold ~June 2026
$1.45m
1/2 Lorne Place
Sold ~June 2026
Sold prices as published on the original listing; some may reflect the last advertised price. Dates are approximate.
Explore the area
Properties & amenities in Palmerston
Compare the area
Price map around Palmerston
Every listing for sale near Palmerston, coloured by price — so you can see how it stacks up against the streets and suburbs next door.
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Nearby suburbs
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Common questions
Palmerston suburb FAQ
What is the median property price in Palmerston?
The median house price in Palmerston, ACT is $810k for a 3-bedroom home. Over the past year, median sold prices have risen about 8.7%.
How much is rent in Palmerston?
The median weekly rent in Palmerston is around $640 per week.
Is Palmerston a good place to live?
Palmerston is a suburb in the Canberra, Australia district of Gungahlin. Palmerston is an established residential suburb in ACT, with a population of around 5,579 and 1 school in the area.
What is the population of Palmerston?
Palmerston has a population of 5,579 (ABS 2021 Census), with a median age of 36.
What schools are in Palmerston?
There is 1 school in or near Palmerston, including Palmerston District Primary School.
How long do homes take to sell in Palmerston?
Properties in Palmerston take around 29 days to sell on average, with an auction clearance rate of about 79%.
How much do you need to buy in Palmerston?
Entry-level properties in Palmerston start around $635k, while premium homes reach $933k.
What suburbs are near Palmerston?
Suburbs near Palmerston include Crace, Nicholls, Ngunnawal, Giralang and Gungahlin.
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