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Investment Property Palmerston North, Manawatu-Wanganui

Suburb Snapshot

Palmerston North is a suburb in the Palmerston North Region of Manawatu-Wanganui. Palmerston North has a population of 7,859 people and 52.30% of its occupants live in rental accommodation. The median listing price for houses is $709,000 and this has changed 10.95% over the past year and changed -4.48% over 2 years.

The median rent in Palmerston North for houses is $600 per week and the median rental yield is 4.40%. Stock on the market for houses/townhouses has changed NA compared to last year and the average time to sell a house/townhouse is 86 days.The median listing price for units is $392,000 and this has changed -10.81% over the past year. The average unit takes 142 days to sell and the median rent for a unit in Palmerston North is $420 per week, producing a rental yield of 5.57%.

Supply & Demand in Palmerston North, Palmerston North

74,813

Population


35.84%

Rental population


221,649

Population


31.65%

Rental population


This is information is brought to you by realestateinvestar.co.nz - The online home for property investors

Statistical data for Palmerston North, Palmerston North

  House Townhouses Units
Median listing price $709,000 NA $392,000
Median price change - last quarter 4.71% NA 0.00%
Median price change - 1 year 10.95% -10.81% -10.81%
Median price change - 2 years -4.48% NA -8.44%
  House Townhouses Units
Median weekly rent $600 $545 $420
Median yield % 4.40% NA 5.57%
Median rent change - 1 year 3.45% -0.91% 6.33%
  House Units
Average days on market 86 142

Palmerston North investment property listings

Showing 5 of 35 investment properties found in Palmerston North on realestateinvestar.co.nz

215 Grey St, Palmerston North

$610,000

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Brick, Tile - Smile, you're in Town!

A brick and tile low maintenance townhouse in tip-top condition, inside and out. This exquisite property offers a perfect blend of comfort, convenience, and style in a sought-after location. Step inside to discover a well-maintained interior featuring 3 extra spacious bedrooms, each with ample ...

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Townhouse

Manawatu-Wanganui 4414


20 Alfred St, Palmerston North

$819,000

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Character charm with modern comforts

You will fall in love with this 179m2 (more or less), central character home, featuring gorgeous qualities of the era, whilst having been meticulously renovated to enjoy the comforts of today. This home boasts four bedrooms, the master with its own stunning tiled ensuite and extra space for your ...

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House

Manawatu-Wanganui 4414


1/364 Featherston St, Palmerston North

$399,000

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Tidy two-bedroom unit in central location

Are you looking for a tidy two-bedroom, one bathroom unit to call home? Or are you celebrating the change in interest deductibility and want an investment opportunity to start or add to your portfolio? Then come and look at this property at this fantastic central location. This 70m2 (more or less) ...

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Unit

Manawatu-Wanganui 4414


3 Florence Ave, Palmerston North

$695,000

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Modernised character in great location

Nestled in the heart of a sought-after area in Palmerston North, zoned for PNBHS and close to the hospital is this appealing character home. Perfect for a couple or for a family, this 109m2 (approx), three-bedroom, one-bathroom home with a separate modern double garage and an extra toilet has all ...

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House

Manawatu-Wanganui 4414


31 Lombard St, Palmerston North

$499,000

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Central City Character

Welcome to the inner city, easy life. Whether you enjoy a morning stroll through the square or a walk to your favourite shops and restaurants 31 Lombard Street will have all your conveniences at your fingertips. The 515m2 low-maintenance and manageable section complements this well-portioned home ...

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House

Manawatu-Wanganui 4410


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