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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 $649,000 and this has changed -7.15% over the past year and changed 9.39% over 2 years.

The median rent in Palmerston North for houses is $600 per week and the median rental yield is 4.81%. Stock on the market for houses/townhouses has changed NA compared to last year and the average time to sell a house/townhouse is 91 days.The median listing price for units is $445,000 and this has changed 12.66% over the past year. The average unit takes NA days to sell and the median rent for a unit in Palmerston North is $430 per week, producing a rental yield of 5.02%.

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 $649,000 $610,000 $445,000
Median price change - last quarter -1.59% NA 8.54%
Median price change - 1 year -7.15% 12.66% 12.66%
Median price change - 2 years 9.39% NA -10.13%
  House Townhouses Units
Median weekly rent $600 $580 $430
Median yield % 4.81% 4.94% 5.02%
Median rent change - 1 year 0.00% 7.41% 2.38%
  House Units
Average days on market 91 NA

Palmerston North investment property listings

Showing 5 of 21 investment properties found in Palmerston North on realestateinvestar.co.nz

136 Featherston St, Palmerston North

$535,000

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See it to believe it! Vendor buying elsewhere!

This beauty offers more than you expect & is full of pleasant surprises. This wonderfully presented character home has stood the test of time & it awaits your imagination - secure your own corner of the world! Tastefully renovated kitchen & added benefit of an ensuite bathroom off the ...

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Manawatu-Wanganui 4414


19 Dahlia St, Palmerston North

$720,000

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Who needs a car?Close to CBD

Beautifully refreshed and perfectly presented, this sophisticated two-storey brick home is an exceptional find in Palmerston North Central. Designed for modern family living with elegant finishes throughout, it offers a seamless blend of comfort, style, and security. Set behind high-quality ...

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Manawatu-Wanganui 4410


65B Albert St, Palmerston North

$695,000

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Prime Central Location - Modern Townhouse!

A rare opportunity in prime central location! Tucked back from the road, this modern, double glazed townhouse offers exceptional convenience in a sought after central city location. Just a short walk to New World, Woolworths, Terrace End shopping centre, and central city, you can leave the car at ...

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Manawatu-Wanganui 4410


146 Featherston St, Palmerston North

$449,000

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One + One = Return!

Discover the potential of 146 Featherston Street, a versatile property located in the heart of Palmerston North. Perfectly positioned within a thriving community, this unique offering comprises two fully self-contained flats, making it an ideal investment opportunity or multi-family living ...

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House

Manawatu-Wanganui 4414


122D Heretaunga St, Palmerston North

$445,000

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A must-see investment opportunity

Centrally located, this fully renovated two-bedroom unit is a fantastic investment or first home opportunity! Featuring a modern open-plan kitchen and living area, the home boasts a gorgeous interior with stylish finishes, including a cosy heat pump for year-round comfort. The well-appointed ...

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Manawatu-Wanganui 4414


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