24 Haystack Cres, Palmerston ACT 2913
24 Haystack Cres, Palmerston ACT 2913
Separate title, no body corporate | North-facing two-storey townhouse | 3 bed, 2 bath, double garage | Freshly updated, low-maintenance block | Built 2000, EER 5.0
This townhouse holds a rare combination in Palmerston’s family market: a genuinely separate title with no body corporate, giving you the feel of a house without shared walls or fees. The north-facing orientation draws light through both living levels, and the fresh paint and new carpet lift it well beyond typical 2000-built stock. At 284 sqm, the block is compact but practical—lawn, garden beds, a shed, and rear access—so it suits owner-occupiers wanting a lock-and-leave lifestyle, or investors chasing solid rental demand. The 3/2/2 layout is the suburb’s most sought-after format, and proximity to Palmerston shops, primary school, and Gungahlin’s centre strengthens its everyday appeal. It serves families and downsizers best, offering house-like space with far less upkeep.
The main value consideration is the land size—at 284 sqm, it’s on the smaller end for the area, which may cap upside compared to larger detached blocks. The two-storey configuration might not suit those seeking single-level living, and the timber upper-floor construction, while standard for its era, may need attention over time. The bushfire overlay noted in the broader area could affect insurance or future extensions, so it’s worth checking. Rental demand looks strong, given the updated interior and separate title, but the compact outdoor space and townhouse form may limit buyer pool slightly. Weigh these factors against the convenience and low maintenance when forming a view.
Detailed Independent Property Report prepared by PropCred Analyst team for 24 Haystack Cres, Palmerston ACT 2913
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
Income Risk
2
Execution Risk
2
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Market Insight
Palmerston, a mature Gungahlin suburb, is seeing steady demand from higher-income professionals aged 30-39, drawn to four-bedroom houses that sell in a median nine days. House prices sit near $921,000 to $982,000, though annual growth has slipped 3.0%, while units average $641,000 and gross yields run 3.4%. Sales are thin at roughly 75-85 a year, with just 14 listings and five rentals last month, reflecting tight supply. Future upside hinges on road links to Gungahlin Drive and ACT-wide price momentum, but the soft price trajectory, weak population growth of under 1%, and rate sensitivity among leveraged buyers cap near-term gains.
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PropCred Estimated Value
Comparable Sales: 26 Haystack Cres—similar 3/2/2 townhouse, $828K; 11 Haystack Cres—3/2/2, 303 sqm | Property Price Band: $800K–$900K | Value Drivers: Fresh condition, north-facing layout, separate title with no body corporate
Bedrooms
3
Bathroom
2
Parking
2
Land
284m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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