Palmerston vs Crace
Palmerston (median $1,038,000) is roughly 4% cheaper to buy into than Crace ($1,080,000).
Buying in Palmerston or Crace?
Selling in Palmerston? The free selling guide
Palmerston and Crace side by side
| Measure | Palmerston | Crace |
|---|---|---|
| Price and market | ||
| Median house | $1,038,000 | $1,080,000 |
| Median unit | $637,750 | $410,000 |
| Renting | ||
| House rent | $460/wk | $460/wk |
| Unit rent | $450/wk | $460/wk |
| Owner occupied | 70.0% | 61.0% |
| Renter occupied | 28.0% | 34.0% |
| Schools | ||
| Schools nearby | 20 | 20 |
| Average ICSEA | 1079 | 1078 |
| Lifestyle and people | ||
| Walk score | 2 | 4 |
| Transit score | 100 | 40 |
| Bike score | 100 | 100 |
| Population | 5,579 | 4,800 |
| Median age | 36 | 34 |
| Climate | ||
| Annual rainfall | 646 mm | 646 mm |
| Mean max, January | 29.3°C | 29.3°C |
Green dot: better on that measure (lower price, higher growth, higher walkability, lower risk). Each suburb’s profile gives the source and period of its figures.
Which suits whom
Crace scores higher on walkability (2/100 vs 4/100 ), useful if you're optimising for a car-light household. On school quality, the average ICSEA across schools serving Palmerston (1079) sits above Crace (1078).
- For buyers
- Palmerston is the lower entry point at $1,038,000 median, 4% below the other suburb. For first home buyers, that translates to a smaller deposit and lower stamp duty bill.
- For investors
- Palmerston offers the higher gross rental yield (2.30% vs 2.21%), favouring cash-flow investors.
- For families
- Palmerston edges out on average school ICSEA (1079 vs 1078).
Palmerston vs Crace: common questions
Is Palmerston or Crace cheaper to buy in?
Palmerston has the lower median house price at $1,038,000, roughly 4% below Crace ($1,080,000). The gap on units is usually similar but worth checking on the full suburb profiles.
Does Palmerston or Crace have better schools?
On average school ICSEA (the ACARA index that benchmarks educational advantage), Palmerston scores 1079 vs 1078 in Crace. ICSEA is a school-community indicator, not a quality rating, so always check NAPLAN results and catchment boundaries for the specific address you're considering.
Which is more walkable, Palmerston or Crace?
Crace scores 4/100 on walkability vs 2/100. Above 70 is considered very walkable (most errands on foot), 50-69 is walkable for some errands, below 50 typically requires a car for daily life.
Which suburb has higher rental yield, Palmerston or Crace?
Gross rental yield on houses is 2.30% in Palmerston vs 2.21% in Crace. Gross yield equals annual rent divided by purchase price. Net yield (after strata, rates, insurance, agent fees and maintenance) typically runs 1.5-2 percentage points lower.
Keep comparing
The two suburbs
Compare Palmerston with
Choosing between Palmerston and Crace?
The free buying guide: budget, schemes, inspections and how not to overpay.