Johnston, NORTHERN-TERRITORY Real Estate & Suburb Profile

About Johnston Real Estate

Johnston is a suburb of Palmerston, Northern Territory, Australia. It was named in commemoration of Commodore Eric Eugene Johnston (1933 to 1997), Northern Territory Administrator from 1981 to 1989. The suburb was registered on 3 April 2007. It is on the traditional Country and waterways of the Larrakia people.
The suburb of Johnston is one of Palmerston's newest suburbs located 3km from the CBD. Rapidly growing, Johnston has a number of low rise apartment buildings under construction as well as numerous new homes, restaurants and stores.
With house prices averaging over $650,000 and apartments averaging over $560,000, Johnston's residences are priced well above average in the area.
The suburb is divided by Farrar Boulevard with the two estates named Johnston The Parks on the west side and Johnston Ridge on the north side.

Property Investment Potential

When analyzing the local real estate landscape, Johnston presents a dynamic opportunity. With median property prices sitting around $1,193,000 and delivering an average rental yield of 5%, the area caters nicely to both owner-occupiers and savvy investors. Properties typically spend an average of 30 days on the market, underscoring the consistent demand in this part of Northern Territory. For accurate financial planning, check out our investment calculators to estimate your potential returns.