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Investment Property Palmyra, WA, 6157

Suburb Snapshot

Palmyra is a suburb in the Melville Region of Western Australia. Palmyra has a population of 6,954 people and 25.13% of its occupants live in rental accommodation. The median listing price for houses is $950,000 and this has changed 5.55% over the past year and changed 26.66% over 2 years.

The median rent in Palmyra for houses is $750 per week and the median rental yield is 4.10%. Stock on the market for houses/townhouses has changed 41.94% compared to last year and the average time to sell a house/townhouse is 52 days.The median listing price for units is $579,000 and this has changed 25.86% over the past year. The average unit takes 46 days to sell and the median rent for a unit in Palmyra is $620 per week, producing a rental yield of 5.56%.

Supply & Demand in Palmyra, Melville

0.36%

Current vacancy rate


14

Rental stock available


6,954

Population


25.13%

Rental population


0.57%

Current vacancy rate


269

Rental stock available


98,078

Population


20.56%

Rental population


0.63%

Current vacancy rate


7,731

Rental stock available


2,474,414

Population


23.98%

Rental population


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

Statistical data for Palmyra, Melville

  House Townhouses Units
Median listing price $950,000 $589,000 $579,000
Median price change - last quarter -2.17% 0.00% 11.11%
Median price change - 1 year 5.55% 12.19% 25.86%
Median price change - 2 years 26.66% 32.65% 44.75%
  House Townhouses Units
Median weekly rent $750 $650 $620
Median yield % 4.10% 5.73% 5.56%
Median rent change - 1 year 15.38% 18.18% 24.00%
  House Units
Previous month sales 14 1
Stock on market previous month 44 4
Stock variance vs. last year 41.94% -33.33%
Average days on market 52 46

Palmyra investment property listings

Showing 2 of 2 investment properties found in Palmyra on realestateinvestar.com.au

8/60 Cleopatra St, Palmyra

$775,000

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Lovely Villa located in the heart of Palmyra

This beautifully presented two bedroom one bathroom villa offers comfort, style and low maintenance living in a prime Palmyra location. Bathed in natural light and finished with quality touches throughout, this home is perfect for first home buyers, savvy investors, or those looking to downsize. ...

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Unit

WA 6157


6/2 Adrian St, Palmyra

$0

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Comfort & Convenience in Vibrant Palmyra

Perfectly positioned in a convenient pocket of Perth's vibrant south, this beautifully presented home offers a lifestyle of comfort, convenience, and effortless living. Whether you're a first home buyer, downsizer, or investor, this is a fantastic opportunity to secure a low-maintenance "lock and ...

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Townhouse

WA 6157


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