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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 8.57% 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 64.29% compared to last year and the average time to sell a house/townhouse is 49 days.The median listing price for units is $550,000 and this has changed 22.22% over the past year. The average unit takes 44 days to sell and the median rent for a unit in Palmyra is $620 per week, producing a rental yield of 5.86%.

Supply & Demand in Palmyra, Melville

0.31%

Current vacancy rate


12

Rental stock available


6,954

Population


25.13%

Rental population


0.52%

Current vacancy rate


245

Rental stock available


98,078

Population


20.56%

Rental population


0.61%

Current vacancy rate


7,509

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 $585,000 $550,000
Median price change - last quarter -2.17% 0.00% 11.11%
Median price change - 1 year 8.57% 11.42% 22.22%
Median price change - 2 years 26.66% 33.25% 31.73%
  House Townhouses Units
Median weekly rent $750 $650 $620
Median yield % 4.10% 5.77% 5.86%
Median rent change - 1 year 15.38% 18.18% 24.00%
  House Units
Previous month sales 16 5
Stock on market previous month 46 7
Stock variance vs. last year 64.29% 40.00%
Average days on market 49 44

Palmyra investment property listings

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