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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 5 of 59 investment properties found in Palmyra on realestateinvestar.com.au

3/6 McKimmie Rd, PALMYRA

$575,000

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Townhouse

WA 6157


16 Hird Pl, Palmyra

$1,095,000

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The Palmyra Multi-Generational Entertainer!

This stunning 3 bedroom 2 bathroom residence offers multiple living zones both spacious rear yard and side yards, backing onto local a parkland. Perfectly positioned just 200m from three parklands and only moments from local shopping, quality schools and essential amenities, this home offers ...

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House

WA 6157


62B Elvira St, Palmyra

$1,200,000

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Private & Spacious 4-Bedroom Rear Home in Sought-After Palmyra

Tucked away at the rear for added privacy, behind a remote controlled gate, this beautifully presented four-bedroom home offers generous living spaces and is feature packed. Situated across from one of the area's many leafy parks, you'll love the peaceful surroundings and the prime location in the ...

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House

WA 6157


3/171 Stock Rd, Palmyra

$699,000

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Just What You Have Been Waiting For

Fresh, convenient, light and spacious are words that come to mind for this home, with the work done you can move in and reap the rewards of someone else's work. New flooring to the main living area and plush carpets to the bedrooms, a new kitchen with an induction hotplate and dishwasher, painted ...

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WA 6157


3/2A Antony St, Palmyra

$699,000

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STYLISH AND LOW-MAINTANENCE VILLA

Nestled in a quiet and well-maintained complex, this beautifully presented 3-bedroom, 1-bathroom villa delivers a comfortable and low-maintenance lifestyle in the sought-after suburb of Palmyra. Step inside to a spacious lounge area bathed in natural light, complemented by neutral tones and modern ...

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WA 6157


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