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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 80 investment properties found in Palmyra on realestateinvestar.com.au

1/2 MCKIMMIE Rd, Palmyra

$989,000

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RENOVATED TONWHOUSE - EASY LOCK & LEAVE

Modern townhouse living with nothing left to do - a must see to be truly appreciated! Renovated, low-maintenance and ready to go - this is the kind of home that just makes sense. Whether you're stepping into the Palmyra market, chasing an easy lock-and-leave, or adding a solid investment, ...

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Townhouse

WA 6157


19/18 SOLOMON St, Palmyra

$599,000

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EASY LOCK AND LEAVE GREAT LOCATION!

RENOVATED, ELEVATED PALMYRA PAD Positioned on the East Fremantle border, this elevated first-floor apartment delivers the lifestyle perks without the premium. Set back with a leafy, north-facing outlook over Solomon Street, it's light, bright and easy to live in - the kind of property that just ...

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Unit

WA 6157


6/94 Hammad St, Palmyra

$775,000

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Your Entry Point to Pally!

Once inside this light and bright 2 bedroom villa you will find an understated sense of space. With plenty of room to move and grow, this property offers all the benefits of a small house, with a generous main living area and a well laid out renovated kitchen. In lifestyle terms, you simply could ...

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Townhouse

WA 6157


51 Cleopatra St, Palmyra

$0

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WHERE CHARACTER MEETS SOUL!

Tucked away in the heart of Palmyra, this completely reimagined character home is soulful, warm and unlike anything you've seen before. Renovated from head to toe with impeccable taste and moody modern finishes, every detail has been carefully curated to create a home that feels both cosy and ...

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House

WA 6157


4/4 McKimmie Rd, Palmyra

$0

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Tree Lined Outlook

Super cute and immaculately presented, this stylish 1 bedroom, 1 bathroom first floor apartment offers low maintenance living in the highly sought after suburb of Palmyra. Built in 2016 and boasting a generous 91sqm of total space, this street front residence enjoys a beautiful tree lined outlook ...

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Unit

WA 6157


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