Palmyra

POSTAL CODE: WA, 6157
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A steady increase in median property prices over a five-year period in the suburb translates to a 41.94% capital gain.

Property investors in PALMYRA enjoyed capital gains of 10% over the last 12 months translating to lower returns compared with its peers in the territory.

The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $1,100,000.

Profits due to an upward trend in home prices there averaged 13.98% per annum over a 3-year period.

Home owners selling their properties and realtors in PALMYRA usually have to wait an average of 13.1 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $780 mark, reflecting a 3.69% increase in returns based on the current median price in PALMYRA.

PALMYRA, 6157 places 112th in Australia based on median property value growth during the quarter.

Surburb overview

Palmyra is approximately 14 kilometres south-west of Perth’s central business district, within the City of Melville.

The suburb encompasses an area of around 3.1 square kilometres and is bordered by Canning Highway, Stock Road, and Marmion Street.

As of the 2016 Census, Palmyra had a population of 6,950, with a median age of 38. The demographic profile indicates a predominance of residents aged between 30 and 39, and households primarily comprise couples with children.

Several Transperth bus routes facilitate public transportation in Palmyra, including the 111, 910, and 659. These routes connect East Perth, Perth Busport, and Perth Stadium Bus Station.

The nearest bus stops are along Canning Highway, with services operating at regular intervals. Train services are accessible via the Fremantle Line, with the closest station being Fremantle Station.

Educational facilities in the suburb include Palmyra Primary School and Our Lady of Fatima School, a Catholic primary institution.

The area falls within the catchment zone for Melville Senior High School.

Childcare services are available, with centres such as Palmyra OSHClub and One Tree C-Verse Palmyra offering after-school care. 

Essential amenities are conveniently located, with supermarkets on three of the suburb's four corners. Melville Plaza and Stammers Marketplace provide additional shopping options in the vicinity. Healthcare services are accessible in nearby suburbs, including Fremantle and Melville.

Palmyra offers a variety of recreational spaces, with 18 parks covering nearly 3.5% of the suburb’s area. Notable parks include Geo Thompson Park, John O'Sullivan Park, and King Victor's Green, which houses the Miller Bakehouse Museum.

The suburb's proximity to the Swan River and Fremantle provides residents with additional leisure opportunities.

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