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Palmyra
AREA REPORTS

Palmyra

Palmyra - SUBURB PROFILE REPORT
POSTAL CODE: WA, 6157

house
unit

Property investors in PALMYRA enjoyed capital gains of 9.6% over the last 12 months translating to lower returns compared with its peers in the territory.

The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $685,000.

Profits due to an upward trend in home prices there averaged 4.72% per annum over a 3-year period.

Home owners selling their properties and realtors in PALMYRA usually have to wait an average of 49.2 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $497.5 mark, reflecting a 3.78% increase in returns based on the current median price in PALMYRA.

PALMYRA, 6157 places 36th in Australia based on median property value growth during the quarter.

Data report can be found below

Palmyra
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $685,000 $400,500
GROWTH REPORT
Median Quarterly 9.69% 0.38%
Median 12 month 9.6% -6.43%
Median 3 years 14.17% -1.32%
Median 5 years -5.39% -7.93%
10 years average annual 0.82% -0.35%
Weekly media advert. rent $497.5 $352.5
Time on Market 49.2 days 54.3 days
Gross Rental Yield Percent 3.78% 4.58%
demographics (median values)*
Total Population
13525
Weekly Household Income
1635
Household Size
2.30
Age
41
Monthly Loan Repayment
2167
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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