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AREA REPORTS

Palmyra

Suburb Profile

Palmyra - FREE SUBURB PROFILE REPORT
POSTAL CODE: WA,6157

house
unit

Property investors in PALMYRA enjoyed capital gains of 4.15% 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 $640,500.

Profits due to an downward trend in home prices there averaged -0.49% per annum over a 3-year period.

Home owners selling their properties and realtors in PALMYRA usually have to wait an average of 53.2 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $420 mark, reflecting a 3.41% increase in returns based on the current median price in PALMYRA.

PALMYRA, 6157 places 115th in Australia based on median property value growth during the quarter.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $640,500 $412,500
GROWTH REPORT
Median Quarterly 1.67% 5.91%
Median 12 month 4.15% 0.86%
Median 3 years -1.46% -2.6%
Median 5 years -7.51% -13.16%
10 years average annual 1.99% 1%
Weekly media advert. rent $420 $350
Time on Market 53.2 days 72.2 days
Gross Rental Yield Percent 3.41% 4.41%
demographics (median values)
Total Population
6249
Weekly Household Income
914.6
Household Size
2.00
demographics
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