Property value increases in Palmyra have tracked lower than the WA average of -4.17% over the last 12 months.
Palmyra,6157 was ranked 3480 in Australia by increase in median property value over the quarter.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Palmyra, 6157. Typically our figures indicate that -6.63% is being offered, which puts this WA suburb at 1425th most discounted overall in Australia.
Using the current median advertised rental of $420 and the average annual increase in value of a median property of 2.09%, investors should hope to achieve an overall return of 3.42%
Property investors who have had real estate in Palmyra, 6157 should be ok with this WA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 0.92%
Over the longer term, Palmyra has seen property prices show investors a -4.76% return over the last 3 years. This is an improvement over the last 12 months
At number 94th of WA’s most discounted properties, Palmyra is in the TOP 20% of the state/territory when listing in order of most discounted to least.
Residents and property investors in Palmyra have been waiting around 54.17 days to sell a property.
Palmyra is 88th on a list of best yielding suburbs for rents in WA with a 4.14% return