Investment property in Palmyra has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -9.09%
Across a shorter period, Palmyra, 6157 has seen a median price increase of -3.23% over the last quarter.
Vendor discounting in Palmyra is giving property investors an average Vendor Discount of around -7.62%. This puts suburb at number 194th in WA when ranking the most discounted suburbs.
On average over the past year, suburb has had 9.67 sales per month, which equates to 116 per year.
Palmyra is 311th on a list of best yielding suburbs for rents in WA with a 3.34% return
WA has seen average median house prices change by -5.01% which means that Palmyra, 6157 has not done well for property investors by showing a capital gain of 2.56% over the last year
The five-year average increase in median property values for Palmyra,6157 has given property investors a potential capital gain of 6.67% across each of those five years.
Vendor discounting in Palmyra is giving property investors an average Vendor Discount of around -5.86%. This puts suburb at number 91th in WA when ranking the most discounted suburbs.
At number 735 in a list of fastest selling suburbs, Palmyra is just in the top half of suburbs in Australia with an average of days on market 73.56 for properties listed there.
The WA suburb of Palmyra, 6157 is in the Melville local government area.