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 -10.63%
Palmyra,6157 has offered an average of -10.63% return per annum in house price rises to property investors over the last three years.
The most recent median price for Palmyra is $647500, with sellers offering an average of -5.56% off the asking price.
Property investors who have had real estate in Palmyra, 6157 should be relatively unhappy with this WA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -2.25%
Palmyra,6157 was ranked 659 in Australia by increase in median property value over the quarter.
State is the 2nd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -8.08% offered to property buyers. Sellers in Palmyra itself are offering an average vendor discount of -4.92% to real estate investors.
With the median price for a house in Palmyra being $435000 and the advertised rent reaching $360 the gross rental yield for property investors calculates out to be 4.30%