Palmyra has had a very poor year for property investment returns compared to the rest of WA, giving investors a capital gain of -14.59% to date .
Across a shorter period, Palmyra, 6157 has seen a median price increase of -4.08% over the last quarter.
Sellers are offering property buyers an average discount of -6.79% to buyers in Palmyra at the moment, which is less than average for the rest of WA.
Using the current median advertised rental of $420 and the average annual increase in value of a median property of 1.59%, investors should hope to achieve an overall return of 3.50%
Giving property investors a an average capital gain of 1.03% for the last year, Palmyra, 6157 is the 995th highest performer in Australia in this respect.
A 6.02% growth in median value for property investors in Palmyra,6157 puts this suburb at number 16th in terms of best performing suburbs in WA
Vendor discounting in Palmyra is giving property investors an average Vendor Discount of around -5.79%. This puts suburb at number 88th in WA when ranking the most discounted suburbs.
On average over the past year, suburb has had 4.33 sales per month, which equates to 52 per year.
A $340 per week rent on the median house gives suburb investors a gross yield of circa 4.02%, without taking into account capital value appreciation, which has been averaging out at 1.97%.