Palmyra has had a quite poor year for property investment returns compared to the rest of WA, giving investors a capital gain of -8.84% to date .
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Palmyra has increased when compared to the 5 year average annual rate.
At number 313th of WA’s most discounted properties, Palmyra is in the TOP 30% of the state/territory when listing in order of most discounted to least.
Using the current median advertised rental of $450 and the average annual increase in value of a median property of 5.02%, investors should hope to achieve an overall return of 3.55%
Palmyra has had a pretty average year for property investment returns compared to the rest of WA, giving investors a capital gain of -4.44% to date .
The five-year average increase in median property values for Palmyra,6157 has given property investors a potential capital gain of 2.38% across each of those five years.
Property buyers and investors in Palmyra 6157 should be seeing an average reduction in asking price of around -5.30% . This means that Palmyra is holding prices well when compared to other suburbs in WA.
Often selling an investment property can take time, and in Palmyra the average time real estate has been on the market is 53.82 days.
With the median price for a house in Palmyra being $430000 and the advertised rent reaching $370 the gross rental yield for property investors calculates out to be 4.47%