WA has seen average median house prices change by -1.76% which means that Palmyra, 6157 has not done well for property investors by showing a capital gain of 2.12% over the last year
When looking at the potential capital gains offered to property investors over the last 3 years, Palmyra comes in at number 253th in WA.
Vendor discounting in Palmyra is giving property investors an average Vendor Discount of around -6.33%. This puts suburb at number 295th in WA when ranking the most discounted suburbs.
A $380 per week rent on the median house gives suburb investors a gross yield of circa 3.16%, without taking into account capital value appreciation, which has been averaging out at 1.32%.
Over the last year, property investments in Palmyra, 6157 have given investors a capital gain of -9.09%. This compares badly with the -5.68% for WA as a whole.
Over the longer term, Palmyra has seen property prices show investors a -11.11% return over the last 3 years. This is an improvement over the last 12 months
Palmyra6157 is located in WA which offers an average discount of -8.98% to property investors. Palmyra itself is showing figures that indicate -8.04% is the average achievable by property buyers investing in the suburb.
A $320 per week rent on the median house gives suburb investors a gross yield of circa 4.16%, without taking into account capital value appreciation, which has been averaging out at 0.25%.
Prices increased by 1.2% in the past year, and this positive growth was sustained in the April 2017 quarter.Full summary
Information supplied by:
Apartment hunters turn their eye to centrally located suburb
Median unit price: $441,000
Three-year growth: -4.03%
Rental yield: 4.07%
Roughly 10 minutes’ drive south of Leighton Beach is the suburb of Palmyra. In the midst of Perth’s downslide, this suburb is managing to maintain some growth in the apartment market.
Prices increased by 1.2% in the past year, and this positive growth was sustained in the April 2017 quarter. As a result, the median unit value broke through the $440,000 mark. Nonetheless, it remains an affordable suburb given the fact that it is less than 30 minutes from Perth.
Some of the buyer demand could be coming from investors, who can obtain a reasonable yield of 4.1%. Palmyra is a well-stocked suburb that is home to a couple of schools, parks and a reserve. It is also bordered by Canning Highway. Thus, the area could appeal to prospective tenants.Close