Over the last year, property investments in Palmyra, 6157 have given investors a capital gain of -7.69%. This compares badly with the -2.32% for WA as a whole.
Palmyra,6157 has offered an average of -7.69% return per annum in house price rises to property investors over the last three years.
Palmyra is 304th on a list of best yielding suburbs for rents in WA with a 3.34% return
Palmyra is an average performer in WA when comparing median price capital growth over the last year. Palmyra gave property investors a good capital gain figure when compared to the rest of the state, with -1.52%.
The five-year average increase in median property values for Palmyra,6157 has given property investors a potential capital gain of -0.30% across each of those five years.
Using the current median advertised rental of $320 and the average annual increase in value of a median property of 1.12%, investors should hope to achieve an overall return of 3.96%
Prices increased by 1.2% in the past year, and this positive growth was sustained in the April 2017 quarter.Full summary
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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