WA has seen average median house prices change by -1.75% which means that Palmyra, 6157 has not done well for property investors by showing a capital gain of 1.99% over the last year
While Palmyra,6157 ranked number 243th in WA for increase in median house value (annualised) increase, it is ranked 248th over the last 5 years.
LACK OF BUYER INTEREST may well be the reason that Palmyra is offering property investors an average of -8.09. This rate of discount on properties puts Suburb at number 375th in terms of most discounted suburbs in WA
Property investors should expect to get $420 weekly from the median priced house in this suburb.
Giving property investors a a poor capital gain of -8.99% for the last year, Palmyra, 6157 is the 1501th highest performer in Australia in this respect.
A -10.51% growth in median value for property investors in Palmyra,6157 puts this suburb at number 47th in terms of best performing suburbs in WA
LACK OF BUYER INTEREST may well be the reason that Palmyra is offering property investors an average of -9.08. This rate of discount on properties puts Suburb at number 60th in terms of most discounted suburbs in WA
The WA suburb of Palmyra, 6157 is in the Melville local government area.
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