Q1 2025
As of January 2025, the Palmyra property market continues to show strong performance and significant growth. According to REIWA, the median house sale price in Palmyra is now $1.03 million, representing a robust 13.9% increase over the past year. This steady rise highlights the suburb's desirability and strong demand for properties.
In the rental market, Palmyra has also seen a 0.6% annual growth, with the median weekly rent currently sitting at $780. Properties for rent in Palmyra are being leased quickly, with an average of just 15 days on the market, reflecting the high demand from tenants in the area.
For property sales, Palmyra properties are achieving great results, with the average days on market for sales sitting at 18 days, showcasing the suburb's competitive and fast-moving real estate environment.
With limited supply and sustained demand, Palmyra remains a sought-after suburb for both homeowners and investors. Whether you're looking to sell, buy, or invest, the suburb's strong performance makes now a great time to take advantage of this thriving market.
If you'd like to know how this market activity impacts the value of your home or investment, feel free to reach out for a tailored market update!
Publish Date: 01/01/2025
The details noted above including any figures or statistics given are based on information provided by multiple sources including the Western Australian Land Information Authority, Corelogic, REIWA, domain.com.au and realestate.com.au. The statistics noted include results performed by multiple agents and agencies. Whilst all reasonable effort has been made to ensure the enclosed information is correct at the time of publication, Mint Real Estate does not warrant or guarantee the accuracy or completeness of the data.
