Palmyra 6157
Market analysis for investment properties in Palmyra
Median Price
$1,222,500
Trend:Accelerating
+9.9%
Median Rent
$800/pw
Trend:Steady
+2.6%
Rental Yield
3.40%
Trend:Decelerating
-6.8%
Median DoM
27 Days
Trend:Steady
+3.9%
Market Analysis
Why investors are watching Palmyra right now.
For shopping, Palmyra is conveniently located near the major shopping precinct of Garden City Shopping Centre in Booragoon, offering a wide range of retail stores, supermarkets, and dining options.
In terms of education, the suburb is home to Palmyra Primary School, a well-regarded public school providing education from kindergarten to Year 6. For secondary education, Melville Senior High School and Christian Brothers College in nearby Fremantle are popular choices for students in the area.
Palmyra is serviced by several bus routes connecting residents to the Fremantle Train Station, which offers a direct train line to Perth's CBD. The suburb also has easy access to Canning Highway, providing a direct route by car to the city center.
Surrounding greenery in Palmyra includes the beautiful Quarantine Park, a popular spot for picnics and leisure activities with lush green spaces and play areas for families. Additionally, the Melville Golf Centre and Point Walter Reserve offer ample opportunities for outdoor recreation and enjoying the natural surroundings.
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Capital Growth
Historical Performance
Analyze long-term value appreciation, rental yield fluctuations, and median price trajectories.
Market Vitals
Market Dynamics
Deep-dive into transaction velocity, rental pressure, and supply pipeline indicators.
Unlock Market Vitals
See live suburb and LGA market signals.
The Ripple Effect
Explore Nearby Opportunities
Investors analyzing Palmyra often compare these adjacent markets for better entry points or higher yields.
Strategy by LighthousePA
Where will Palmyra be in 2026?
Data provides the foundation, but strategy secures the wealth. If you're seeking clarity on Palmyra, let LighthousePA (Property Advisors) help you navigate the market and illuminate your next move.
- Wealth Planning
- Ownership Structuring
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Investment Insights & FAQ
Frequently asked questions about the Palmyra property market in 2026.
As of March 2026, the Palmyra property market presents a dynamic investment landscape. Over the last 12 months, houses have seen an annual growth rate of 9.94% and units have grown by 17.06%. These figures reflect the evolving demand within Melville, offering potential for capital appreciation.
Based on the latest market snapshot, median property prices in Palmyra range from $1,222,500 for houses to $737,500 for units. These values are calculated based on recent transaction data and current buyer activity across the Melville region.
For investors targeting cash flow, houses rent for $800 /pw with a 3.4% yield, while units rent for $700 /pw with a 4.94% yield. This rental performance is a key indicator of strong tenant demand within the Palmyra area.
Market Insights Last Updated: March 2026