Median Sale Price
House
$615K
Updated on Jan 2020
2 BR $560K | 3 BR $600K | 4 BR $705K |
Unit
$403K
Updated on Jan 2020
1 BR - | 2 BR $373K | 3 BR $459K |
Monthly Median Sale Price Market Trend
Sales Statistics (Houses)
| Year | Median | Growth | Low | High | # Sales |
|---|---|---|---|---|---|
| 2009 | $700,000 | 0.0% | $315,000 | $890,000 | 35 |
| 2010 | $610,000 | -14.8% | $447 | $1,150,000 | 85 |
| 2011 | $632,000 | +3.5% | $750 | $1,120,000 | 90 |
| 2012 | $600,000 | -5.3% | $270,000 | $880,000 | 102 |
| 2013 | $650,000 | +7.7% | $150,000 | $1,150,000 | 196 |
| 2014 | $719,000 | +9.6% | $420,000 | $1,250,000 | 124 |
| 2015 | $685,000 | -5.0% | $360,000 | $1,110,000 | 131 |
| 2016 | $665,000 | -3.0% | $200,000 | $2,450,000 | 103 |
| 2017 | $612,000 | -8.7% | $320,000 | $1,100,000 | 101 |
| 2018 | $650,000 | +5.8% | $350,000 | $1,150,000 | 52 |
| 2019 | $715,000 | +9.1% | $458,000 | $1,025,000 | 17 |
| 2020 | - | - | - | - | - |
Median Sale Price
$715K
Based on 17 recorded sales within the last 12 months
Updated on 26 Feb 2020
Suburb Growth
+9.1%
Current Median Price: $715,000
Previous Median Price: $650,000
Based on 57 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Jan 2020)
Price Range Segments (12 months ending Jan 2020)
Median Weekly Rent Price
House
$400
Updated on Jan 2020
2 BR $350 | 3 BR $400 | 4 BR $563 |
Unit
$348
Updated on Jan 2020
1 BR $315 | 2 BR $330 | 3 BR $360 | 4 BR $380 |
Monthly Median Rent Price Market Trend
Rent Statistics (Houses)
| Year | Median | Growth | Low | High | # Rents |
|---|---|---|---|---|---|
| 2011 | $450 | 0.0% | $300 | $750 | 62 |
| 2012 | $460 | +2.2% | $260 | $900 | 44 |
| 2013 | $530 | +13.2% | $380 | $1,250 | 82 |
| 2014 | $520 | -1.9% | $350 | $850 | 56 |
| 2015 | $460 | -13.0% | $265 | $800 | 100 |
| 2016 | $420 | -9.5% | $260 | $690 | 106 |
| 2017 | $420 | 0.0% | $260 | $715 | 101 |
| 2018 | $420 | 0.0% | $180 | $700 | 71 |
| 2019 | $400 | -5.0% | $300 | $650 | 74 |
| 2020 | $420 | +4.8% | $320 | $650 | 10 |
Median Rent Price
$395
per week
Based on 68 recorded rent within the last 12 months
Updated on 26 Feb 2020
Rent Price Growth
-6.3%
Current Median Rent: $395
Previous Median Rent: $420
Based on 138 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+2.9%
Current Median Price: $715,000
Current Median rent: $395
Based on 85 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Jan 2020)
Auction Results For Palmyra
Houses sold in Last 12 months ends 22 Feb 2020
$680K
Median Sale Price
100%
Clearance Rate
24/24
Sold/Reported
$1.03M
Highest Sale Price
| Sold Price Range | No. of Sold Properties | |
|---|---|---|
| $1 M - $1.2 M | 1 | |
| $800 K - $1 M | 3 | |
| $600 K - $800 K (Median Price Range) | 6 | |
| $400 K - $600 K | 7 | |
| less than $400 K | 1 | |
Similar Suburbs to Palmyra 6157
Based on median house sale price sold in last 12 months