Q3 2025
Palmyra continues to demonstrate strong underlying demand, even as market conditions gradually stabilise in line with broader Perth trends. By the end of September 2025, the median house price in Palmyra reached $1.18 million, representing a 15.6% increase year-on-year. Price growth has been steady rather than rapid, reflecting the suburb’s appeal to families and professionals seeking convenient access without the premium price tag. While buyer interest remains healthy, a slight increase in available listings has contributed to a more balanced market, with properties now spending a little longer on the market and the pace of price growth moderating.
The rental market in Palmyra remains competitive, with a median weekly rent of $765. Tenant demand is particularly strong for well-presented family homes and modern villas. While the intense competition seen in earlier 2025 has eased slightly, quality rental properties continue to lease quickly, underscoring the suburb’s ongoing desirability.
The message from the team here at Mint for those contemplating selling or leasing, is that the current conditions present fantastic opportunities to capitalise on your property asset. We have been busy with appraisals and we anticipate 2025 being another busy year here in the West.
Publish Date: 04/12/2025
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.
