19/18 Solomon Street, Palmyra WA 6157

19/18 Solomon Street, Palmyra WA 6157
2-bedroom unit in Palmyra | median price gap suggests value | fast-moving local market | rental yield moderate The asking price sits notably below the local median for two-bedroom units in Palmyra, which gives a buyer meaningful negotiating leverage from the outset. With the suburb showing strong demand and an average of only six days on market, this property is positioned in a competitive pocket where smaller apartments move quickly. The 68-square-metre floor plan, single bathroom, and one car space suit first-home buyers or investors targeting the lower end of the local price spectrum, and the 5G coverage adds a minor convenience layer. The variation in estimated values between portalsโ€”from the low to mid six-hundredsโ€”signals that final pricing will depend heavily on internal presentation and strata conditions. The bushfire overlay flagged on one source requires formal verification, as does the 2022 sale price and any special levies or remediation history. The rental estimate of around $595 per week offers a moderate yield, but strata fees and outgoings must be confirmed to assess net return. This property represents a reasonable entry point if due diligence confirms no hidden liabilities.
Detailed Independent Property Report preparedย  by PropCred Analyst team forย 19/18 Solomon Street, Palmyra WA 6157
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Market Insight:

Palmyra is a tightly held, family-oriented suburb underpinned by a highly educated professional demographic, driving consistent demand for its well-located housing. This demand from affluent families and investors, supported by quality school catchments and transport links, fuels a competitive market with remarkably swift sales. Recent price growth has been robust, reflecting this strong underlying appeal, though the market is normalising towards steadier capital growth as listings increase and broader Perth conditions influence its trajectory.
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PropCred Estimated Value

Bedrooms

2

Bathroom

1

Parking

1

Land

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