7/26 Tamar Street, Palmyra WA 6157
7/26 Tamar Street, Palmyra WA 6157
2-bed upper unit | ~80m² internal | private carport & courtyard | long-term owner-occupier building | entry-level Palmyra
This unit offers a genuinely rare combination in Palmyra: a compact, low-maintenance footprint in a suburb where most stock is larger detached housing on substantial blocks. The 80m² layout is efficient rather than spacious, with the U-shaped kitchen, separate laundry, and bath-plus-shower bathroom making it practical for daily living. The newly painted interior and air-conditioned living area reduce immediate upkeep costs, while the private courtyard and shared grassed area provide outdoor space without the burden of land maintenance. This property suits first-home buyers seeking a foothold in an established suburb, downsizers wanting to stay in the area without a big garden, or investors targeting steady rental demand near schools, cafes, and transport. The building’s long average tenure of over 18 years signals a stable, well-cared-for complex with low turnover, which typically supports consistent rental occupancy and manageable strata dynamics.
The second-level position means stairs are a consideration, which may narrow the buyer pool slightly compared to ground-floor units. The absence of a confirmed build year and aspect means you are relying on the condition and presentation rather than age-related certainty. The 2022 sale at $440,000 provides a historical reference point, but market movement since then may have shifted that figure. The shared land and strata arrangement inherently limits capital growth compared to free-standing homes, though this is offset by lower entry price and reduced maintenance. The lack of a precise lot size and reliance on common areas means the value sits primarily in the internal configuration and location rather than land component.
|| Comparable Sales: 4/80 Tamar Street similar 2×1 unit context; 75A Tamar Street rear home sold 2024 | Property Price Band: $400K–$500K | Value Drivers: internal condition, complex stability, location convenience
Detailed Independent Property Report prepared by PropCred Analyst team for 7/26 Tamar Street, Palmyra WA 6157
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
Income Risk
2
Execution Risk
2
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Market Insight
Palmyra is a family-oriented Perth suburb where high-income professionals and managers drive demand. Families account for 60% of households, with 41.7% couples raising children, supported by strong school catchments and transport links. House prices have risen 12.5–15.6% annually to a median around $1.18 million; units recorded 9.8–14% growth to $663,000–$715,000. Stock moves in 7–8 days. Rental conditions remain tight: median house rents are $850 weekly, units $650–$670, with gross yields of 3.7% and 5.1% respectively. Future growth is underpinned by infrastructure proximity and a stable average tenure of 11.3 years. Key constraints are slower population growth easing from 3.4% to 2.5%, rising listings, and vacancy nudging up to 2.3% across Greater Perth, pointing to a more balanced market rather than explosive price gains.
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PropCred Estimated Value
Comparable Sales: 4/80 Tamar Street similar 2×1 unit context; 75A Tamar Street rear home sold 2024 | Property Price Band: $400K–$500K | Value Drivers: internal condition, complex stability, location convenience
Bedrooms
2
Bathroom
1
Parking
1
Land
2096m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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