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ABS 2021 Census · Updated 21 May 2026
Palmyra is an outer-metropolitan suburb of Perth, Australia, with a population of approximately 7,585, making it a smaller community. Located approximately 13 km from the Perth CBD, Palmyra is a outer metro area in Western Australia. The median household income is $89,908 per year.
Moderate income levels in Palmyra indicate steady rental demand from working households. Close CBD access strengthens tenant appeal and resale value.
Official Australia Post postcode for Palmyra. A postcode may cover multiple suburbs.
Australia Post Postcode Finder →Usual resident population at the most recent census.
Weekly median rent for occupied homes. Live rental data integration coming soon.
Annual median household income (before tax) across all households.
Straight-line distance from the suburb centroid to the nearest capital city CBD. Actual driving distance will be longer.
Estimated 2 schools within or near this suburb.
Find schools near Palmyra on My School →Estimated 3 parks and green spaces near this suburb.
Monthly median mortgage repayment for households currently paying off a mortgage.
Proportion of separate houses versus units, townhouses, and other home types. Useful for investors assessing rental demand mix.
Palmyra's population of 7,585 sits 35% above the Western Australia suburb median of 5,605, giving it a wider tenant and buyer catchment than the average WA locality. Household income of $89,908/year is 10% below the Western Australia median of $99,736, typically translating into lower entry prices and a tenant base more sensitive to rent increases. Rent of $350/week (78% coverage of the $1,950/month median mortgage) leaves a gap of roughly $433/month that a typical investor bridges with negative gearing, depreciation and capital growth. 13 km from Perth places Palmyra in the middle commuter belt, close enough for daily trips by car or rail but at a materially lower price point than inner suburbs. Only 52% of dwellings are separate houses (vs 79% state median), so this is a unit-heavy market where body-corporate decisions and strata supply meaningfully shape investor returns.
Outer-metro suburbs reward careful property selection — aim for homes near infrastructure rather than generic house-and-land packages. Local rents consume roughly 20% of household income — a useful sanity check on tenant affordability.
How Palmyra stacks up against the median of all Western Australia suburbs in our dataset. Positive values mean Palmyra sits above the state median; negative means below.
| Metric | Palmyra | WA median | Δ vs state |
|---|---|---|---|
| Population | 7,585 | 5,605 | +35% |
| Median household income | $89,908/yr | $99,736/yr | -10% |
| Median rent (weekly) | $350 | $350 | 0% |
| Median mortgage (monthly) | $1,950 | $1,902 | +3% |
| Distance to CBD | 13 km | 20 km | -35% |
| Separate houses | 52% | 79% | -27pp |
Pre-inspection briefing for Palmyra — every item is derived from public datasets, with full citations in our data sources page.
Moderate buy-and-hold potential: Palmyra's 7,585-person market and $89,908 median household income work for investors who are selective on street location and property quality rather than counting on a suburb-wide rerating.
Moderate rental coverage: rent of $350/week covers 78% of a $1,950/month mortgage, leaving a $433/month gap that an investor bridges with equity, depreciation and tax benefits.
Only 52% of dwellings are separate houses (vs 79% WA median) — this is a unit and townhouse market, where cosmetic flips struggle against body-corporate restrictions, thinner after-reno uplift and competing new supply.
Run the numbers on a Palmyra property
Scenario comparison, cash flow analysis, tax modelling, and PDF export — all in one place.
Create free account →Property values in Palmyra should track the wider Western Australia market through 2026, with the $89,908/year median household income (10% below the $99,736 state median) keeping the suburb firmly mid-pack. Rental coverage runs at ~78% of the typical mortgage ($1,517/month rent vs $1,950/month repayment), leaving a manageable top-up for most investors. The EquitySight investment score of 65/100 places Palmyra in the upper-middle tier of Australian suburbs we profile, and overall investor sentiment is balanced heading into the second half of 2026.
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Palmyra scores 65/100 on our EquitySight investment framework — a good rating. That score is driven by a population of 7,585, median household income of $89,908/year and median weekly rent of $350. Whether it fits your portfolio depends on whether you are targeting cash flow, capital growth, or a value-add renovation — all three are scored with suburb-specific numbers elsewhere on this page.
The main demand drivers in Palmyra are proximity to Perth (13 km), a median household income of $89,908/year, a dwelling mix that is 52% separate houses, roughly 2 schools and 3 parks within the catchment. Together these shape both owner-occupier and tenant demand and are the factors we weight most heavily in the suburb's investment score.
Palmyra has a usual resident population of approximately 7,585, compared with a Western Australia suburb median of 5,605 — placing it in the upper half of the state's suburbs by size. Population is the clearest proxy for market depth: more residents mean more transactions and typically a shorter average days-on-market on resale.
Palmyra sits 13 km straight-line from the Perth CBD. This is comfortable commuter territory, with reasonable rail and road access to the city.
The most recent census recorded a median weekly rent of $350 in Palmyra, equating to approximately $18,200/year in gross rental income (state median $350/week). Market rents have typically drifted above the recorded figure — verify against current listings on realestate.com.au and Domain before making an offer.
The median monthly mortgage repayment in Palmyra is $1,950, or approximately $23,400/year (vs $1,902/month state median). Stress-test your own borrowing at rates 1–2 percentage points above today's to make sure you can still service the loan through an RBA tightening cycle.
A median weekly rent of $350 works out to $1,517/month, covering 78% of the median mortgage repayment of $1,950/month. That leaves a $433/month shortfall (around $5,196/year before tax benefits), so a typical owner-occupier-priced property here is negatively geared. Actual cash flow depends on your deposit, loan terms, ownership costs and marginal tax rate — run the full numbers in our rental yield calculator.
The main risks are interest-rate sensitivity on the $1,950 median mortgage, the broader Western Australia market cycle. Each of these is covered in the Risk Factors section above with suburb-specific numbers rather than generic warnings.
Every number on this page comes from the ABS 2021 Census of Population and Housing, Australia Post postcode reference data, and OpenStreetMap amenity tiles. The investment score, strategy verdicts, and comparison table are computed deterministically from those inputs — no opinion, no estimation. See our full methodology and the data sources and licences for the formulas we use.