Lot 2, 93 Elvira Street, Palmyra WA 6157

An exceptional opportunity awaits the astute buyer of this vacant, cleared block, tucked away privately at the rear in one of Palmyra’s most desirable family-friendly pockets.

With 480 sqm of total land area, this well-proportioned, near-square building envelope provides flexibility to design and build your dream home. Set well back from the street and accessible via a private 3.4-metre-wide driveway, there is an alluring sense of privacy and seclusion here. The 19.43-metre northern boundary is ideal for orientating living areas and outdoor entertaining spaces towards the winter sun, providing essential natural light and warmth. This is the perfect blank canvas for professionals and young families seeking an enviable lifestyle at an achievable price.

For investors, the appeal is equally compelling. Under the tax reforms announced in the 2026–27 Federal Budget, negative gearing on residential property will be limited to new builds from 1 July 2027. New dwellings will also retain access to the existing 50% Capital Gains Tax discount.

Perfectly positioned within easy reach of Palmyra Primary School and Our Lady of Fatima Primary School, and only moments from Melville Plaza Shopping Centre and the extensive sporting and aquatic facilities of Melville Recreation Centre, with the cafés, markets, harbour and beaches of greater Fremantle a short drive away, this is the ultimate lifestyle destination.

DISCLAIMER: Dimensions and areas are approximate. Tax information is general only and based on announced Federal Budget measures. Buyers should seek independent financial and tax advice.