Property value increases in Marsfield have tracked just lower than the NSW average of 9.05% over the last 12 months.
While Marsfield,2122 ranked number 679th in NSW for increase in median house value (annualised) increase, it is ranked 280th over the last 5 years.
Property buyers and investors in Marsfield 2122 should be seeing an average reduction in asking price of around -4.61% . This means that Marsfield is holding prices well when compared to other suburbs in NSW.
The NSW suburb of Marsfield, 2122 is in the Ryde local government area.
Investment property in Marsfield has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -1.91%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Marsfield has increased when compared to the 5 year average annual rate.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Marsfield, 2122. Typically our figures indicate that -3.49% is being offered, which puts this NSW suburb at 1179th most discounted overall in Australia.
On average over the past year, suburb has had 13.67 sales per month, which equates to 164 per year.
Property investors should expect to get $520 weekly from the median priced house in this suburb.
In addition to being just 16km from the Sydney CBD, Marsfield is also surrounded by suburbs with strong commercial areas in their own right.Full summary
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In addition to being just 16km from the Sydney CBD, Marsfield is also surrounded by suburbs with strong commercial areas in their own right.Close
This comprises Epping, North Ryde and Macquarie Park which provide a stack of employment options for its residents.
One of the most sought-after amenities nearby is Macquarie Centre which has recently undergone a $440m facelift.
Another development which the suburb has benefited from in recent years is the Macquarie University train station.
Strong demand is shown by the fact that units typically spend just 29 days on the market, according to CoreLogic RP Data. Its vacancy rate is also a healthy 1.79%.
There are also some two-bedroom units on Waterloo Rd which are being sold for less than $650,000.
Additionally, there are some prestigious units on Culloden Rd which are only a short stroll to Macquarie Centre, Macquarie University and the station.