At number 2339th in the list of Australian suburbs ordered by increase in median house value over the last year, Marsfield, 2122 is in the BOTTOM 50% with a property value increase of 4.98% recorded in median house prices.
Marsfield,2122 has offered an average of 4.98% return per annum in house price rises to property investors over the last three years.
Property buyers and investors in Marsfield 2122 should be seeing an average reduction in asking price of around -8.00% . This means that Marsfield is holding prices well when compared to other suburbs in NSW.
Often selling an investment property can take time, and in Marsfield the average time real estate has been on the market is 75.3 days.
Property investors should expect to get $680 weekly from the median priced house in this suburb.
Property value increases in Marsfield have tracked just lower than the NSW average of 8.63% over the last 12 months.
When looking at the potential capital gains offered to property investors over the last 3 years, Marsfield comes in at number 283th in NSW.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.13% offered to property buyers. Sellers in Marsfield itself are offering an average vendor discount of -2.82% to real estate investors.
Residents and property investors in Marsfield have been waiting around 41.62 days to sell a property.
Advertised rents are around the $522.5 mark per week – giving a return of 3.33% based on the median price in 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.