If you compare the increase in value of investment property in Marsfield, 2122 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 9.80%.
The five-year average increase in median property values for Marsfield,2122 has given property investors a potential capital gain of 81.56% across each of those five years.
Marsfield, 2122 is offering NSW ‘s 1065th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 20% of discounts offered by this NSW.
At number 1709 in a list of fastest selling suburbs, Marsfield is just in the top half of suburbs in Australia with an average of days on market 76.58 for properties listed there.
NSW has seen average median house prices change by 6.59% which means that Marsfield, 2122 has done well for property investors by showing a capital gain of 1.47% over the last year
Taking the average capital gain, or increase in median house value, Marsfield,2122 has racked up an average of 1.47% over the period. This ranks it number 208th in the whole country for real estate investors looking at median house price increases.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.48% offered to property buyers. Sellers in Marsfield itself are offering an average vendor discount of -3.42% to real estate investors.
A $530 per week rent on the median house gives suburb investors a gross yield of circa 3.63%, without taking into account capital value appreciation, which has been averaging out at 6.47%.
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.