NSW has seen average median house prices change by 7.47% which means that Marsfield, 2122 has done well for property investors by showing a capital gain of -1.82% over the last year
Marsfield,2122 was ranked 3347 in Australia by increase in median property value over the quarter.
Marsfield, 2122 is offering NSW ‘s 1007th 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.
Marsfield, 2122’s gross rental yield is 2.13%
Over the last year, property investments in Marsfield, 2122 have given investors a capital gain of 0.00%. This compares badly with the 5.88% for NSW as a whole.
Taking the average capital gain, or increase in median house value, Marsfield,2122 has racked up an average of 0.00% over the period. This ranks it number 365th in the whole country for real estate investors looking at median house price increases.
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 -3.55% is being offered, which puts this NSW suburb at 1197th most discounted overall in Australia.
Residents and property investors in Marsfield have been waiting around 65.63 days to sell a property.
Using the current median advertised rental of $520 and the average annual increase in value of a median property of 6.64%, investors should hope to achieve an overall return of 3.51%
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.