At number 3043th in the list of Australian suburbs ordered by increase in median house value over the last year, Marsfield, 2122 is in the BOTTOM 30% with a property value increase of -0.52% recorded in median house prices.
If we look at median property appreciation over just the last three months, Marsfield has given property investors a paper return of 1.33%. This puts Suburb as 908 on a list of fastest fasting appreciating suburbs in NSW
The most recent median price for Marsfield is $1641500, with sellers offering an average of -3.75% off the asking price.
At number 1912 in a list of fastest selling suburbs, Marsfield is just in the bottom half of suburbs in Australia with an average of days on market 80.92 for properties listed there.
Marsfield is in the bottom 40% in NSW when comparing median price capital growth over the last year. Marsfield gave property investors a disappointing capital gain figure when compared to the rest of the state, with 0.65%.
Marsfield,2122 was ranked 706 in Australia by increase in median property value over the quarter.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.33% offered to property buyers. Sellers in Marsfield itself are offering an average vendor discount of -3.41% to real estate investors.
On average over the past year, suburb has had 12.58 sales per month, which equates to 151 per year.
The NSW suburb of Marsfield, 2122 is in the Ryde local government area.
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.