At number 2433th in the list of Australian suburbs ordered by increase in median house value over the last year, Merrylands West, 2160 is in the BOTTOM 50% with a property value increase of 4.03% recorded in median house prices.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Merrylands West has increased when compared to the 5 year average annual rate.
The most recent median price for Merrylands West is $832250, with sellers offering an average of -4.62% off the asking price.
Property investors should expect to get $550 weekly from the median priced house in this suburb.
Property value increases in Merrylands West have tracked just lower than the NSW average of 7.74% over the last 12 months.
If we look at median property appreciation over just the last three months, Merrylands West has given property investors a paper return of 0.62%. This puts Suburb as 358 on a list of fastest fasting appreciating suburbs in NSW
LACK OF BUYER INTEREST may well be the reason that Merrylands West is offering property investors an average of -4.16. This rate of discount on properties puts Suburb at number 155th in terms of most discounted suburbs in NSW
A $400 per week rent on the median house gives suburb investors a gross yield of circa 4.67%, without taking into account capital value appreciation, which has been averaging out at 6.22%.