Property investors who have had real estate in Merrylands West, 2160 should be relatively unhappy with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 3.13%
Over the longer term, Merrylands West has seen property prices show investors a 46.02% return over the last 3 years. This is worse than over the last 12 months
Merrylands West2160 is located in NSW which offers an average discount of -5.35% to property investors. Merrylands West itself is showing figures that indicate -5.31% is the average achievable by property buyers investing in the suburb.
Merrylands West is 639th on a list of best yielding suburbs for rents in NSW with a 3.47% return
NSW has seen average median house prices change by 6.96% which means that Merrylands West, 2160 has done well for property investors by showing a capital gain of 1.76% over the last year
Across a shorter period, Merrylands West, 2160 has seen a median price increase of 0.56% over the last quarter.
The most recent median price for Merrylands West is $447500, with sellers offering an average of -4.56% off the asking price.
In the last year 37 properties changed hands in Merrylands West, which puts it as the 332th most active market in NSW when comparing the number of sales per suburb.
Using the current median advertised rental of $400 and the average annual increase in value of a median property of 6.41%, investors should hope to achieve an overall return of 4.65%