Property investors who have had real estate in Merrylands, 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 decrease in value by -2.49%
The five-year average increase in median property values for Merrylands,2160 has given property investors a potential capital gain of 71.86% across each of those five years.
Sellers are offering property buyers an average discount of -6.49% to buyers in Merrylands at the moment, which is less than average for the rest of NSW.
In the last year 223 properties changed hands in Merrylands, which puts it as the 44th most active market in NSW when comparing the number of sales per suburb.
Merrylands, 2160’s gross rental yield is 3.10%
Investment property in Merrylands has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 2.26%
While Merrylands,2160 ranked number 209th in NSW for increase in median house value (annualised) increase, it is ranked 118th over the last 5 years.
Property buyers and investors in Merrylands 2160 should be seeing an average reduction in asking price of around -4.97% . This means that Merrylands is holding prices well when compared to other suburbs in NSW.
In the last year 262 properties changed hands in Merrylands, which puts it as the 32th most active market in NSW when comparing the number of sales per suburb.
Using the current median advertised rental of $410 and the average annual increase in value of a median property of 6.76%, investors should hope to achieve an overall return of 4.29%