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 -2.65%
While Merrylands,2160 ranked number 1181th in NSW for increase in median house value (annualised) increase, it is ranked 231th over the last 5 years.
Property investors looking for a bargain in Merrylands should be aiming for at least -6.39% off the asking price, which is the average vendor discount being achieved at the moment.
On average over the past year, suburb has had 18.67 sales per month, which equates to 224 per year.
Property investors should expect to get $497.5 weekly from the median priced house in this suburb.
Merrylands, 2160 ranked 323th in NSW when comparing growth in median property values or capital gain over the last 12 months. Merrylands is one of 3163 in our list for NSW
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Merrylands has increased when compared to the 5 year average annual rate.
LACK OF BUYER INTEREST may well be the reason that Merrylands is offering property investors an average of -4.41. This rate of discount on properties puts Suburb at number 141th in terms of most discounted suburbs in NSW
In the last year 271 properties changed hands in Merrylands, which puts it as the 33th most active market in NSW when comparing the number of sales per suburb.
Merrylands is 245th on a list of best yielding suburbs for rents in NSW with a 4.28% return