Giving property investors a an unimpressive capital gain of 2.80% for the last year, Merrylands, 2160 is the 2616th highest performer in Australia in this respect.
A 79.90% growth in median value for property investors in Merrylands,2160 puts this suburb at number 656th in terms of best performing suburbs in NSW
Our latest figures would indicate that property sellers in Merrylands are currently offering property investors an average price cut of -6.37% below the asking price at the moment.
On average over the past year, suburb has had 18.25 sales per month, which equates to 219 per year.
Advertised rents are around the $500 mark per week – giving a return of 3.01% based on the median price in Suburb
If you compare the increase in value of investment property in Merrylands, 2160 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this NSW suburb was 4.49%.
When looking at the potential capital gains offered to property investors over the last 3 years, Merrylands comes in at number 300th in NSW.
Property investors looking for a bargain in Merrylands should be aiming for at least -4.54% off the asking price, which is the average vendor discount being achieved at the moment.
The NSW suburb of Merrylands, 2160 is in the Holroyd local government area.