Giving property investors a a poor capital gain of -3.57% for the last year, Merrylands, 2160 is the 3375th highest performer in Australia in this respect.
Merrylands,2160 has offered an average of -3.57% return per annum in house price rises to property investors over the last three years.
Sellers are offering property buyers an average discount of -6.16% to buyers in Merrylands at the moment, which is less than average for the rest of NSW.
Residents and property investors in Merrylands have been waiting around 90.11 days to sell a property.
Advertised rents are around the $495 mark per week – giving a return of 3.14% based on the median price in Suburb
Merrylands has had a pretty average year for property investment returns compared to the rest of NSW, giving investors a capital gain of 4.05% to date .
While Merrylands,2160 ranked number 256th in NSW for increase in median house value (annualised) increase, it is ranked 116th over the last 5 years.
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 139th in terms of most discounted suburbs in NSW
On average over the past year, suburb has had 23.08 sales per month, which equates to 277 per year.
The NSW suburb of Merrylands, 2160 is in the Holroyd local government area.