At number 654th in the list of Australian suburbs ordered by increase in median house value over the last year, Marrickville, 2204 is in the top 20% with a property value increase of 17.20% recorded in median house prices.
Across a shorter period, Marrickville, 2204 has seen a median price increase of 2.09% over the last quarter.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.22% offered to property buyers. Sellers in Marrickville itself are offering an average vendor discount of -3.41% to real estate investors.
On average over the past year, suburb has had 18.25 sales per month, which equates to 219 per year.
Using the current median advertised rental of $740 and the average annual increase in value of a median property of 10.50%, investors should hope to achieve an overall return of 2.63%
Property value increases in Marrickville have tracked just higher than the NSW average of 8.63% over the last 12 months.
If we look at median property appreciation over just the last three months, Marrickville has given property investors a paper return of 3.01%. This puts Suburb as 181 on a list of fastest fasting appreciating suburbs in NSW
LACK OF BUYER INTEREST may well be the reason that Marrickville is offering property investors an average of -4.13. This rate of discount on properties puts Suburb at number 410th in terms of most discounted suburbs in NSW