Over the last year, property investments in Marrickville, 2204 have given investors a capital gain of 9.30%. This compares favourably with the 7.28% for NSW as a whole.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Marrickville has increased when compared to the 5 year average annual rate.
The most recent median price for Marrickville is $1340000, with sellers offering an average of -2.71% off the asking price.
At number 844 in a list of fastest selling suburbs, Marrickville is in the TOP 30% of suburbs in Australia with an average of days on market 58.81 for properties listed there.
Renters in Suburb are facing rents around $8400 per annum or $700 every week.
Marrickville, 2204 ranked 282th in NSW when comparing growth in median property values or capital gain over the last 12 months. Marrickville is one of 3163 in our list for NSW
The five-year average increase in median property values for Marrickville,2204 has given property investors a potential capital gain of 47.07% across each of those five years.
LACK OF BUYER INTEREST may well be the reason that Marrickville is offering property investors an average of -4.41. This rate of discount on properties puts Suburb at number 274th in terms of most discounted suburbs in NSW
Property investors should expect to get $490 weekly from the median priced house in this suburb.