Suburb Profile Report for Marrickville NSW (2204)

Marrickville House: Median price $1,465,000, Annual capital growth 10.50%, Number of sales 219, Weekly median advertised rent $740

Marrickville Unit: Median price $735,000, Annual capital growth 8.71%, Number of sales 213, Weekly median advertised rent $495

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales
TOP 100 suburbs

Source: CoreLogic

  • House Report
  • Unit Report

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

Metrics i HOUSE UNIT
$1,465,000 $735,000
2.09% 3.01%
17.20% 13.08%
10.50% 8.71%
$740 $495
219 213
2.63% 3.50%
52.61 47.18

Source: CoreLogic

DSR Score for property investment : Very good (H), Very good (U)
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Demographics
Total population 24612
Median household income ($/weekly) 1406
Median age of persons 37
Median housing loan repayment ($/monthly) 2324
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 2101 8.5
    25-34 years 4754 19.3
    35-44 years 4462 18.1
    45-54 years 3287 13.4
    55-64 years 2420 9.8
    Others 7588 30.8
    Age Group
    Census Count Percent(%)
    Not Married 9034 48.7
    Registered Married 7101 38.3
    Defacto Relationship 2417 13.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 12994 56.5
    Hong Kong 1260 5.5
    United Kingdom 850 3.7
    Viet Nam 1539 6.7
    Other 2340 10.2
    Others 4029 17.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 1969 8.8
    Christianity 11628 52.1
    Hinduism 580 2.6
    Islam 1161 5.2
    No Religion 6710 30.1
    Others 279 1.2
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 735 8.9
    $1,000-$1,249 676 8.1
    $1,500-$1,999 1100 13.2
    $2,000-$2,499 808 9.7
    $2,500-$2,999 798 9.6
    Others 4187 50.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 8069 41.4
    Not in the labour force 6443 33.1
    Employed, worked part-time 3401 17.5
    Unemployed, looking for work 822 4.2
    Employed, away from work 732 3.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 1524 12.5
    Professionals 3746 30.7
    Technicians & trades workers 1435 11.8
    Community & personal service workers 1092 9.0
    Clerical & administrative workers 1750 14.3
    Others 2652 21.7
    Occupation
    Census Count Percent(%)
    Pre-school 355 6.7
    Infants/Primary 1344 25.6
    Secondary 970 18.4
    Technical or Further Educational Institution 712 13.5
    University or other Tertiary Institutions 1646 31.3
    Others 233 4.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 10688 47.4
    Flat, unit or apartment 7071 31.4
    Semi-detached, row or terrace house, townhouse 4507 20.0
    House or flat attached to a shop, office 271 1.2
    Improvised home, tent, sleepers out 7 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 3855 43.2
    Being purchased 2665 29.9
    Fully owned 2352 26.4
    Other tenure type 43 0.5
    Tenure Type
Census 2011, ABS
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Recent sales & rentals