Macquarie Fields has had a very poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of -0.26% to date .
Taking the average capital gain, or increase in median house value, Macquarie Fields,2564 has racked up an average of -0.26% over the period. This ranks it number 159th in the whole country for real estate investors looking at median house price increases.
LACK OF BUYER INTEREST may well be the reason that Macquarie Fields is offering property investors an average of -5.49. This rate of discount on properties puts Suburb at number 382th in terms of most discounted suburbs in NSW
A $410 per week rent on the median house gives suburb investors a gross yield of circa 3.65%, without taking into account capital value appreciation, which has been averaging out at 8.43%.
Macquarie Fields is in the bottom 30% in NSW when comparing median price capital growth over the last year. Macquarie Fields gave property investors a disappointing capital gain figure when compared to the rest of the state, with 1.19%.
Across a shorter period, Macquarie Fields, 2564 has seen a median price increase of 1.07% over the last quarter.
Property investors looking for a bargain in Macquarie Fields should be aiming for at least -5.33% off the asking price, which is the average vendor discount being achieved at the moment.
Residents and property investors in Macquarie Fields have been waiting around 65.95 days to sell a property.
The NSW suburb of Macquarie Fields, 2564 is in the Campbelltown local government area.