Merrylands West, 2160 ranked 1066th in NSW when comparing growth in median property values or capital gain over the last 12 months. Merrylands West is one of 3163 in our list for NSW
The five-year average increase in median property values for Merrylands West,2160 has given property investors a potential capital gain of 26.80% across each of those five years.
Vendor discounting in Merrylands West is giving property investors an average Vendor Discount of around -10.88%. This puts suburb at number 45th in NSW when ranking the most discounted suburbs.
Often selling an investment property can take time, and in Merrylands West the average time real estate has been on the market is 118.958 days.
With the median price for a house in Merrylands West being $747500 and the advertised rent reaching $580 the gross rental yield for property investors calculates out to be 4.03%
If you compare the increase in value of investment property in Merrylands West, 2160 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was -5.31%.
If we look at median property appreciation over just the last three months, Merrylands West has given property investors a paper return of 1.60%. This puts Suburb as 104 on a list of fastest fasting appreciating suburbs in NSW
The most recent median price for Merrylands West is $475000, with sellers offering an average of -7.33% off the asking price.
Advertised rents are around the $400 mark per week – giving a return of 4.38% based on the median price in Suburb