At number 2230th in the list of Australian suburbs ordered by increase in median house value over the last year, Merrylands, 2160 is in the BOTTOM 50% with a property value increase of 6.14% recorded in median house prices.
While Merrylands,2160 ranked number 845th in NSW for increase in median house value (annualised) increase, it is ranked 291th over the last 5 years.
Merrylands2160 is located in NSW which offers an average discount of -5.24% to property investors. Merrylands itself is showing figures that indicate -4.28% is the average achievable by property buyers investing in the suburb.
Situated 19.10km from the CBD, Merrylands is one of Holroyd localities in the postcode 2160.
If you compare the increase in value of investment property in Merrylands, 2160 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this NSW suburb was 6.12%.
If we look at median property appreciation over just the last three months, Merrylands has given property investors a paper return of 0.97%. This puts Suburb as 277 on a list of fastest fasting appreciating suburbs in NSW
Our latest figures would indicate that property sellers in Merrylands are currently offering property investors an average price cut of -4.64% below the asking price at the moment.
With the median price for a house in Merrylands being $520000 and the advertised rent reaching $420 the gross rental yield for property investors calculates out to be 4.20%