Suburb Profile Report for Marrickville NSW (2204)

Marrickville House: Median price $1,322,500, Annual capital growth 8.49%, Number of sales 250, Weekly median advertised rent $790

Marrickville Unit: Median price $691,500, Annual capital growth 7.81%, Number of sales 231, Weekly median advertised rent $500

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

Source: Monthly data update for Apr 2019 as supplied by CoreLogic. Data is reported to the period ending Jan 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Property value increases in Marrickville have tracked lower than the NSW average of 1.39% over the last 12 months.

Taking the average capital gain, or increase in median house value, Marrickville,2204 has racked up an average of -10.64% over the period. This ranks it number 2444th in the whole country for real estate investors looking at median house price increases.

Vendor discounting in Marrickville is giving property investors an average Vendor Discount of around -16.67%. This puts suburb at number 45th in NSW when ranking the most discounted suburbs.

Situated 6.77km from the CBD, Marrickville is one of Inner West (A) localities in the postcode 2204.

Over the last year, property investments in Marrickville, 2204 have given investors a capital gain of -4.05%. This compares badly with the 0.24% 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.

Property buyers and investors in Marrickville 2204 should be seeing an average reduction in asking price of around -2.18% . This means that Marrickville is holding prices well when compared to other suburbs in NSW.

Often selling an investment property can take time, and in Marrickville the average time real estate has been on the market is 53.25 days.

Metrics i HOUSE UNIT
$1,322,500 $691,500
-2.76% -2.61%
-10.64% -7.80%
8.49% 7.81%
$790 $500
250 231
3.11% 3.76%
51.585712 45.564705

Source: Monthly data update for Apr 2019 as supplied by CoreLogic. Data is reported to the period ending Jan 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), 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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