Property investors who have had real estate in Marrickville, 2204 should be unhappy with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -3.42%
Over the longer term, Marrickville has seen property prices show investors a 30.13% return over the last 3 years. This is worse than over the last 12 months
Property buyers and investors in Marrickville 2204 should be seeing an average reduction in asking price of around -7.09% . This means that Marrickville is holding prices well when compared to other suburbs in NSW.
Using the current median advertised rental of $790 and the average annual increase in value of a median property of 8.96%, investors should hope to achieve an overall return of 2.97%
Over the last year, property investments in Marrickville, 2204 have given investors a capital gain of 2.71%. This compares averagely with the 2.79% for NSW as a whole.
If we look at median property appreciation over just the last three months, Marrickville has given property investors a paper return of -0.14%. This puts Suburb as 248 on a list of fastest fasting appreciating suburbs in NSW
Sellers are offering property buyers an average discount of -4.76% to buyers in Marrickville at the moment, which is less than average for the rest of NSW.
In the last year 183 properties changed hands in Marrickville, which puts it as the 57th most active market in NSW when comparing the number of sales per suburb.
A $505 per week rent on the median house gives suburb investors a gross yield of circa 3.55%, without taking into account capital value appreciation, which has been averaging out at 8.90%.