Giving property investors a an unimpressive capital gain of -3.11% for the last year, Marrickville, 2204 is the 3275th highest performer in Australia in this respect.
If we look at median property appreciation over just the last three months, Marrickville has given property investors a paper return of -0.04%. This puts Suburb as 700 on a list of fastest fasting appreciating suburbs in NSW
Property investors looking for a bargain in Marrickville should be aiming for at least -7.09% off the asking price, which is the average vendor discount being achieved at the moment.
Using the current median advertised rental of $790 and the average annual increase in value of a median property of 9.11%, investors should hope to achieve an overall return of 2.93%
Giving property investors a an average capital gain of -0.34% for the last year, Marrickville, 2204 is the 1021th highest performer in Australia in this respect.
While Marrickville,2204 ranked number 287th in NSW for increase in median house value (annualised) increase, it is ranked 255th over the last 5 years.
Sellers are offering property buyers an average discount of -4.80% to buyers in Marrickville at the moment, which is less than average for the rest of NSW.