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.