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 -7.02%
Across a shorter period, Marrickville, 2204 has seen a median price increase of -1.09% over the last quarter.
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.17% offered to property buyers. Sellers in Marrickville itself are offering an average vendor discount of -16.67% to real estate investors.
With the median price for a house in Marrickville being $1357500 and the advertised rent reaching $800 the gross rental yield for property investors calculates out to be 3.06%
Marrickville, 2204 ranked 423th in NSW when comparing growth in median property values or capital gain over the last 12 months. Marrickville is one of 3163 in our list for NSW
Marrickville,2204 has offered an average of -3.27% return per annum in house price rises to property investors over the last three years.
Property investors looking for a bargain in Marrickville should be aiming for at least -2.39% off the asking price, which is the average vendor discount being achieved at the moment.
The NSW suburb of Marrickville, 2204 is in the Inner West (A) local government area.