With a capital gain of 4.36% for the last 12 months, Marrickville, 2204 has performed for property investments than its average annual 7.25% property growth over the last 5 years.
A 17.62% growth in median value for property investors in Marrickville,2204 puts this suburb at number 1222th in terms of best performing suburbs in NSW
Vendor discounting in Marrickville is giving property investors an average Vendor Discount of around -7.03%. This puts suburb at number 83th in NSW when ranking the most discounted suburbs.
On average over the past year, suburb has had 16.67 sales per month, which equates to 200 per year.
Using the current median advertised rental of $740 and the average annual increase in value of a median property of 7.25%, investors should hope to achieve an overall return of 2.68%
If you compare the increase in value of investment property in Marrickville, 2204 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this NSW suburb was 5.70%.
While Marrickville,2204 ranked number 445th in NSW for increase in median house value (annualised) increase, it is ranked 182th over the last 5 years.
The most recent median price for Marrickville is $811250, with sellers offering an average of -3.81% off the asking price.
Situated 7.07km from the CBD, Marrickville is one of Inner West (A) localities in the postcode 2204.