At number 2906th in the list of Australian suburbs ordered by increase in median house value over the last year, Marrickville, 2204 is in the BOTTOM 30% with a property value increase of -5.80% recorded in median house prices.
While Marrickville,2204 ranked number 340th in NSW for increase in median house value (annualised) increase, it is ranked 361th over the last 5 years.
Our latest figures would indicate that property sellers in Marrickville are currently offering property investors an average price cut of -5.05% below the asking price at the moment.
Using the current median advertised rental of $750 and the average annual increase in value of a median property of 8.33%, investors should hope to achieve an overall return of 3.00%
Over the last year, property investments in Marrickville, 2204 have given investors a capital gain of -8.78%. This compares badly with the -3.67% for NSW as a whole.
Over the longer term, Marrickville has seen property prices show investors a 4.45% return over the last 3 years. This is worse than over the last 12 months
Vendor discounting in Marrickville is giving property investors an average Vendor Discount of around -4.94%. This puts suburb at number 294th in NSW when ranking the most discounted suburbs.
Advertised rents are around the $500 mark per week – giving a return of 3.85% based on the median price in Suburb