Marrickville has had a very poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of 3.65% to date .
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.
LACK OF BUYER INTEREST may well be the reason that Marrickville is offering property investors an average of -4.65. This rate of discount on properties puts Suburb at number 212th in terms of most discounted suburbs in NSW
In the last year 204 properties changed hands in Marrickville, which puts it as the 86th most active market in NSW when comparing the number of sales per suburb.
Using the current median advertised rental of $720 and the average annual increase in value of a median property of 7.46%, investors should hope to achieve an overall return of 2.51%
Giving property investors a a poor capital gain of -6.54% for the last year, Marrickville, 2204 is the 1449th highest performer in Australia in this respect.
Taking the average capital gain, or increase in median house value, Marrickville,2204 has racked up an average of -6.54% over the period. This ranks it number 1396th in the whole country for real estate investors looking at median house price increases.
Property investors looking for a bargain in Marrickville should be aiming for at least -3.43% off the asking price, which is the average vendor discount being achieved at the moment.
In the last year 198 properties changed hands in Marrickville, which puts it as the 65th most active market in NSW when comparing the number of sales per suburb.