Property Market Update: Melbourne, September 2021
Melbourne’s property market kept the ball rolling in September as the city’s dwelling values rose once more during t...
Based on its average 5-year and quarterly capital gains MARSFIELD, 2122 saw average growth in the long term.
A survey of average capital gains or median home price increase in suburbs across the country shows that MARSFIELD, 2122 obtained a 9.13% growth over a ten-year period. It ranks 146th on our list of suburbs that property investors should look into.
MARSFIELD, 2122 in NSW belongs to the local government area of Ryde (C).
MARSFIELD, 2122 has a capital gain of 12.51% for the past year, which is higher than average compared to its 21.08% growth within a five-year period.
With the median home price in MARSFIELD sitting at $1,955,500, and the average rent at $710, property owners could potentially earn a 1.89% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in MARSFIELD are high, as opposed to average gains per annum over the past five years.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||12.51%||1.22%|
|Median 3 years||18.52%||3.11%|
|Median 5 years||21.08%||7.1%|
|10 years average annual||9.13%||4.88%|
|Weekly media advert. rent||$710||$470|
|Time on Market||69.7 days||46.1 days|
|Gross Rental Yield Percent||1.89%||2.94%|