Based on its average 5-year and quarterly capital gains MERRYLANDS, 2160 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 MERRYLANDS, 2160 obtained a 8.99% growth over a ten-year period. It ranks 189th on our list of suburbs that property investors should look into.
MERRYLANDS, 2160 in NSW belongs to the local government area of Holroyd.
MERRYLANDS, 2160 has a capital gain of 7.09% for the past year, which is lower than average compared to its 76.47% growth within a five-year period.
With the median home price in MERRYLANDS sitting at $900,000, and the average rent at $520, property owners could potentially earn a 3% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in MERRYLANDS are low, as opposed to average gains per annum over the past five years.
A steady increase in median property prices over a five-year period in MERRYLANDS, 2160 translates to a 12.86% capital gain.
MERRYLANDS, 2160 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $505,000.
Profits due to an upward trend in home prices in MERRYLANDS, 2160 averaged 4.29% per annum over a 3-year period.
Home owners selling their properties and realtors in MERRYLANDS usually have to wait an average of 74.0 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $420 mark, reflecting a 4.32% increase in returns based on the current median price in MERRYLANDS.
MERRYLANDS, 2160 places 284th in Australia based on median property value growth during the quarter.