A steady increase in median property prices over a five-year period in the suburb translates to a 42.82% capital gain.
Property investors in MARRICKVILLE enjoyed capital gains of 1.96% over the last 12 months translating to lower returns compared with its peers in the territory.
The suburb also 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 $1,432,500.
Profits due to an upward trend in home prices there averaged 14.27% per annum over a 3-year period.
Home owners selling their properties and realtors in MARRICKVILLE usually have to wait an average of 56.5 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $790 mark, reflecting a 2.87% increase in returns based on the current median price in MARRICKVILLE.
MARRICKVILLE, 2204 places 1093rd in Australia based on median property value growth during the quarter.
Property investors in MARRICKVILLE enjoyed capital gains of 5.71% over the last 12 months translating to lower returns compared with its peers in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in MARRICKVILLE are low, as opposed to average gains per annum over the past five years.
MARRICKVILLE posted a 18.4% growth in median prices over a three-year period. This is considerably higher than the gains it recorded over the past year.
Real estate investors could earn a rental income of $500 based on current median home prices for the suburb.
Average weekly rents on listings have reached the $500 mark, reflecting a 3.51% increase in returns based on the current median price in MARRICKVILLE.
MARRICKVILLE, 2204 ranks 247th in NSW in terms of median property value increase and capital gains, based on year-to-date figures.
MARRICKVILLE ranks 444th on the list of best yielding suburbs for rental properties in NSW, posting a 3.51% return.
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