Marrickville snapshot
- Median price: $1,532,925
- Median weekly rent: $938/wk
- Population: 26,600
- Days on market: 38 days
How Marrickville stacks up
- Rental Yield: Moderate
- Capital Growth: Moderate
- Vacancy: High
About Marrickville
Marrickville, located in NSW, is an appealing suburb for property investors due to its moderate capital growth potential. With a median property price of $1,532,925, it represents a solid investment opportunity in a vibrant community of approximately 26,600 residents. The suburb's diverse culture and amenities contribute to its desirability, making it a sought-after location for both families and young professionals.
While the rental vacancy rate is currently high, the median weekly rent stands at $938, indicating a steady demand for rental properties. Investors can expect a moderate rental yield, suggesting that while the competition may be high, there is still potential for consistent rental income. With properties typically spending around 38 days on the market, Marrickville offers a dynamic real estate environment for those looking to invest in a growing suburb.
Frequently asked questions
What is the median property price in Marrickville?
The median property price in Marrickville is $1,532,925.
How much is the average weekly rent?
The median weekly rent in Marrickville is $938.
What is the population of Marrickville?
Marrickville has a population of approximately 26,600.
How long do properties typically stay on the market?
Properties in Marrickville typically stay on the market for around 38 days.
What is the current rental vacancy situation?
The rental vacancy rate in Marrickville is currently high.