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Marrickville, NSW 2204

Home » NSW Real Estate Data » Inner West Council, NSW » Marrickville, NSW 2204

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Marrickville, NSW 2204 located in Sydney to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

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Rent 

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Yield 

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Buy 

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Rent 

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Marrickville, NSW 2204”

  1. The total adult population (15 years or older) of Marrickville 2204 NSW is 23,012, with a median age of 37. Of those, 32.33% are married, 10.67% are divorced or separated, 53.04% are single and 3.98% are widowed.

    The average household size is 2.3 people per dwelling, and the median household monthly income is estimated to be $10,856. The median monthly mortgage repayment for households in this suburb is $2,600 which is 23.95% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Marrickville 2204 is situated in NSW, comprised of approximately 14,368 households. As of Q3 2023, housing prices in Marrickville stood typically at $1,939,063. With a median weekly rental rate of $923, this creates an indicative yield of 2.48% for homeowners.

    Despite this yield being below the minimum attractive market requirement of 3% for cashflow-centered property investors, other factors contribute to the appeal of the area. Marrickville boasts an IRSAD score of 1087 out of 1217, indicating a relatively high socio-economic status within the resident population.

    However, the renter to owner ratio in Marrickville is fairly high, standing at 47%. This statistic suggests that the market may be oversaturated with rental properties, presenting lower yield potentials in the long term due to the risk of high competition between property investors.

    The suburb’s units to houses ratio lurks at 48%, which is within the favourable range. This means that the lower proportion of units can lead to less competition among landlords for tenants, and thereby helping to maintain higher rental yields. Suburbs with more houses over units generally attract more long-term tenants, such as families.

    The affordability index for houses in Marrickville is relatively high, at 70 years. This indicates that it would theoretically take 70 years for a resident to completely own a property, based on factors such as current interest rates, median family income, and typical property prices in Marrickville.

    The suburb’s property market is characterised by a low supply scenario given its stock on market Percentage of 0.08% for houses. Additionally, an inventory level of 0.44 months and a building approvals ratio of 0.11% further corroborate the limited housing supply in Marrickville.

    Properties in Marrickville tend to sell fairly quickly, with an average days on market (DoM) measurement of only 16 days. Moreover, the vacancy rate, which combines both houses and units, is relatively low (1.13%), indicating higher demand in the area. Nevertheless, the buy search index for houses stands at 4, depicting a moderate demand for buying properties.

    Overall, Marrickville 2204 presents a mixed bag when it comes to property investment potential. While the yield and affordability may not seem overly attractive, the socio-economic status, and the supply-demand dynamics in the area can offer some appeal. As with any property investment decision, it is crucial to consider a range of factors in order to make an informed choice. Always refer to comprehensive metrics such as HtAG Analytics’ Relative Composite Score (RCS) to evaluate more than 80 different factors.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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