Marrickville NSW 2204: Property Market Report & Real Estate Insights

Part of Inner West, NSW

Marrickville Real Estate Market Outlook

Thinking about buying in Marrickville? Now could not be a better time, with 18203 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,684,000 with prices in this suburb ranging from $18,000 to $33,269,000. Marrickville is located fairly close to the coast at just 2Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Living in Marrickville

Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. Incomes in Marrickville are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. The high percentage of professional people in Marrickville classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. High density population in Marrickville requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.

Instant Property Valuation

Marrickville is a suburb of Sydney, New South Wales, located just 7 kilometres from the central business district. Marickville is bounded by the Cooks River to the south-east, and is an incredibly diverse suburb in terms of lifestyle and character, with regions across the suburb ranging between low and high density residential, commercial and industrial areas. Officially gazetted in 1861, schools and a post office quickly opened in 1864 and 1865 respectively, with a railway line running through the suburb being completed 30 years later. In recent years, Marrickville has undergone a deal of gentrification, becoming something of a hub for the arts and seeing a growing number of emerging eateries and shops of varying styles.

The diversity of the suburb in terms of industry and residential areas provide a mixture of local jobs and accommodation, making it an excellent place to live in terms of work. Additionally, proximity to the centre of Sydney and excellent connections therein by rail and road make it a hub for those who regularly commute into the central business district. The convenience and variety offered by the suburb, coupled with the vibrancy of the culture found threaded throughout the area make it a wonderful place to own property.

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