Giving property investors a a solid capital gain of 16.79% for the last year, Mortdale, 2223 is the 696th highest performer in Australia in this respect.
Mortdale,2223 was ranked 841 in Australia by increase in median property value over the quarter.
Sellers are offering property buyers an average discount of -4.20% to buyers in Mortdale at the moment, which is less than average for the rest of NSW.
At number 791 in a list of fastest selling suburbs, Mortdale is in the TOP 30% of suburbs in Australia with an average of days on market 50.51 for properties listed there.
Using the current median advertised rental of $675 and the average annual increase in value of a median property of 8.74%, investors should hope to achieve an overall return of 2.92%
Investment property in Mortdale has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -0.13%
A 45.67% growth in median value for property investors in Mortdale,2223 puts this suburb at number 297th in terms of best performing suburbs in NSW
LACK OF BUYER INTEREST may well be the reason that Mortdale is offering property investors an average of -4.13. This rate of discount on properties puts Suburb at number 256th in terms of most discounted suburbs in NSW
With the median price for a house in Mortdale being $597250 and the advertised rent reaching $430 the gross rental yield for property investors calculates out to be 3.74%