Mortdale has had a pretty average year for property investment returns compared to the rest of NSW, giving investors a capital gain of 8.49% to date .
Comparing Mortdale,2223 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.28% offered to property buyers. Sellers in Mortdale itself are offering an average vendor discount of -4.83% to real estate investors.
If you compare the increase in value of investment property in Mortdale, 2223 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was -1.67%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Mortdale has increased when compared to the 5 year average annual rate.
LACK OF BUYER INTEREST may well be the reason that Mortdale is offering property investors an average of -4.16. This rate of discount on properties puts Suburb at number 142th in terms of most discounted suburbs in NSW
Residents and property investors in Mortdale have been waiting around 32.76 days to sell a property.
Advertised rents are around the $430 mark per week – giving a return of 3.79% based on the median price in Suburb