Mortdale has had a quite poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of 3.77% to date .
Mortdale,2223 was ranked 957 in Australia by increase in median property value over the quarter.
The most recent median price for Mortdale is $1100000, with sellers offering an average of -9.67% off the asking price.
Mortdale is 914th on a list of best yielding suburbs for rents in NSW with a 2.93% return
NSW has seen average median house prices change by 5.73% which means that Mortdale, 2223 has done well for property investors by showing a capital gain of -4.02% over the last year
Across a shorter period, Mortdale, 2223 has seen a median price increase of -0.76% over the last quarter.
LACK OF BUYER INTEREST may well be the reason that Mortdale is offering property investors an average of -4.41. This rate of discount on properties puts Suburb at number 122th in terms of most discounted suburbs in NSW
On average over the past year, suburb has had 10.17 sales per month, which equates to 122 per year.
Renters in Suburb are facing rents around $5040 per annum or $420 every week.