With a capital gain of 3.15% for the last 12 months, Mortdale, 2223 has performed for property investments than its average annual 8.00% property growth over the last 5 years.
Across a shorter period, Mortdale, 2223 has seen a median price increase of 1.74% over the last quarter.
Property buyers and investors in Mortdale 2223 should be seeing an average reduction in asking price of around -8.93% . This means that Mortdale is holding prices well when compared to other suburbs in NSW.
Advertised rents are around the $650 mark per week – giving a return of 3.03% based on the median price in Suburb
Over the last year, property investments in Mortdale, 2223 have given investors a capital gain of -0.75%. This compares badly with the 6.07% for NSW as a whole.
A 42.96% growth in median value for property investors in Mortdale,2223 puts this suburb at number 256th in terms of best performing suburbs in NSW
Vendor discounting in Mortdale is giving property investors an average Vendor Discount of around -5.25%. This puts suburb at number 120th in NSW when ranking the most discounted suburbs.
In the last year 117 properties changed hands in Mortdale, which puts it as the 135th most active market in NSW when comparing the number of sales per suburb.