Suburb Profile Report for Mortdale NSW (2223)

Mortdale House: Median price $1,200,000, Annual capital growth 8.74%, Number of sales 81, Weekly median advertised rent $675

Mortdale Unit: Median price $597,250, Annual capital growth 7.40%, Number of sales 92, Weekly median advertised rent $430

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales
TOP 100 suburbs

Source: CoreLogic

  • House Report
  • Unit Report

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%

Metrics i HOUSE UNIT
$1,200,000 $597,250
4.35% 1.23%
16.79% -0.13%
8.74% 7.40%
$675 $430
81 92
2.93% 3.74%
50.51 31.92

Source: CoreLogic

DSR Score for property investment : Very good (H), Very good (U)
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Demographics
Total population 9701
Median household income ($/weekly) 1392
Median age of persons 36
Median housing loan repayment ($/monthly) 2100
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 1002 10.3
    25-34 years 1786 18.4
    35-44 years 1518 15.6
    45-54 years 1353 13.9
    55-64 years 1012 10.4
    Others 3031 31.2
    Age Group
    Census Count Percent(%)
    Registered Married 3743 49.8
    Not Married 3242 43.1
    Defacto Relationship 534 7.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 5945 63.6
    Croatia 703 7.5
    Germany 257 2.7
    United Kingdom 290 3.1
    Other 641 6.9
    Others 1516 16.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 315 3.4
    Christianity 6374 69.8
    Hinduism 251 2.7
    Islam 279 3.1
    No Religion 1835 20.1
    Others 78 0.9
    Religious Affiliation
  • Census Count Percent(%)
    $800-$999 302 8.8
    $1,000-$1,249 345 10.1
    $1,500-$1,999 511 14.9
    $2,000-$2,499 339 9.9
    $2,500-$2,999 319 9.3
    Others 1606 46.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3493 45.1
    Not in the labour force 2426 31.3
    Employed, worked part-time 1268 16.4
    Employed, away from work 294 3.8
    Unemployed, looking for work 271 3.5
    Person Characteristics
  • Census Count Percent(%)
    Managers 584 11.6
    Professionals 1224 24.2
    Technicians & trades workers 595 11.8
    Community & personal service workers 507 10.0
    Clerical & administrative workers 974 19.3
    Others 1169 23.1
    Occupation
    Census Count Percent(%)
    Pre-school 172 8.3
    Infants/Primary 656 31.6
    Secondary 488 23.5
    Technical or Further Educational Institution 219 10.6
    University or other Tertiary Institutions 463 22.3
    Others 75 3.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5006 53.9
    Flat, unit or apartment 2883 31.0
    Semi-detached, row or terrace house, townhouse 1318 14.2
    House or flat attached to a shop, office 85 0.9
    Caravan, cabin, houseboat 3 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1290 35.0
    Rented 1229 33.4
    Fully owned 1152 31.3
    Other tenure type 14 0.4
    Tenure Type
Census 2011, ABS
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