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 1.09%
When looking at the potential capital gains offered to property investors over the last 3 years, Mortdale comes in at number 756th in NSW.
Property buyers and investors in Mortdale 2223 should be seeing an average reduction in asking price of around -5.49% . This means that Mortdale is holding prices well when compared to other suburbs in NSW.
Mortdale, 2223’s gross rental yield is 3.04%
At number 1234th in the list of Australian suburbs ordered by increase in median house value over the last year, Mortdale, 2223 is in the BOTTOM 30% with a property value increase of -1.67% recorded in median house prices.
When looking at the potential capital gains offered to property investors over the last 3 years, Mortdale comes in at number 399th in NSW.
LACK OF BUYER INTEREST may well be the reason that Mortdale is offering property investors an average of -4.26. This rate of discount on properties puts Suburb at number 169th in terms of most discounted suburbs in NSW
With the median price for a house in Mortdale being $590000 and the advertised rent reaching $420 the gross rental yield for property investors calculates out to be 3.70%