Giving property investors a an average capital gain of 5.50% for the last year, Mortdale, 2223 is the 2038th highest performer in Australia in this respect.
Taking the average capital gain, or increase in median house value, Mortdale,2223 has racked up an average of 5.50% over the period. This ranks it number 701th in the whole country for real estate investors looking at median house price increases.
Property buyers and investors in Mortdale 2223 should be seeing an average reduction in asking price of around -12.24% . This means that Mortdale is holding prices well when compared to other suburbs in NSW.
With the median price for a house in Mortdale being $1055000 and the advertised rent reaching $580 the gross rental yield for property investors calculates out to be 2.86%
Property investors who have had real estate in Mortdale, 2223 should be relatively unhappy with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 0.17%
A 52.99% growth in median value for property investors in Mortdale,2223 puts this suburb at number 280th 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 -4.45. This rate of discount on properties puts Suburb at number 178th in terms of most discounted suburbs in NSW
Using the current median advertised rental of $420 and the average annual increase in value of a median property of 6.88%, investors should hope to achieve an overall return of 3.64%