Mortdale is in the bottom 20% in NSW when comparing median price capital growth over the last year. Mortdale gave property investors a dismal capital gain figure when compared to the rest of the state, with -1.36%.
Comparing Mortdale,2223 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Property buyers and investors in Mortdale 2223 should be seeing an average reduction in asking price of around -9.67% . This means that Mortdale is holding prices well when compared to other suburbs in NSW.
Property investors should expect to get $600 weekly from the median priced house in this suburb.
NSW has seen average median house prices change by 5.59% which means that Mortdale, 2223 has done well for property investors by showing a capital gain of -2.58% over the last year
Across a shorter period, Mortdale, 2223 has seen a median price increase of -2.26% over the last quarter.
Property investors looking for a bargain in Mortdale should be aiming for at least -5.18% off the asking price, which is the average vendor discount being achieved at the moment.