Suburb Profile Report for Mortdale NSW (2223)

Mortdale House: Median price $1,255,000, Annual capital growth 6.33%, Number of sales 75, Weekly median advertised rent $583

Mortdale Unit: Median price $620,000, Annual capital growth 4.98%, Number of sales 98, Weekly median advertised rent $380

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales
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Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

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Over the last year, property investments in Mortdale, 2223 have given investors a capital gain of 6.36%. This compares very badly with the 14.73% for NSW as a whole.

Across a shorter period, Mortdale, 2223 has seen a median price increase of 2.37% over the last quarter.

On average over the past year, suburb has had 6.25 sales per month, which equates to 75 per year.

Using the current median advertised rental of $582.5 and the average annual increase in value of a median property of 6.33%, investors should hope to achieve an overall return of 2.41%

Property value increases in Mortdale have tracked close to the NSW average of 7.34% over the last 12 months.

A 3.33% growth in median value for property investors in Mortdale,2223 puts this suburb at number 368th in terms of best performing suburbs in NSW

The most recent median price for Mortdale is $620000, with sellers offering an average of -2.61% off the asking price.

Residents and property investors in Mortdale have been waiting around 51.0893 days to sell a property.

Renters in Suburb are facing rents around $19760 per annum or $380 every week.

Information supplied by:




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Mortdale, NSW – Vacancies plummet

Postcode: 2223

Median house price: $1,073,000

Vacancy rate: 1.3%

Three-year growth: 1.2%

Drive around 45 minutes south of the Sydney CBD, and you’ll reach the suburb of Mortdale in the St George district. While it is mainly residential, it is well supported by commercial establishments and industrial developments. Mortdale’s streets also share names with those in the CBD.

There are several schools in the suburb, including Mortdale Public School, Marist College Penshurst and Carinya Special School. Mortdale Memorial Park is a historical landmark and a well-known open space – it is one among the suburb’s many parks. Georges River, Lime Kiln Bay and Dairy Creek border the suburb as well.

In the past 12 months to July 2019, prices have fallen along with rental vacancies.

Metrics i HOUSE UNIT
$1,255,000 $620,000
2.37% 1.22%
6.36% 4.03%
6.33% 4.98%
$583 $380
75 98
2.41% 3.19%
47.5882352941177 51.0892857142857

Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), 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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