Mortdale has had a quite poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of -10.32% to date .
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Mortdale has increased when compared to the 5 year average annual rate.
Property investors looking for a bargain in Mortdale should be aiming for at least -6.36% off the asking price, which is the average vendor discount being achieved at the moment.
If you compare the increase in value of investment property in Mortdale, 2223 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was -6.47%.
Over the longer term, Mortdale has seen property prices show investors a 0.38% return over the last 3 years. This is worse than over the last 12 months
LACK OF BUYER INTEREST may well be the reason that Mortdale is offering property investors an average of -6.83. This rate of discount on properties puts Suburb at number 194th in terms of most discounted suburbs in NSW
Advertised rents are around the $440 mark per week – giving a return of 3.84% based on the median price in Suburb