Investment property in Mortdale has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 15.57%
When looking at the potential capital gains offered to property investors over the last 3 years, Mortdale comes in at number 584th in NSW.
LACK OF BUYER INTEREST may well be the reason that Mortdale is offering property investors an average of -5.24. This rate of discount on properties puts Suburb at number 801th in terms of most discounted suburbs in NSW
Often selling an investment property can take time, and in Mortdale the average time real estate has been on the market is 31.3 days.
Mortdale is 854th on a list of best yielding suburbs for rents in NSW with a 2.89% return
Property investors who have had real estate in Mortdale, 2223 should be ok 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 3.39%
If we look at median property appreciation over just the last three months, Mortdale has given property investors a paper return of 2.91%. This puts Suburb as 156 on a list of fastest fasting appreciating suburbs in NSW
Property investors looking for a bargain in Mortdale should be aiming for at least -3.17% off the asking price, which is the average vendor discount being achieved at the moment.
In the last year 85 properties changed hands in Mortdale, which puts it as the 180th most active market in NSW when comparing the number of sales per suburb.
Property investors should expect to get $430 weekly from the median priced house in this suburb.