Mortdale, 2223 ranked 331th in NSW when comparing growth in median property values or capital gain over the last 12 months. Mortdale is one of 3163 in our list for NSW
When looking at the potential capital gains offered to property investors over the last 3 years, Mortdale comes in at number 721th in NSW.
Property investors should expect to get $600 weekly from the median priced house in this suburb.
Investment property in Mortdale has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -1.16%
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 buyers and investors in Mortdale 2223 should be seeing an average reduction in asking price of around -2.85% . This means that Mortdale is holding prices well when compared to other suburbs in NSW.
Renters in Suburb are facing rents around $21320 per annum or $410 every week.
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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.