Over the last year, property investments in Mortdale, 2223 have given investors a capital gain of -4.32%. This compares badly with the 2.31% for NSW as a whole.
Mortdale,2223 was ranked 3590 in Australia by increase in median property value over the quarter.
Vendor discounting in Mortdale is giving property investors an average Vendor Discount of around -15.66%. This puts suburb at number 59th in NSW when ranking the most discounted suburbs.
At number 2052 in a list of fastest selling suburbs, Mortdale is just in the top half of suburbs in Australia with an average of days on market 68.25 for properties listed there.
Mortdale has had a pretty good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 3.28% to date .
Taking the average capital gain, or increase in median house value, Mortdale,2223 has racked up an average of 3.28% over the period. This ranks it number 1071th in the whole country for real estate investors looking at median house price increases.
At number 174th of NSW’s most discounted properties, Mortdale is in the bottom 40% of the state/territory when listing in order of most discounted to least.
With the median price for a house in Mortdale being $630000 and the advertised rent reaching $450 the gross rental yield for property investors calculates out to be 3.71%