Property investors who have had real estate in Mortdale, 2223 should be unhappy with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -12.76%
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.
Over the last year, property investments in Mortdale, 2223 have given investors a capital gain of -7.21%. This compares badly with the -3.83% for NSW as a whole.
Across a shorter period, Mortdale, 2223 has seen a median price increase of -1.97% over the last quarter.
Our latest figures would indicate that property sellers in Mortdale are currently offering property investors an average price cut of -7.16% below the asking price at the moment.
Often selling an investment property can take time, and in Mortdale the average time real estate has been on the market is 71.2344 days.
With the median price for a house in Mortdale being $598000 and the advertised rent reaching $440 the gross rental yield for property investors calculates out to be 3.83%