Giving property investors a a solid capital gain of 13.49% for the last year, Mortdale, 2223 is the 820th highest performer in Australia in this respect.
Mortdale,2223 has offered an average of 13.49% return per annum in house price rises to property investors over the last three years.
Situated 16.67km from the CBD, Mortdale is one of Georges River (A) localities in the postcode 2223.
Mortdale is an average performer in NSW when comparing median price capital growth over the last year. Mortdale gave property investors a average capital gain figure when compared to the rest of the state, with 4.80%.
The five-year average increase in median property values for Mortdale,2223 has given property investors a potential capital gain of 1.28% across each of those five years.
Property investors looking for a bargain in Mortdale should be aiming for at least -3.06% off the asking price, which is the average vendor discount being achieved at the moment.
In the last year 74 properties changed hands in Mortdale, which puts it as the 189th most active market in NSW when comparing the number of sales per suburb.
The NSW suburb of Mortdale, 2223 is in the Georges River (A) local government area.
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Mortdale, NSW – Vacancies plummet
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.