With a capital gain of -1.56% for the last 12 months, Mortdale, 2223 has performed for property investments than its average annual 8.35% property growth over the last 5 years.
When looking at the potential capital gains offered to property investors over the last 3 years, Mortdale comes in at number 1199th in NSW.
The most recent median price for Mortdale is $1196000, with sellers offering an average of -15.66% off the asking price.
At number 1066th in the list of Australian suburbs ordered by increase in median house value over the last year, Mortdale, 2223 is in the BOTTOM 40% with a property value increase of -3.08% recorded in median house prices.
The five-year average increase in median property values for Mortdale,2223 has given property investors a potential capital gain of 36.96% across each of those five years.
Property investors looking for a bargain in Mortdale should be aiming for at least -7.64% off the asking price, which is the average vendor discount being achieved at the moment.
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%