Investment property in Mortdale has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 10.69%
While Mortdale,2223 ranked number 402th in NSW for increase in median house value (annualised) increase, it is ranked 1010th over the last 5 years.
Property buyers and investors in Mortdale 2223 should be seeing an average reduction in asking price of around -3.52% . This means that Mortdale is holding prices well when compared to other suburbs in NSW.
Situated 16.74km from the CBD, Mortdale is one of Georges River (A) localities in the postcode 2223.
Property value increases in Mortdale have tracked lower than the NSW average of 9.41% over the last 12 months.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Mortdale has stayed pretty constant when compared to the 5 year average annual rate.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Mortdale, 2223. Typically our figures indicate that 0.00% is being offered, which puts this NSW suburb at 1023th most discounted overall in Australia.
The NSW suburb of Mortdale, 2223 is in the Georges River (A) local government area.
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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.