Investment property in Mortdale has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 11.11%
Mortdale,2223 has offered an average of 11.11% return per annum in house price rises to property investors over the last three years.
LACK OF BUYER INTEREST may well be the reason that Mortdale is offering property investors an average of -5.49. This rate of discount on properties puts Suburb at number 607th in terms of most discounted suburbs in NSW
At number 1043 in a list of fastest selling suburbs, Mortdale is in the TOP 30% of suburbs in Australia with an average of days on market 54.76 for properties listed there.
Using the current median advertised rental of $650 and the average annual increase in value of a median property of 8.61%, investors should hope to achieve an overall return of 2.70%
With a capital gain of 9.82% for the last 12 months, Mortdale, 2223 has performed for property investments than its average annual 7.96% property growth over the last 5 years.
While Mortdale,2223 ranked number 351th in NSW for increase in median house value (annualised) increase, it is ranked 229th over the last 5 years.
Sellers are offering property buyers an average discount of -2.90% to buyers in Mortdale at the moment, which is less than average for the rest of NSW.