Giving property investors a a poor capital gain of -13.03% for the last year, Mortdale, 2223 is the 3721th highest performer in Australia in this respect.
Over the longer term, Mortdale has seen property prices show investors a -4.01% return over the last 3 years. This is worse than over the last 12 months
Mortdale2223 is located in NSW which offers an average discount of -7.32% to property investors. Mortdale itself is showing figures that indicate -5.21% is the average achievable by property buyers investing in the suburb.
At number 525 in a list of fastest selling suburbs, Mortdale is in the TOP 20% of suburbs in Australia with an average of days on market 55.75 for properties listed there.
Investment property in Mortdale has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -8.08%
Mortdale,2223 was ranked 1280 in Australia by increase in median property value over the quarter.
Our latest figures would indicate that property sellers in Mortdale are currently offering property investors an average price cut of -6.08% below the asking price at the moment.
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.