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 4.55%
A 25.00% growth in median value for property investors in Mortdale,2223 puts this suburb at number 139th in terms of best performing suburbs in NSW
Our latest figures would indicate that property sellers in Mortdale are currently offering property investors an average price cut of -5.11% below the asking price at the moment.
Mortdale, 2223’s gross rental yield is 2.94%
Property investors who have had real estate in Mortdale, 2223 should be relatively unhappy with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -4.99%
The five-year average increase in median property values for Mortdale,2223 has given property investors a potential capital gain of 6.31% across each of those five years.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.74% offered to property buyers. Sellers in Mortdale itself are offering an average vendor discount of -4.69% to real estate investors.
Advertised rents are around the $430 mark per week – giving a return of 3.79% based on the median price in Suburb
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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.