With a capital gain of -9.01% for the last 12 months, Mortdale, 2223 has performed for property investments than its average annual 6.49% 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 1103th in NSW.
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 -4.78% is being offered, which puts this NSW suburb at 2629th most discounted overall in Australia.
Residents and property investors in Mortdale have been waiting around 57.8286 days to sell a property.
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 -6.35%
Across a shorter period, Mortdale, 2223 has seen a median price increase of -0.84% over the last quarter.
Mortdale2223 is located in NSW which offers an average discount of -6.37% to property investors. Mortdale itself is showing figures that indicate -5.76% is the average achievable by property buyers investing in the suburb.
Mortdale is 358th on a list of best yielding suburbs for rents in NSW with a 3.79% return
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Mortdale, NSW – Vacancies plummet
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.