Over the last year, property investments in Mortdale, 2223 have given investors a capital gain of 6.36%. This compares very badly with the 14.73% for NSW as a whole.
Across a shorter period, Mortdale, 2223 has seen a median price increase of 2.37% over the last quarter.
On average over the past year, suburb has had 6.25 sales per month, which equates to 75 per year.
Using the current median advertised rental of $582.5 and the average annual increase in value of a median property of 6.33%, investors should hope to achieve an overall return of 2.41%
Property value increases in Mortdale have tracked close to the NSW average of 7.34% over the last 12 months.
A 3.33% growth in median value for property investors in Mortdale,2223 puts this suburb at number 368th in terms of best performing suburbs in NSW
The most recent median price for Mortdale is $620000, with sellers offering an average of -2.61% off the asking price.
Residents and property investors in Mortdale have been waiting around 51.0893 days to sell a property.
Renters in Suburb are facing rents around $19760 per annum or $380 every week.
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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.