If you compare the increase in value of investment property in Mortdale, 2223 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was -2.30%.
Across a shorter period, Mortdale, 2223 has seen a median price increase of -3.68% over the last quarter.
At number 102th of NSW’s most discounted properties, Mortdale is in the bottom 10% of the state/territory when listing in order of most discounted to least.
Property investors should expect to get $650 weekly from the median priced house in this suburb.
If you compare the increase in value of investment property in Mortdale, 2223 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 6.30%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Mortdale has increased when compared to the 5 year average annual rate.
Property investors looking for a bargain in Mortdale should be aiming for at least -4.40% off the asking price, which is the average vendor discount being achieved at the moment.
With the median price for a house in Mortdale being $637250 and the advertised rent reaching $440 the gross rental yield for property investors calculates out to be 3.59%