With a capital gain of 3.56% for the last 12 months, Mortdale, 2223 has performed for property investments than its average annual 8.34% property growth over the last 5 years.
Comparing Mortdale,2223 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.88% offered to property buyers. Sellers in Mortdale itself are offering an average vendor discount of -8.89% to real estate investors.
With the median price for a house in Mortdale being $1222500 and the advertised rent reaching $670 the gross rental yield for property investors calculates out to be 2.85%
Property value increases in Mortdale have tracked just higher than the NSW average of 2.79% over the last 12 months.
Taking the average capital gain, or increase in median house value, Mortdale,2223 has racked up an average of 9.75% over the period. This ranks it number 938th in the whole country for real estate investors looking at median house price increases.
At number 316th of NSW’s most discounted properties, Mortdale is in the TOP 40% of the state/territory when listing in order of most discounted to least.
In the last year 91 properties changed hands in Mortdale, which puts it as the 154th most active market in NSW when comparing the number of sales per suburb.