Property investors who have had real estate in Mortdale, 2223 should be 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 -13.60%
Across a shorter period, Mortdale, 2223 has seen a median price increase of -5.26% over the last quarter.
Sellers are offering property buyers an average discount of -6.59% to buyers in Mortdale at the moment, which is less than average for the rest of NSW.
Often selling an investment property can take time, and in Mortdale the average time real estate has been on the market is 60.4118 days.
Advertised rents are around the $600 mark per week – giving a return of 2.89% based on the median price in Suburb
Investment property in Mortdale has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -6.98%
If we look at median property appreciation over just the last three months, Mortdale has given property investors a paper return of -3.38%. This puts Suburb as 351 on a list of fastest fasting appreciating suburbs in NSW
Vendor discounting in Mortdale is giving property investors an average Vendor Discount of around -6.88%. This puts suburb at number 172th in NSW when ranking the most discounted suburbs.