$3m-plus suburbs double during the pandemic as allure of luxury property grows
With more Australians racking up more savings than ever before and affordability improving across the real estate market, the allure of luxu...
MORTLAKE, 2137 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $855,000.
Augmented property values in MORTLAKE are trailing behind the NSW average of 4.22% for the past year.
Real estate investors could earn a rental income of $550 based on current median home prices for the suburb.
Home owners selling their properties and realtors in MORTLAKE usually have to wait an average of 72.0 days days before their assets are lifted off the market.
MORTLAKE ranks 394th on the list of best yielding suburbs for rental properties in NSW, posting a 3.35% return.
MORTLAKE, 2137 places th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | N/A | $855,000 |
| GROWTH REPORT | ||
| Median Quarterly | N/A | 0% |
| Median 12 month | N/A | -2.12% |
| Median 3 years | N/A | -6.56% |
| Median 5 years | N/A | -3.93% |
| 10 years average annual | N/A | 2.19% |
| Weekly media advert. rent | N/A | $550 |
| Time on Market | N/A | 72.0 days |
| Gross Rental Yield Percent | N/A | 3.35% |
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