The post-budget guide to commercial property investing

Mortlake

POSTAL CODE: NSW, 2137
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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 $817,500.

Augmented property values in MORTLAKE are trailing behind the NSW average of 5.06% for the past year.

Real estate investors could earn a rental income of $820 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 62 days days before their assets are lifted off the market.

MORTLAKE ranks 74th on the list of best yielding suburbs for rental properties in NSW, posting a 5.22% return.

MORTLAKE, 2137 places 379th in Australia based on median property value growth during the quarter.

Surburb overview

Mortlake, located approximately 10 kilometres west of Sydney's central business district, is a suburb within the City of Canada Bay. Positioned on the southern bank of the Parramatta River, Breakfast Point borders it to the east and Concord to the south. Historically, Mortlake was the site of the Australian Gas Light Company's gasworks, which operated from the late 19th century until the late 20th century. The area has since undergone redevelopment, with residential projects transforming the suburb's landscape.

As per the 2021 Census, Mortlake had a population of 1,954 residents. The median age was 35 years, indicating a relatively young demographic. Approximately 57.7% of the population was born in Australia, with significant communities from China and other countries contributing to the suburb's multicultural character. English was the only language spoken at home by 57.7% of residents, while other languages included Mandarin and Cantonese.

Public transportation in Mortlake includes bus route 464, which connects the suburb to Ashfield railway station. Additionally, the Cabarita ferry wharf, located nearby, offers ferry services to Circular Quay and Parramatta on the Parramatta River, facilitating scenic commutes.

Essential amenities are accessible within and near Mortlake. The suburb features a variety of restaurants, including Noi Due Italian & Lebanese Dining on Tennyson Road. Retail and service options are available in adjacent suburbs, including Concord and Breakfast Point.

Recreational facilities in Mortlake include Wangal Reserve, which offers open spaces for outdoor activities and relaxation. The suburb's proximity to the Parramatta River supports various leisure pursuits, including walking and cycling along the waterfront.

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