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Mortdale

Suburb Profile

Mortdale - FREE SUBURB PROFILE REPORT
POSTAL CODE: NSW,2223

house
unit

MORTDALE, 2223 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 $1,122,500.

Profits due to an upward trend in home prices in the suburb averaged 0.44% per annum over a 3-year period.

MORTDALE now ranks at the 246th place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in MORTDALE are low, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $625 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In MORTDALE, homes and units usually stay on listing for an average of 55.4 days.

In 2016, 77 properties were sold in MORTDALE during the past year, making it the 130th most active market in NSW based on total real estate transactions.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,122,500 $592,500
GROWTH REPORT
Median Quarterly 4.52% 2.16%
Median 12 month -0.22% -4.59%
Median 3 years 1.31% 1.8%
Median 5 years 24.38% 9.71%
10 years average annual 6.84% 5.35%
Weekly media advert. rent $625 $430
Time on Market 55.4 days 56.4 days
Gross Rental Yield Percent 2.9% 3.77%
demographics (median values)
Total Population
9640
Weekly Household Income
1102
Household Size
2.50
demographics
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