Double-digit price growth to stick around as ‘property boom’ arrives
According to leading indicators, Australia’s property boom officially began in November, following several slow months on the back of the ...
MORTDALE, 2223 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.
Average median house prices in NSW have risen as a whole, pulling MORTDALE, 2223 values up and netting property investors a capital gain of 16.19% for the past year.
Investors saw the median home price rise to $1,220,000.
Profits due to an downward trend in home prices in the suburb averaged -0.67% per annum over a 3-year period.
MORTDALE now ranks at the 706th 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 $600 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 47.2 days.
In 2016, 75 properties were sold in MORTDALE during the past year, making it the 148th most active market in NSW based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,220,000 | $612,500 |
| GROWTH REPORT | ||
| Median Quarterly | 1.67% | 2.94% |
| Median 12 month | 16.19% | 5.6% |
| Median 3 years | -2.01% | 0.41% |
| Median 5 years | 10.91% | 0.41% |
| 10 years average annual | 7.02% | 5.46% |
| Weekly media advert. rent | $600 | $400 |
| Time on Market | 47.2 days | 51.5 days |
| Gross Rental Yield Percent | 2.56% | 3.4% |
According to leading indicators, Australia’s property boom officially began in November, following several slow months on the back of the ...
After a COVID-induced downturn, Sydney and Melbourne have reinforced their continued recovery, logging more sales than the remaining capital...
The construction of new homes in Australia is forecast to “get worse before it gets better”, according to Deloitte Access Economics, b...
Sydney’s inner ring continued to attract tenants in December as the end of 2020 brought more stability to the rental accommodation market ...
Despite suffering its first recession in almost 30 years, Australian property markets remained remarkably resilient in the face of a global ...
For the first time, Metropolitan Melbourne house values have surpassed a median price of $900,000. ...
Get notifications in real-time for staying up to date with content that matters to you.
