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 11.81% for the past year.
Investors saw the median home price rise to $1,250,000.
Profits due to an upward trend in home prices in the suburb averaged 10.3% per annum over a 3-year period.
MORTDALE now ranks at the th 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 $650 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 57.3 days.
In 2016, 67 properties were sold in MORTDALE during the past year, making it the 206th most active market in NSW based on total real estate transactions.
MORTDALE ranks 444th in NSW when it comes to estimated capital gains experienced by property investors over the past three years.
MORTDALE, 2223 has a capital gain of 10.26% for the past year, which is lower than average compared to its 51.64% growth within a five-year period.
With the median home price in MORTDALE sitting at $650,551, and the average rent at $440, property owners could potentially earn a 3.52% increase in gross rental yield.
Property investors have seen a -0.3% drop in MORTDALE based on a decrease in median home prices for the past three months.
Homeowners and real estate investors betting on MORTDALE, 2223 can rest assured about this NSW suburb's performance. The suburb saw median home prices rise by 10.26%.
A survey of average capital gains or median home price increase in suburbs across the country shows that MORTDALE, 2223 obtained a 7.87% growth over a ten-year period. It ranks 169th on our list of suburbs that property investors should look into.