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Mortdale, NSW 2223

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Mortdale, NSW 2223 located in Sydney to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Mortdale, NSW 2223”

  1. The total adult population (15 years or older) of Mortdale 2223 NSW is 8,912, with a median age of 38. Of those, 49.55% are married, 10.69% are divorced or separated, 34.53% are single and 5.22% are widowed.

    The average household size is 2.6 people per dwelling, and the median household monthly income is estimated to be $9,624. The median monthly mortgage repayment for households in this suburb is $2,286 which is 23.75% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Mortdale, postcode 2223, located in NSW, is estimated to house around 5214 families. In the property market, as of Q3 2023, the common value for houses in Mortdale stands at $1,561,475. These properties command a median weekly rent of $680, resulting in an indicative yield of 2.26%, under the minimum 3% required by property investors who focus on cashflow.

    The socio-economic situation in the suburb is strong as evidenced by an IRSAD score of 1061 out of a possible 1217. Despite falling short of the top score, Mortdale still touts a relatively well-off and professionally skilled population. However, the renter to owner ratio in Mortdale is noticeably higher at 37%, drifting past the favourable limit of 30%, suggesting a higher proportion of rental properties which could potentially bring about competition amongst investors.

    Further analysis shows that the ratio of units to houses in Mortdale is 55%, over the suggested 50% benchmark, suggesting an over-saturation of rental units in the market that could increase competition amongst landlords and is seen as a cautionary mark for investment.

    Despite the attractive socio-economic status, buying a house in Mortdale is quite a commitment with an affordability index registering a significant 64 years. This indicates that it would take more than twice the standard 30-year mortgage period to fully own a property in Mortdale and suggests that houses in this suburb are less affordable for the residents.

    Looking at the supply metrics, Mortdale’s property market presents a favourable image. The stock on market Percentage for houses stands at a mere 0.07%, indicating a scant supply which is favourable for investments. The inventory level for houses is also substantially low at just 0.29 months, suggesting that the market can quickly absorb new listings. However, the building approvals Ratio for houses sits slightly higher at 2.71%, indicating a potential rise of new dwelling delivers that could increase the local property supply.

    In terms of property demand, Mortdale appears to have a buoyant market. The average number of days houses remain listed ‘for sale’ is only 25 days, reflecting high demand. The vacancy rate combining houses and units fairs well at only 0.99%, signalling high demand and low supply. The buy search index for houses is at a neutral 4 suggesting a mediate level of demand.

    While it’s observable that not all metric values align with the favourable investment conditions, the majority’s outlook is positive which is key to remember in property market investing. The Relative Composite Score (RCS) developed by HtAG Analytics, a metric that utilises over 80 such data points, is a valuable resource in streamlining the property market research.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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