This property is Off Market
With an average age of 35, households expect an average monthly mortgage payment of $1,895 or a weekly rent payment of $395. The average family earns a weekly income of $2,083 with a typical household size of 2 and a 95.09% employment rate.
Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Mortdale due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. The high percentage of professional people in Mortdale classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. Medium density in Mortdale necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.
(Country of Birth not stated 4%)
Mortdale - Penshurst a good, bad, or just average location in which to invest in property? Should you be buying, or selling, property right now? Our Investability scores provide comparative insights into the investment potential for every suburb across Australia.
Investability - Housing Demand
New South Wales State average 59 / 100
Income
36 / 100
31 / 100
Industry
47 / 100
22 / 100
Population
38 / 100
19 / 100
House Prices
73 / 100
60 / 100
Jobs
45 / 100
29 / 100
Incidents Trend State Average
Georges River College Oatley Senior Campus
Oatley, NSW, 2223 State 11-12
Mortdale Public School
Mortdale, NSW, 2223 State K-6
Hurstville Grove Infants School
Penshurst, NSW, 2222 State K-2
Georges River College Penshurst Girls Campus
Penshurst, NSW, 2222 State 7-10
Marist Catholic College Penshurst
Mortdale, NSW, 2223 Independent 7-12
St Declan's Catholic Primary School
Penshurst, NSW, 2222 Independent K-6
Penshurst Public School
Penshurst, NSW, 2222 State K-6
St Joseph's Catholic Primary School
Oatley, NSW, 2223 Independent K-6
Carinya School
Mortdale, NSW, 2223 State U
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134 Acme Avenue Street, Town, State
Description - Details the application. Type and other information pertaining to the development application and more...
Authority Reference: UX0909823-GOV Website
The Residz risks assessments are composed from data attributes which are generally accepted to indicate higher or lower risk presence likelihood for that condition for any address or locality. They do not however determine the exact presence of that risk for any specific property. The Residz Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice. While Residz uses commercially reasonable efforts to ensure the Residz Data is current, Residz does not warrant the accuracy, currency or completeness of the Residz Data and to the full extent permitted by law excludes liability for any loss or damage howsoever arising (including through negligence) in connection with the Residz Data. Historical prices and trends are not a guarantee of future prices and trends.
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