If you compare the increase in value of investment property in Mascot, 2020 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 9.60%.
When looking at the potential capital gains offered to property investors over the last 3 years, Mascot comes in at number 397th in NSW.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.22% offered to property buyers. Sellers in Mascot itself are offering an average vendor discount of -4.17% to real estate investors.
Mascot is in the bottom 40% in NSW when comparing median price capital growth over the last year. Mascot gave property investors a disappointing capital gain figure when compared to the rest of the state, with 4.20%.
Across a shorter period, Mascot, 2020 has seen a median price increase of 1.94% over the last quarter.
The most recent median price for Mascot is $917500, with sellers offering an average of -4.36% off the asking price.
Using the current median advertised rental of $650 and the average annual increase in value of a median property of 7.94%, investors should hope to achieve an overall return of 3.68%
The home of the Sydney Airport, the suburb of Mascot saw its stock of apartments skyrocket over the past 12 months.Full summary
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Airport’s home gets a shock from new stock
Median unit price: $845,000
Stock on market: 160%
12-month growth: -6.11%
The home of the Sydney Airport, the suburb of Mascot saw its stock of apartments skyrocket over the past 12 months.
This sharp spike in supply has caused unit prices to drop by 6% following a consistent trend of positive growth up until the past year. Nonetheless, Mascot looks to be recovering from the shock as the February 2017 quarter figures suggested that unit values were on their way up once more.
Demand in Mascot is definitely spurred by its role as an administrative centre of the Bayside Council. Moreover, this suburb is only 7km away from the Sydney CBD. As a result, the median apartment price remains steep at $845,000.
There is a shopping centre on Botany Road, and the local railway station is undergoing redevelopment to further maximise the space for commercial and residential purposes.