Property value increases in Mascot have tracked close to the NSW average of 10.55% over the last 12 months.
Mascot,2020 was ranked 2369 in Australia by increase in median property value over the quarter.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.23% offered to property buyers. Sellers in Mascot itself are offering an average vendor discount of -4.17% to real estate investors.
A $765 per week rent on the median house gives suburb investors a gross yield of circa 2.83%, without taking into account capital value appreciation, which has been averaging out at 9.75%.
At number 1163th in the list of Australian suburbs ordered by increase in median house value over the last year, Mascot, 2020 is in the BOTTOM 40% with a property value increase of -0.27% recorded in median house prices.
When looking at the potential capital gains offered to property investors over the last 3 years, Mascot comes in at number 290th in NSW.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.12% offered to property buyers. Sellers in Mascot itself are offering an average vendor discount of -4.32% to real estate investors.
Mascot is 386th on a list of best yielding suburbs for rents in NSW with a 3.67% return
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.