Mascot, 2020 ranked 547th in NSW when comparing growth in median property values or capital gain over the last 12 months. Mascot is one of 3163 in our list for NSW
Mascot,2020 has offered an average of 12.00% return per annum in house price rises to property investors over the last three years.
The most recent median price for Mascot is $1400000, with sellers offering an average of -4.17% off the asking price.
Mascot is 881th on a list of best yielding suburbs for rents in NSW with a 2.90% return
Mascot, 2020 ranked 495th in NSW when comparing growth in median property values or capital gain over the last 12 months. Mascot is one of 3163 in our list for NSW
Over the longer term, Mascot has seen property prices show investors a 29.80% return over the last 3 years. This is worse than over the last 12 months
Property investors looking for a bargain in Mascot should be aiming for at least -4.09% off the asking price, which is the average vendor discount being achieved at the moment.
Often selling an investment property can take time, and in Mascot the average time real estate has been on the market is 52.17 days.
The home of the Sydney Airport, the suburb of Mascot saw its stock of apartments skyrocket over the past 12 months.Full summary
Information supplied by:
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.