At number 2604th 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 3.70% recorded in median house prices.
Mascot,2020 was ranked 3562 in Australia by increase in median property value over the quarter.
The most recent median price for Mascot is $1400000, with sellers offering an average of -11.70% off the asking price.
Property investors should expect to get $765 weekly from the median priced house in this suburb.
Mascot, 2020 ranked 255th 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
A 57.09% growth in median value for property investors in Mascot,2020 puts this suburb at number 425th in terms of best performing suburbs in NSW
At number 135th of NSW’s most discounted properties, Mascot is in the bottom 30% of the state/territory when listing in order of most discounted to least.
With the median price for a house in Mascot being $930000 and the advertised rent reaching $675 the gross rental yield for property investors calculates out to be 3.77%
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.