Over the last year, property investments in Mascot, 2020 have given investors a capital gain of 3.08%. This compares favourably with the 1.14% for NSW as a whole.
If we look at median property appreciation over just the last three months, Mascot has given property investors a paper return of 2.49%. This puts Suburb as 486 on a list of fastest fasting appreciating suburbs in NSW
Residents and property investors in Mascot have been waiting around 93.6667 days to sell a property.
If you compare the increase in value of investment property in Mascot, 2020 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was -4.35%.
When looking at the potential capital gains offered to property investors over the last 3 years, Mascot comes in at number 370th in NSW.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Mascot, 2020. Typically our figures indicate that -5.53% is being offered, which puts this NSW suburb at 582th most discounted overall in Australia.
Often selling an investment property can take time, and in Mascot the average time real estate has been on the market is 82.2857 days.
The NSW suburb of Mascot, 2020 is in the Botany Bay (C) local government area.
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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.