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Mascot

POSTAL CODE: NSW, 2020
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MASCOT, 2020 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in NSW have risen as a whole, pulling MASCOT, 2020 values up and netting property investors a capital gain of 5.07% for the past year.

Investors saw the median home price rise to $1,970,000.

Profits due to an upward trend in home prices in the suburb averaged 2.95% per annum over a 3-year period.

MASCOT now ranks at the 613th place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in MASCOT are low, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $1095 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In MASCOT, homes and units usually stay on listing for an average of 67.6 days.

In 2016, 109 properties were sold in MASCOT during the past year, making it the 1415th most active market in NSW based on total real estate transactions.

Surburb overview

Mascot, NSW 2020, is an inner-southern suburb of Sydney located approximately 7 kilometres south of the central business district. It has developed rapidly in recent years, transforming from a primarily industrial area into a vibrant residential and commercial hub. The suburb is home to around 15,000 residents, and it has a diverse community, with a significant Chinese population (18.1%) and English, Australian, Irish, and Greek communities.

Mascot is well-connected by public transport, with the Mascot train station on the T8 Airport and South Line providing easy access to the Sydney CBD and Sydney Airport. Several bus routes also serve the area, including routes to Bondi Junction, Eastgardens, and Burwood. The suburb is also well-served by major roads such as the Eastern Distributor and M5 Motorway, making it convenient for those who prefer driving.

Mascot's housing market primarily comprises high-density apartments, reflecting its rapid urbanisation. The median house price is approximately $1,914,000, while units have a median price of $850,000. The rental market is strong, with a median rent of $978 per week for houses and $950 per week for units. Rental yields are 2.90% for houses and 5.98% for units, making it an attractive area for investors.

Mascot offers various amenities, including the Mascot Memorial Park, local cafes, and shopping precincts like the Mascot Central Retail Precinct and Mascot Arcade. The suburb’s dining options are diverse, featuring restaurants like Mr. Lei, known for its Chinese cuisine, and La Bufala, an Italian eatery famous for its traditional dishes. 

Overall, Mascot is ideal for professionals, families, and young singles seeking a convenient and dynamic lifestyle close to the city and airport. However, depending on the location, it can experience aircraft noise.

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