Perth Rentals Down 10-30% From Peak
The Perth rental market has risen in affordability, with a new analysis showing more than 200 suburbs with median house ...
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 12.78% for the past year.
Investors saw the median home price rise to $1,500,000.
Profits due to an upward trend in home prices in the suburb averaged 3.77% per annum over a 3-year period.
MASCOT now ranks at the 876th 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 $705 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 106.7 days.
In 2016, 83 properties were sold in MASCOT during the past year, making it the 92nd most active market in NSW based on total real estate transactions.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||12.78%||-10.19%|
|Median 3 years||11.32%||-13.32%|
|Median 5 years||23.05%||-13.24%|
|10 years average annual||7.55%||4.29%|
|Weekly media advert. rent||$705||$600|
|Time on Market||106.7 days||100.1 days|
|Gross Rental Yield Percent||2.44%||3.91%|