First home buyers guide: Grants and assistance in each state and territory
The federal and local governments have launched several grants and assistance programs to help their citizens achieve the great Australian d...
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 15.38% 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 2.51% per annum over a 3-year period.
MASCOT now ranks at the 662nd 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 $710 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 81.8 days.
In 2016, 69 properties were sold in MASCOT during the past year, making it the 196th most active market in NSW based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,500,000 | $820,000 |
| GROWTH REPORT | ||
| Median Quarterly | 2.39% | -3.53% |
| Median 12 month | 15.38% | -7.44% |
| Median 3 years | 7.53% | -11.43% |
| Median 5 years | 26.05% | -6.82% |
| 10 years average annual | 7.68% | 4.88% |
| Weekly media advert. rent | $710 | $625 |
| Time on Market | 81.8 days | 78.6 days |
| Gross Rental Yield Percent | 2.46% | 3.96% |
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