MASCOT, 2020 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.
Investors saw the median home price rise to $1,922,500.
Profits due to an upward trend in home prices in the suburb averaged 1.49% per annum over a 3-year period.
MASCOT now ranks at the 794th 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 $1000 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 66.7 days.
In 2016, 103 properties were sold in MASCOT during the past year, making it the 1428th most active market in NSW based on total real estate transactions.
MASCOT ranks 163rd in NSW when it comes to estimated capital gains experienced by property investors over the past three years.
MASCOT, 2020 has a capital gain of 13.46% for the past year, which is higher than average compared to its 6.63% growth within a five-year period.
With the median home price in MASCOT sitting at $885,000, and the average rent at $1000, property owners could potentially earn a 5.88% increase in gross rental yield.
Property investors have seen a 2.31% gain in MASCOT based on an increase in median home prices for the past three months.
Homeowners and real estate investors betting on MASCOT, 2020 can rest assured about this NSW suburb's performance. The suburb saw median home prices rise by 13.46%.
A survey of average capital gains or median home price increase in suburbs across the country shows that MASCOT, 2020 obtained a 0.11% growth over a ten-year period. It ranks 1854th on our list of suburbs that property investors should look into.