The prices in real estate in Mascot, in the New South Wales region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per m² in Mascot has increased strongly during the last 6 months. In September, the average price per m² was $1,170. In the following month the price per m² increased to $1,235. In the following two months the price per m² has barely changed, going from $1,202.5 to $1,249 per m². The price per m² has had a considerable increase of 132 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per m² of $1,225.75 to $1,621 during January, and February.
Based upon to the price in Mascot (suburbs), this has gone up considerably in the last 6 months. The price in September is $614,130, rising in October till $671,000. In the following two months the average price has remained the same with regard to the previous two months from $642,565 to $654,752. Based on an analysis of the first four prices and the last two months the average price has risen strongly 134 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of $903,738 they are 25 % more affordable than the average price for Mascot. The properties with the lowest average price have 4 bedrooms, Their price is 4 % cheaper than the average. After that we have properties with 2 bedrooms priced at $849,150.
With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of $762 / m², with an average $1,752 / m² price in Mascot. The properties with the highest average prices have 1 bedroom. They are 11 % more expensive than the average followed by properties with 2 bedrooms with a price at $1,533 / m².