1105/1 Gearin Alley, Mascot NSW 2020

1105/1 Gearin Alley, Mascot NSW 2020
3 bed 2 bath 2 car | premium Mascot Central apartment | built 2016 | two car spaces rare | flood overlay noted A three-bedroom, two-bathroom configuration with two security car spaces is uncommon in this precinct, where one-bedroom stock dominates. The property is positioned within a contemporary Meriton-built complex with full amenity, including pool, gym, and retail at Mascot Central. It is served best by owner-occupiers or downsizers seeking lift-access apartment living with generous parking, while also appealing to investors looking for stronger rental demand. Value may be influenced by the flood overlay that applies to the site, since lending and insurance costs might be affected. The reported floor area appears modest for a three-bedder, so the efficiency of the layout and the actual internal size might be considered when comparison is made with larger family apartments. Level and outlook are not confirmed, but price differences between otherwise similar units are driven by these factors in this tower.
Detailed Independent Property Report prepared  by PropCred Analyst team for 1105/1 Gearin Alley, Mascot NSW 2020
Checks found:
Value Risk ✕ 2
Liquidity Risk ✓
Planning Risk ✕ 2
Income Risk ✕ 2
Execution Risk ✕ 2
WhatsApp
Copy link
URL has been copied successfully!
FbMessenger
WeChat

Market Insight

Mascot presents a bifurcated market: the median house price of $1.915M shows flat to mildly negative annual movement, with sources ranging from +3.9% to -2.4%. Units are the stronger segment, up 15.4% to $900,000 and delivering a 6.1% gross rental yield, supported by apartment rents of $1,020 per week. Demand is driven by a professional, higher-income cohort, keeping the rental market tight. House sales volume is steady at roughly 103–104 per year, though days-on-market data is inconsistent, at 41 versus 87 days depending on the source. Future growth is supported by a potential upswing signal, but constraints are significant: mortgage costs rank in the top 13% nationally and house rent affordability is extremely low, which will likely cap price growth for houses while units maintain momentum.
WhatsApp
Copy link
URL has been copied successfully!
FbMessenger
WeChat

PropCred Estimated Value

Comparable Sales: 871/2 Gearin Alley sold $770,000 in Apr 2024; 605/1 Gearin Alley sold $742,500 | Property Price Band: $1.1M-$1.2M | Value Drivers: two-car parking, building condition, floor level and outlook

Bedrooms

3

Bathroom

2

Parking

2

Land

1876m²

Research & Review Prepared by Brian Moon, Analyst · Reviewed by Matt Proctor, Principal Analyst
WhatsApp
Copy link
URL has been copied successfully!
FbMessenger
WeChat