Currently listed — $890,000 ▼ Reduced 6.3% · $60k · 1 day ago
3 bed · 2 bath · 2 car · ApartmentUnitFlat
Asking price cut 6.3% ($60k, from $950,000 to $890,000) 1 day ago. The vendor has already moved once: negotiate below the NEW asking, not at it.
The Property Brief — what the evidence shows. You draw the conclusion.
What we've tracked
- 20 Aug 2026 first tracked by our radar (the portal doesn't publish its list date)
- 20 Aug 2026 asking $950k
- 27 Aug 2026 price cut $60k — to $890k
- 28 Aug 2026 on market 8+ days — first tracked by us, a lower bound
Suburb risk flags
flood exposure 49% of the suburb · bushfire exposure 0% · aircraft noise high · crime index: 59 — around sydney average · 9 min walk to Mascot · ~10 min train to the CBD · trains ~every 8 min at peak
Where every number comes from
- Evidence trail: tracked by our radar from portal listings, web-archive checks and published auction results — each entry dated
- Risk flags: suburb-level overlays (BOCSAR crime, flood/bushfire intel, aircraft bands, GTFS transit) — NOT a per-parcel assessment
⏱ Days on market — this campaign
8 days since our daily sweep first saw this listing.
The portal's own campaign may have started slightly earlier than our first sighting. Longer campaigns tend to mean more negotiating room — the board's "Longest listed" sort exists for exactly that reason.
Rent evidence — asking vs transacted, Mascot · postcode 2020
$1295–$1490/wk is what 3-bed units in 2020 actually transact for (middle half of 79 bonds lodged, Q2 2026 · median $1400/wk — NSW Fair Trading, CC BY).
2019Q1 → 2026Q2: $740 → $1050/wk · +5% over the last 12 months (latest four quarters averaged against the previous four) — quarterly new-tenancy medians for units in 2020, all bedroom counts pooled.
Asking rents are what agents hope for; bond figures are what tenants actually signed at (NSW Fair Trading bond lodgements, CC BY). No yield % is derived here: each rent above is a different grain from this home's price, and a ratio of two grains reads as precision it doesn't have. New-tenancy rents run hotter than sitting rents. Not financial advice.
Growth trend — Mascot units at auction
Too few same-bed sales for a measured growth rate yet. Recent quarterly sold medians (all unit sizes — thin samples move these):
2024Q3 $839k (4) · 2024Q4 $1170k (5) · 2025Q1 $754k (4) · 2025Q2 $748k (4)
Suburb-level, from published auction results. No single building has enough sales for a block-level series, so this is the honest grain; sales-mix shifts move raw medians, and the measured rate (when shown) controls for bed count.
Agencies' own published sales nearby — Mascot, around 3 beds
| Address | Sold | Price | Beds | Agency |
|---|---|---|---|---|
| 414/42 Church Avenue | by 17 Aug 2026 | $1,390,000 | 3 | Meriton |
| 453/63 Church Avenue | by 17 Aug 2026 | $900,000 | 2 | Meriton |
| 401/12 Galloway Street | by 17 Aug 2026 | $1,375,000 | 3 | Meriton |
| 629/44 Church Avenue | by 17 Aug 2026 | $955,000 | 2 | Meriton |
Prices as published on the selling agency's own website (their sold pages) — includes private-treaty sales the auction results never see. Only sales the agency chose to publish a figure for appear here.
Similar properties — on the market now
The 6 listings above are on the market now: same unit category, within 1 bedroom of 3, asking within 20% of this one, in Mascot or a suburb whose centre is within 3 km — ordered by how close the asking price is. That is the whole rule: a filter, not a recommendation, and nothing here judges which home is better.
Construction risk — what no listing tells you
Building Commission NSW / Strata Community Association 2023 Strata Defects Survey: 53% of newly registered strata buildings reported at least one serious defect in common property (39% in the 2021 survey). Defects are common, not exceptional — and new does not mean safe (Opal Tower was under a year old).
Get an independent structural and strata inspection before you commit — the defect base rate makes it the single highest-value dollar in the purchase.
We cannot see inside a building — no one can from public records. This section states base rates and observable adjacency only, and will never call a building safe.
The building — its registered strata scheme
Strata plan SP81059 registered 2008 — the building is at least 18 years old · 95 lots in the scheme.
Registration is an age floor, not a build date — a converted building is older than its strata plan. Scheme records from the NSW Strata Hub. © State of New South Wales (Spatial Services, a business unit of the Department of Customer Service NSW). For current information go to spatial.nsw.gov.au.
What's changing in Mascot — recent local signals
2026-08-24 — Place of worship invest — 38 RICKETTY STREET MASCOT 2020 ($330k) (institutional-signals.json (PAN-665566, OnlineDA))
2026-08-18 — Place of worship invest — 768 BOTANY ROAD MASCOT 2020 ($578k) (institutional-signals.json (PAN-663802, OnlineDA))
2026-07-03 — DA-approved site — listing's own words: "DA-approved" (51 Hardie Street, Mascot, NSW 2020) (listing rea-151093680 (rea), first seen 2026-07-03)
Dated public signals compiled for this suburb — openings, closures, site sales and institutional moves. Facts with sources, not forecasts.
Want the numbers agents don't volunteer?
Check any Sydney suburb free — Market Mint market-conditions readout, live median, clearance trend and the price model — at aipropertyeye.com. No sign-up for the suburb check; the full board is 7 days free.
Data from published auction results (Domain) and live portal listings. Estimates are never valuations or financial advice. Own this home and want a result corrected? hello@aipropertyeye.com.