N G Farah expand to Mascot
N G Farah are opening up a satellite property management office in Mascot to service 300+ new properties that the company has been allocated to manage.
Glenn Farah, Partner and Sales Executive said the property market in the South Eastern region of Sydney is remaining steady despite auction clearance rates dipping and confidence pausing.
“These types of things are typical in any market place, especially for one that has been growing at such a steady rate over the past 5 years," he said.
Marinos Euripidou, Director and Partner of N G Farah said Mascot is one of the growth suburbs in Sydney with 2142 residential houses and approaching 5000 apartments.
"We currently sell and manage quite a few properties in the Mascot area and are currently servicing these properties from our head office in Kingsford," he said.
“We see Mascot as a superb suburb with the benefits of rail, airport, proximity to the city and beach and a strong history makes it a great suburb to invest and live in.
"Unit prices do vary depending on their age, vintage and location but in some parts of Mascot, you can purchase a two bed unit for up to $800,000 in good condition and in Mascot’s new development corridor prices vary from $900,000 to $1,300,000.
"House prices increase by an average of 9.7% per annum and unit prices by an average of 7.1% per year."
