Investment property in Asquith has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 8.33%
Across a shorter period, Asquith, 2077 has seen a median price increase of 3.72% over the last quarter.
Vendor discounting in Asquith is giving property investors an average Vendor Discount of around -3.86%. This puts suburb at number 979th in NSW when ranking the most discounted suburbs.
Often selling an investment property can take time, and in Asquith the average time real estate has been on the market is 76.16 days.
Renters in Suburb are facing rents around $6780 per annum or $565 every week.
Asquith has had a pretty average year for property investment returns compared to the rest of NSW, giving investors a capital gain of 6.77% to date .
Asquith,2077 was ranked 872 in Australia by increase in median property value over the quarter.
The most recent median price for Asquith is $678000, with sellers offering an average of -3.08% off the asking price.
On average over the past year, suburb has had 5.67 sales per month, which equates to 68 per year.
With the median price for a house in Asquith being $678000 and the advertised rent reaching $520 the gross rental yield for property investors calculates out to be 3.99%
Asquith, located next to the bustling suburb of Hornsby, has been quietly gaining ground over the past three years with the house price growing by a total of 43%Full summary
Information supplied by:
Asquith, located next to the bustling suburb of Hornsby, has been quietly gaining ground over the past three years with the house price growing by a total of 43% to $959,500.Close
So far, there are no signs that buyers’ interest has weakened. During the 12 months ending April 2015, median house values surged by 15% according to CoreLogic RP Data.
Online interest is also running strong, with at least 729 potential buyers looking at every listed property.
Who can blame them? Asquith has many desirable features for any buyer or renter.
It’s close to the retail amenities in Hornsby. It’s got its own train station and public buses run regularly as well.
It also boasts wide, leafy streets and it’s surrounded by family-friendly parks.
It’s no surprise then that almost half of the residents are families.
The most popular streets in the suburb include Rupert Street, Sunnymeade Cl and Victory Street.