At number 2370th in the list of Australian suburbs ordered by increase in median house value over the last year, Asquith, 2077 is in the BOTTOM 50% with a property value increase of 4.41% recorded in median house prices.
Taking the average capital gain, or increase in median house value, Asquith,2077 has racked up an average of 4.41% over the period. This ranks it number 203th in the whole country for real estate investors looking at median house price increases.
Vendor discounting in Asquith is giving property investors an average Vendor Discount of around -3.94%. This puts suburb at number 880th in NSW when ranking the most discounted suburbs.
At number 2131 in a list of fastest selling suburbs, Asquith is just in the bottom half of suburbs in Australia with an average of days on market 83.88 for properties listed there.
Property investors should expect to get $585 weekly from the median priced house in this suburb.
Asquith has had a quite poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of -0.07% to date .
When looking at the potential capital gains offered to property investors over the last 3 years, Asquith comes in at number 372th in NSW.
Sellers are offering property buyers an average discount of -3.15% to buyers in Asquith at the moment, which is less than average for the rest of NSW.
On average over the past year, suburb has had 9.67 sales per month, which equates to 116 per year.
A $520 per week rent on the median house gives suburb investors a gross yield of circa 4.01%, without taking into account capital value appreciation, which has been averaging out at 3.55%.
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
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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.