Investment property in Hornsby 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 14.22%
Across a shorter period, Hornsby, 2077 has seen a median price increase of 5.96% over the last quarter.
Our latest figures would indicate that property sellers in Hornsby are currently offering property investors an average price cut of -5.84% below the asking price at the moment.
On average over the past year, suburb has had 11.08 sales per month, which equates to 133 per year.
Property investors should expect to get $600 weekly from the median priced house in this suburb.
Property value increases in Hornsby have tracked close to the NSW average of 7.74% over the last 12 months.
A 54.55% growth in median value for property investors in Hornsby,2077 puts this suburb at number 248th in terms of best performing suburbs in NSW
Hornsby, 2077 is offering NSW ‘s 267th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this NSW.
Often selling an investment property can take time, and in Hornsby the average time real estate has been on the market is 42.61 days.
A $480 per week rent on the median house gives suburb investors a gross yield of circa 3.67%, without taking into account capital value appreciation, which has been averaging out at 7.32%.