Property investors who have had real estate in Thornleigh, 2120 should be ok with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 3.88%
Thornleigh,2120 was ranked 820 in Australia by increase in median property value over the quarter.
Sellers are offering property buyers an average discount of -4.37% to buyers in Thornleigh at the moment, which is less than average for the rest of NSW.
Situated 19.61km from the CBD, Thornleigh is one of Hornsby localities in the postcode 2120.
With a capital gain of 20.13% for the last 12 months, Thornleigh, 2120 has performed for property investments than its average annual 6.52% property growth over the last 5 years.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Thornleigh has increased when compared to the 5 year average annual rate.
Vendor discounting in Thornleigh is giving property investors an average Vendor Discount of around -0.85%. This puts suburb at number 468th in NSW when ranking the most discounted suburbs.
In the last year 35 properties changed hands in Thornleigh, which puts it as the 341th most active market in NSW when comparing the number of sales per suburb.
With the median price for a house in Thornleigh being $925000 and the advertised rent reaching $580 the gross rental yield for property investors calculates out to be 3.26%