At number 2140th in the list of Australian suburbs ordered by increase in median house value over the last year, Horningsea Park, 2171 is in the BOTTOM 50% with a property value increase of 3.96% recorded in median house prices.
If we look at median property appreciation over just the last three months, Horningsea Park has given property investors a paper return of 0.43%. This puts Suburb as 760 on a list of fastest fasting appreciating suburbs in NSW
LACK OF BUYER INTEREST may well be the reason that Horningsea Park is offering property investors an average of -5.53. This rate of discount on properties puts Suburb at number 804th in terms of most discounted suburbs in NSW
Often selling an investment property can take time, and in Horningsea Park the average time real estate has been on the market is 44.73 days.
With the median price for a house in Horningsea Park being $703000 and the advertised rent reaching $550 the gross rental yield for property investors calculates out to be 4.07%