Property investors who have had real estate in Hornsby, 2077 should be unhappy with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -11.57%
When looking at the potential capital gains offered to property investors over the last 3 years, Hornsby comes in at number 1323th in NSW.
Property buyers and investors in Hornsby 2077 should be seeing an average reduction in asking price of around -9.53% . This means that Hornsby is holding prices well when compared to other suburbs in NSW.
If you compare the increase in value of investment property in Hornsby, 2077 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was -5.40%.
Across a shorter period, Hornsby, 2077 has seen a median price increase of -1.84% over the last quarter.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Hornsby, 2077. Typically our figures indicate that -5.45% is being offered, which puts this NSW suburb at 773th most discounted overall in Australia.
Hornsby, 2077’s gross rental yield is 3.82%
On Sydney’s upper north shore, the suburb of Hornsby saw vacancies tighten from 2.5% to 1.9% over the past 12 months as the unit market saw roughly 8% growthFull summary
Information supplied by:
Amenity-filled suburb gets crowded
Median unit price: $690,000
Vacancy rate: 1.9%
Three-year growth: 25.5%
On Sydney’s upper north shore, the suburb of Hornsby saw vacancies tighten from 2.5% to 1.9% over the past 12 months as the unit market saw roughly 8% growth.
The suburb’s amenities are a likely factor here, with Hornsby acting as the administrative centre of Hornsby Shire’s LGA. It has a bustling commercial scene – Hornsby is a shopping haven, with a high street shopping village and the Westfield Hornsby shopping centre. A university, Hornsby TAFE, is part of Hornsby Park, along with the Hornsby Aquatic Centre. Other educational institutions include Hornsby North Public School, Clarke Road Special School and Barker College.
Hornsby is also known for its parks and gardens, namely, the Edgeworth David Gardens, Lisgar Gardens and Ginger Meggs Park, which was named for the comic book character.Close