NSW has seen average median house prices change by 0.62% which means that Hornsby, 2077 has done well for property investors by showing a capital gain of -13.64% over the last year
Across a shorter period, Hornsby, 2077 has seen a median price increase of -5.00% over the last quarter.
Vendor discounting in Hornsby is giving property investors an average Vendor Discount of around -8.25%. This puts suburb at number 144th in NSW when ranking the most discounted suburbs.
Often selling an investment property can take time, and in Hornsby the average time real estate has been on the market is 52.1 days.
Hornsby is 942th on a list of best yielding suburbs for rents in NSW with a 2.96% return
At number 1161th in the list of Australian suburbs ordered by increase in median house value over the last year, Hornsby, 2077 is in the BOTTOM 30% with a property value increase of -5.43% recorded in median house prices.
Over the longer term, Hornsby has seen property prices show investors a 0.38% return over the last 3 years. This is worse than over the last 12 months
State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.92% offered to property buyers. Sellers in Hornsby itself are offering an average vendor discount of -6.61% to real estate investors.
Residents and property investors in Hornsby have been waiting around 63.07 days to sell a property.
Renters in Suburb are facing rents around $24960 per annum or $480 every week.
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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.