If you compare the increase in value of investment property in Hornsby, 2077 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was -3.58%.
If we look at median property appreciation over just the last three months, Hornsby has given property investors a paper return of -4.13%. This puts Suburb as 1195 on a list of fastest fasting appreciating suburbs in NSW
Hornsby, 2077 is offering NSW ‘s 345th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 30% of discounts offered by this NSW.
With the median price for a house in Hornsby being $1277500 and the advertised rent reaching $650 the gross rental yield for property investors calculates out to be 2.65%
Hornsby has had a quite poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of -1.14% to date .
Taking the average capital gain, or increase in median house value, Hornsby,2077 has racked up an average of -1.14% over the period. This ranks it number 1027th in the whole country for real estate investors looking at median house price increases.
Property investors looking for a bargain in Hornsby should be aiming for at least -4.53% off the asking price, which is the average vendor discount being achieved at the moment.
Often selling an investment property can take time, and in Hornsby the average time real estate has been on the market is 54.13 days.
Property investors should expect to get $490 weekly from the median priced house in this suburb.
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
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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.Close