At number 881th in the list of Australian suburbs ordered by increase in median house value over the last year, Asquith, 2077 is in the top 30% with a property value increase of 5.33% recorded in median house prices.
If we look at median property appreciation over just the last three months, Asquith has given property investors a paper return of 5.56%. This puts Suburb as 181 on a list of fastest fasting appreciating suburbs in NSW
Situated 22.00km from the CBD, Asquith is one of Hornsby (A) localities in the postcode 2077.
If you compare the increase in value of investment property in Asquith, 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 -6.72%.
Over the longer term, Asquith has seen property prices show investors a -8.83% return over the last 3 years. This is an improvement 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 -6.57% offered to property buyers. Sellers in Asquith itself are offering an average vendor discount of -6.61% to real estate investors.
In the last year 125 properties changed hands in Asquith, which puts it as the 85th most active market in NSW when comparing the number of sales per suburb.
A $520 per week rent on the median house gives suburb investors a gross yield of circa 4.33%, without taking into account capital value appreciation, which has been averaging out at 4.53%.
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Asquith, located next to the bustling suburb of Hornsby, has been quietly gaining ground over the past three years with the house price growing by a total of 43% to $959,500.
So far, there are no signs that buyers’ interest has weakened. During the 12 months ending April 2015, median house values surged by 15% according to CoreLogic RP Data.
Online interest is also running strong, with at least 729 potential buyers looking at every listed property.
Who can blame them? Asquith has many desirable features for any buyer or renter.
It’s close to the retail amenities in Hornsby. It’s got its own train station and public buses run regularly as well.
It also boasts wide, leafy streets and it’s surrounded by family-friendly parks.
It’s no surprise then that almost half of the residents are families.
The most popular streets in the suburb include Rupert Street, Sunnymeade Cl and Victory Street.