Property value increases in Hornsby have tracked close to the NSW average of 11.67% over the last 12 months.
Comparing Hornsby,2077 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
State is the most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.24% offered to property buyers. Sellers in Hornsby itself are offering an average vendor discount of -5.72% to real estate investors.
Often selling an investment property can take time, and in Hornsby the average time real estate has been on the market is 59.43 days.
Advertised rents are around the $620 mark per week – giving a return of 2.41% based on the median price in Suburb
Property investors who have had real estate in Hornsby, 2077 should be relatively pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 8.42%
A 57.95% growth in median value for property investors in Hornsby,2077 puts this suburb at number 250th in terms of best performing suburbs in NSW
Our latest figures would indicate that property sellers in Hornsby are currently offering property investors an average price cut of -3.59% below the asking price at the moment.
With the median price for a house in Hornsby being $695000 and the advertised rent reaching $490 the gross rental yield for property investors calculates out to be 3.67%