Investment property in Hornsby has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 4.06%
When looking at the potential capital gains offered to property investors over the last 3 years, Hornsby comes in at number 1155th in NSW.
At number 574 in a list of fastest selling suburbs, Hornsby is in the TOP 20% of suburbs in Australia with an average of days on market 52.0303 for properties listed there.
With a capital gain of -0.15% for the last 12 months, Hornsby, 2077 has performed for property investments than its average annual 5.45% property growth over the last 5 years.
Hornsby,2077 has offered an average of -0.15% return per annum in house price rises to property investors over the last three years.
The most recent median price for Hornsby is $649000, with sellers offering an average of -4.15% off the asking price.
Residents and property investors in Hornsby have been waiting around 52.5738 days to sell a property.
A $465 per week rent on the median house gives suburb investors a gross yield of circa 3.73%, without taking into account capital value appreciation, which has been averaging out at 5.45%.
Information supplied by:
Hornsby, NSW – Demand goes down
Median house price: $1,136,000
Vacancy rate: 3.2%
Three-year growth: -1.6%
The administrative centre of the Hornsby Shire LGA, the suburb of Hornsby sits on Sydney’s Upper North Shore. It was named for former convict Samuel Henry Horne, who eventually became a constable.
Hornsby has many heritage-listed sites, including Mount Wilga House, Old Man’s Valley Cemetery and the Hornsby War Memorial. The Hornsby Water Clock is a notable landmark of the suburb, as is the Odeon Cinema. The Hornsby railway station is an interchange station that serves the T1 North Shore and the T9 Northern Line. The suburb is also connected to the Pacific Highway.
This million-dollar suburb has seen prices fall over recent years, with the vacancy rate increasing by one full percent in the year to June 2019.