At number 3462th in the list of Australian suburbs ordered by increase in median house value over the last year, Hornsby, 2077 is in the BOTTOM 20% with a property value increase of -10.77% recorded in median house prices.
A 22.37% growth in median value for property investors in Hornsby,2077 puts this suburb at number 844th in terms of best performing suburbs in NSW
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.38% offered to property buyers. Sellers in Hornsby itself are offering an average vendor discount of -6.25% to real estate investors.
In the last year 89 properties changed hands in Hornsby, which puts it as the 225th most active market in NSW when comparing the number of sales per suburb.
Hornsby is 947th on a list of best yielding suburbs for rents in NSW with a 3.04% return
With a capital gain of -3.81% for the last 12 months, Hornsby, 2077 has performed for property investments than its average annual 5.99% property growth over the last 5 years.
A 16.13% growth in median value for property investors in Hornsby,2077 puts this suburb at number 246th in terms of best performing suburbs in NSW
Property buyers and investors in Hornsby 2077 should be seeing an average reduction in asking price of around -6.72% . This means that Hornsby is holding prices well when compared to other suburbs in NSW.
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.