Mount Colah has had a very poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of -14.96% to date .
Across a shorter period, Mount Colah, 2079 has seen a median price increase of -3.58% over the last quarter.
The most recent median price for Mount Colah is $969000, with sellers offering an average of -10.03% off the asking price.
Residents and property investors in Mount Colah have been waiting around 78.3125 days to sell a property.
Situated 23.88km from the CBD, Mount Colah is one of Hornsby (A) localities in the postcode 2079.
NSW has seen average median house prices change by -4.02% which means that Mount Colah, 2079 has not done well for property investors by showing a capital gain of -2.44% over the last year
If we look at median property appreciation over just the last three months, Mount Colah has given property investors a paper return of 1.69%. This puts Suburb as 106 on a list of fastest fasting appreciating suburbs in NSW
Using the current median advertised rental of $490 and the average annual increase in value of a median property of -0.80%, investors should hope to achieve an overall return of 4.25%
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Property stock skyrockets
Median house price: $1,200,000
Stock on market: 200.0%
12-month growth: 15.4%
A suburb of northern Sydney, located around 29km from the CBD, Mount Colah is well situated near the Pacific Highway. It’s median house price of $1.2m indicates its status as a premium suburb that attracts very strong demand from buyers.
Housing stock increased sharply from just 13 houses in 2017 to 33 in the space of 12 months, while the supply of units soared from 5 to 21. Despite this increased level of stock available, growth has not slowed down in the April 2017-2018 period, particularly for house prices, which rose by 15.4%. Such dwellings also spent an average of just 41 days on the market.
With a sparkling reputation – in 2010, Mount Colah was awarded Australia’s Best Suburb in a Ninemsn survey – it is well served by trains running along the Main North Line and buses. It is also part of the commercial area of Bobbin Head.