Mount Colah is an average performer in NSW when comparing median price capital growth over the last year. Mount Colah gave property investors a good capital gain figure when compared to the rest of the state, with 4.41%.
While Mount Colah,2079 ranked number 358th in NSW for increase in median house value (annualised) increase, it is ranked 796th over the last 5 years.
Our latest figures would indicate that property sellers in Mount Colah are currently offering property investors an average price cut of -8.33% below the asking price at the moment.
Giving property investors a an average capital gain of -0.23% for the last year, Mount Colah, 2079 is the 841th highest performer in Australia in this respect.
Mount Colah,2079 has offered an average of -0.23% return per annum in house price rises to property investors over the last three years.
Property buyers and investors in Mount Colah 2079 should be seeing an average reduction in asking price of around -5.36% . This means that Mount Colah is holding prices well when compared to other suburbs in NSW.
In the last year 59 properties changed hands in Mount Colah, which puts it as the 212th most active market in NSW when comparing the number of sales per suburb.
The NSW suburb of Mount Colah, 2079 is in the Hornsby (A) local government area.
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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.