If you compare the increase in value of investment property in Mount Colah, 2079 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was 0.00%.
Over the longer term, Mount Colah has seen property prices show investors a 1.04% return over the last 3 years. This is worse than over the last 12 months
Vendor discounting in Mount Colah is giving property investors an average Vendor Discount of around -4.26%. This puts suburb at number 364th in NSW when ranking the most discounted suburbs.
The NSW suburb of Mount Colah, 2079 is in the Hornsby (A) local government area.
At number 1612th in the list of Australian suburbs ordered by increase in median house value over the last year, Mount Colah, 2079 is in the BOTTOM 20% with a property value increase of 0.00% recorded in median house prices.
Taking the average capital gain, or increase in median house value, Mount Colah,2079 has racked up an average of 0.00% over the period. This ranks it number 1668th in the whole country for real estate investors looking at median house price increases.
The most recent median price for Mount Colah is $637500, with sellers offering an average of 0.00% off the asking price.
Residents and property investors in Mount Colah have been waiting around 0 days to sell a property.
Information supplied by:
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.