Boosting Housing Supply Critical To Warding Off Further Price Growth: NAB
NAB’s Ross McEwan fronted the economics committee on Friday and called on the government to enact “decisive moves”...
Property investors enjoyed capital gains of 14.17% over the last 12 months in HORNSBY, translating to lower returns compared with its peers in NSW.
A survey of average capital gains or median home price increase in suburbs across the country shows that the NSW suburb obtained a 7.26% growth over a ten-year period. It ranks 749th on our list of suburbs that property investors should look into.
HORNSBY, 2077 has a capital gain of 14.17% for the past year, which is higher than average compared to its 16.55% growth within a five-year period.
With the median home price in HORNSBY sitting at $1,285,000, and the average rent at $620, property owners could potentially earn a 2.51% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in HORNSBY are low, as opposed to average gains per annum over the past five years.
HORNSBY, 2077 in NSW belongs to the local government area of Hornsby (A).
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||14.17%||0%|
|Median 3 years||-2.84%||-6.11%|
|Median 5 years||16.55%||-0.85%|
|10 years average annual||7.26%||4.58%|
|Weekly media advert. rent||$620||$430|
|Time on Market||40.6 days||59.2 days|
|Gross Rental Yield Percent||2.51%||3.47%|