Property investors enjoyed capital gains of 3.64% 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 6.04% growth over a ten-year period. It ranks 2546th on our list of suburbs that property investors should look into.
HORNSBY, 2077 has a capital gain of 3.64% for the past year, which is lower than average compared to its 44.53% growth within a five-year period.
With the median home price in HORNSBY sitting at $1,850,000, and the average rent at $630, property owners could potentially earn a 1.77% 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.
Hornsby, located approximately 23 kilometres north-west of Sydney's central business district, serves as the administrative centre of Hornsby Shire.
According to the 2021 Census, Hornsby has 22,462 residents, with a median age of 38. The suburb is culturally diverse, with 44.7% of residents born in Australia and significant communities from China (12.6%), India (5.7%), and Nepal (4.4%).
Public transportation in Hornsby is well-developed. Hornsby railway station is a major interchange on the T1 North Shore and Central Coast & Newcastle Lines, providing residents with direct access to Sydney's CBD and surrounding regions. Additionally, several bus routes connect Hornsby to neighbouring suburbs and essential services.
The suburb offers a range of essential establishments. Westfield Hornsby, a major shopping centre, features various retail stores, dining options, entertainment facilities, and a cinema complex. Educational institutions in the area include Hornsby North Public School, Hornsby South Public School, Hornsby Heights Public School, Barker College, and Hornsby Girls' High School.
Recreational activities are abundant in Hornsby. The suburb boasts 22 parks, covering nearly 19.2% of its total area, providing ample green spaces for outdoor activities.
Hornsby's combination of accessible transportation, essential services, and recreational facilities contributes to its residential appeal.