Hornsby property
market sizzles
I’ve been keeping a close eye on this market for a long
while and I’ve noticed that the last couple of months have been particularly
busy.
The properties on market are getting sold within the first week.
It would seem that buyers are intent on getting their hands on the available
properties here.
Who could blame them? There’s a lot to like about Hornsby.
First and foremost is the convenience.
The big Westfield shopping centre houses massive array of
retailers, restaurants and even cinemas. There’s also a couple of fitness clubs
for the health buffs and a large number of medical centres.
The Hornsby train station is a major stop for all trains
travelling to and from Newcastle to the city and also for those travelling the
Northern and North Shore lines. The suburb is about 22km to the Sydney CBD and
takes about 45 minutes drive via the Pacific Highway.
The Hornsby hospital is within easy walk from the Hornsby
CBD and there are also a number of schools ranging from primary to secondary
levels.Hornsby scores high in terms of liveability. It’s relatively safe and quiet. My street is considered a main thorougelyhfare, yet it’s quiet. My neighbours are great. They even take my rubbish bin in for me.
Rents are rising but still relatively affordable compared to
neighbouring suburbs such as Waitara, Wahroonga or Turramurra. Property prices
are also much lower when compared to these suburbs.
While there are a couple of housing developments underway, I
believe demand from the fast-growing population will soak it up fast. Hornsby
has been touted as the next “Chatswood” and with the rate it’s going, this may
happen sooner than later.
Hornsby suburb stats
Median listing price (2 bedroom units): $438,000
12 month growth: 2.2%
Median weekly rent: $430
Gross rental yield: 5.1%
Best buys: 2 bedroom units
Where: Units around May Street, Muriel Street and Florence
Street are highly desirable
Disclosure : Author owns an investment property in the
suburb.