79/117 Pacific Highway, Hornsby NSW 2077

Price stable | 2-bed strata flat in Hornsby | modest yield near 5% | buyer caution on flat growth trend This unit is positioned as a conventional entry-level holding in a well-connected Hornsby location, where the primary advantage is its modest price point relative to house-and-land alternatives. The 2-bedroom configuration with one parking space suits first-home buyers or downsizers seeking low-maintenance living near transport and schools. The estimated gross yield of approximately 5% is acceptable for the segment, though not exceptional, and the building’s tenure mix suggests reasonable turnover without distress. The most significant risk is the flat-to-negative capital growth observed in comparable units within the same building, where annual returns range from -0.83% to 1.84% over recent holding periods. This underperformance relative to broader market averages means the buyer is paying for stability, not appreciation. The lack of bushfire, flood, or heritage overlays is neutral. For a buyer, this property functions best as a long-term hold for steady rental income, not a short-term capital play.