Hornsby is a suburb located on the Upper North Shore of Sydney, Australia. The real estate in Hornsby is known for its steady growth and stability, making it an attractive option for buyers, sellers, and investors alike.
As of my knowledge cut off, the average home price in Hornsby is around $1.4 million for a house and $670k for a unit, which is relatively stable compared to other areas of Sydney. However, it's worth mentioning that these figures could have changed over time, and it's always important to check with a local real estate agent for the most up-to-date information.
In recent years, the sales trends in Hornsby have been steady, with a healthy balance of buyers and sellers in the market. This has resulted in relatively low levels of inventory, as properties are being quickly snapped up by buyers. This trend is particularly evident in the lower price ranges, where entry-level homes are in high demand.
Despite the steady market, it's worth noting that the property market can be affected by external factors such as the economic conditions, government policies, and global events. Even though Hornsby is considered as a more stable market, it can be affected by these factors.
One of the factors that has positively impacted the real estate market in Hornsby is the recent infrastructure development in the area. The government is investing in new transport infrastructure, such as the extension of the Sydney Metro Northwest and the upgrading of the Hornsby train station. This has made the suburb more accessible and has increased the appeal of Hornsby as a place to live and invest.
Another positive factor is the suburb's location, being close to the city and having great access to public transport, Hornsby is an ideal location for people looking for a suburban lifestyle but still wants to be able to easily access the city. Additionally, Hornsby has a strong community, a variety of schools, and several recreational activities, making it an attractive location for families.
In summary, the real estate market in Hornsby is known for its steady growth and stability, with an average home price of around $1.4 million for a house and $670k for a unit. Recent years has shown a healthy balance of buyers and sellers in the market, which has resulted in relatively low levels of inventory. The area's infrastructure development and location, proximity to the city and strong community, have positively impacted the property market in Hornsby. However, it's important to keep in mind that the property market can be affected by external factors, and it's always advisable to consult with a local real estate agent for the most up-to-date information.
