Hornsby Market Update

Key Takeaways: Property Market Insights

• Significant Value Gap: Hornsby’s median house price of $1.73m is over $1 million lower than neighbouring Wahroonga ($2.8m) and Turramurra ($3.0m).
• The Ripple Effect: As buyers are priced out of the Lower and Mid North Shore, demand is expected to push north, likely correcting the current price disparity.
• Strategic Opportunity: Current flat market conditions offer a rare window for buyers to negotiate with less competition before the next growth cycle begins.
• Unit Stability: The unit market remains an accessible entry point at a median of $720k, providing an affordable option for first-home buyers on the North Shore line.
• Expert Advice: A data-led approach is recommended to navigate these shifting fundamentals and secure long-term value.

While media headlines focus on the volatility of the inner city, the Hornsby property market is telling a different story—one of incredible value and imminent opportunity.

As we head into February, the data reveals a market that is currently pausing for breath, offering a rare window for savvy buyers to enter before the next cycle begins.

The current "flat" conditions are a buyer's friend—you have less competition and more time to negotiate. However, with the price gap to Wahroonga so wide, this window won't stay open forever. If you are looking to buy a property and want a data-led approach to your next move, reach out to the team at Bow Tie Buyers Agency.

The Price Gap The median house price in Hornsby currently sits at $1.73m. While substantial, the real story is the comparison to our neighbours. With Wahroonga’s median at $2.8m and Turramurra’s at $3.0m, there is now a price gap of over $1 million just one suburb over.

This disparity is unsustainable. As buyers find themselves priced out of the Lower and Mid North Shore, the "ripple effect" will inevitably push demand north, correcting this gap.

House vs. Unit Performance Growth in the local housing market has been relatively flat over the last 12 months. However, smart investors view flat markets as buying opportunities, not warning signs. The fundamentals suggests the market is poised to "kick" again as that migration from the south intensifies.

The unit market remains an accessible entry point, with a median price of $720k. While growth has been slow at 1.5%, this sector continues to offer stability and remains one of the few affordable options for first-home buyers on the North Shore line.

The Verdict If you are looking to buy, the current "flat" conditions are your friend—you have less competition and more time to negotiate. But with the price gap to Wahroonga so wide, this window won't stay open forever.

Tim Mitchell is the Principal Buyer’s Agent at Bow Tie Buyers Agency.