While traditional markets in Sydney are becoming increasingly tight, Hornsby is emerging as a hotspot for starters and investors.
Just 25km north of Sydney’s CBD, Hornsby is a long overlooked location in the shadows of the city.
But buyers are increasingly aware of its potential as a suburb with everything they need close by.
Residents can hop on an express train and be in the city in no time, nature lovers will appreciate the many parks and families will benefit from access to top educational facilities.
Plus, Westfield Hornsby is located in the heart of the suburb, with favorite shops, cafes and restaurants under one roof.
Considering all the benefits, buyers have flocked to the suburb in recent years, driving strong data growth.
Realestate.com.au shows that prices have risen by a healthy 3.9% in the last twelve months alone, with rental yields of 4.8%.
Why Hornsby is Sydney’s next hotspot
Hornsby’s increasing appeal is creating new opportunities across the postcode, with high-quality developments offering comfortable living and redefining the landscape.
A recent project focusing on higher living is Habitat Hornsby, aimed at tackling the shortage of high-quality multi-bedroom apartments in the suburb.
“It’s a boutique project, but we have 67 apartments, mainly 2-bedroom and 3-bedroom,” says Robert Tasevski, managing director of the Haitchin Group.
“This represents something relatively new for the area, appealing to first home buyers, young families and downsizers attracted to three-bedroom apartments.”
Designed for comfortable living, the layouts measure just under 100 m² and have an open plan design leading to usable balconies.
According to Mr Tasevski, “the demographics in Hornsby are quite mixed”.
“We have some older couples, but we also have a younger generation coming in, so we’ve created something attractive for both these buyers and investors,” he says.
“For someone thinking about moving to an apartment, moving from a house to an apartment is a good benchmark. People can buy it today and then rent it out as an investment property for many years, and as they get closer to retirement they can move in.”
How design and lifestyle make Habitat distinctive
Large living is not the only appeal, with Habitat pursuing both beauty and functionality.
The project was designed by Tony Owen Architecture and is characterized by organic expression.
“It’s an absolutely beautiful building, it has these beautiful, curved balconies,” says Tasevski.
The 12-storey building is topped by a rooftop retreat with stunning 360-degree views and wellness amenities.
“We have an outdoor barbecue area and a community area where families and friends can gather for birthdays or other events,” says Tasevski.
“There are vegetable areas where residents can plant herbs, flowers or whatever they want. We also have fitness equipment on both the west and east sides, with four or five different places where you can exercise.”
The commitment to quality also extends into the homes with interiors designed by Place Studio.
The apartments also offer panoramic views of the Berowra Valley and Ku-ring-gai National Parks and buyers are well located, with the Westfield just 200 meters away.
Mr Tasevski adds that it is rated by WALKSCORE as almost twice as walkable as Sydney’s CBD.
With a distinctive design and an unbeatable location, Habitat Hornsby is one of the suburb’s highlights.
Why buyers are looking now
Habitat is now selling off-the-plan, with buyers embracing new construction purchases again, after several years when buyers shunned new developments.
Mr. Tasevski attributes this to people being attracted to Haitchin’s reputation as a trusted developer.
He explains that buyers want certainty and this project builds on the company’s proven track record following their soon to be completed premium development, Infinity Park Norwest.
He also points to new safeguards for buyers, including latent defects insurance (LDI), which provides 10 years of cover on the watertightness of the building structure for off-the-plan properties.
“If you buy a new luxury car, you get a warranty, so if you buy a luxury apartment, why wouldn’t you also get a warranty?” says Mr Tasevski.
PRD Norwest director David Inkster says the project comes at the perfect time as “investors outside the scheme are showing increased confidence, underpinned by the belief that economic conditions are improving.”
“Unlike last year, when potential buyers were hesitant, there is a clear shift towards commitment when the right property is in the right location,” he says.
“Sydney’s off-the-plan apartment market is not just surviving; it is adapting and evolving in response to buyer needs, paving the way for a promising future,” says Mr Inkster.
“As developers continue to innovate and respond to market demand, it appears that off-the-plan investors are on the cusp of a significant rebound.”
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