Habitat Hornsby, the landmark residential project by Haitchin Group, is entering a market primed for growth, according to a new research report authored by PRD Real Estate Chief Economist, Dr Diaswati Mardiasmo.
The study highlights a significant undersupply of apartments in Hornsby, combined with strong demographic growth and a stable economic environment, creating ideal conditions for both homeowners and investors.
Key Findings from PRD Research
- Undersupply of Apartments: Hornsby is projected to need an additional 9,600 units by 2046 to meet demand, with only 32% of residents currently living in apartments. Habitat Hornsby offers 67 units, exceeding the average planned development of 65 units, giving it a competitive edge.
- Population Growth Driving Demand: Hornsby’s residential population is forecast to grow from 154,834 in 2024 to 185,287 by 2046, an increase of over 30,000 residents, creating sustained demand for housing.
- Rental Market Strength: Hornsby has a low vacancy rate of just 1.3%, below the Upper North Shore (1.6%) and Sydney Metro (1.8%), and well under the Real Estate Institute of Australia’s healthy benchmark of 3%, indicating faster rental occupancy and stronger rental returns.
- Investor Confidence: NSW property investors are back at historic highs, with a 21.6% growth in investment volumes over the past 12 months, totalling $15.3 billion. Favourable economic conditions including low cash rates, high rental demand, and persistent housing supply issues support long-term capital growth.
- Competitive Advantage: Habitat Hornsby stands out from other planned developments due to:
- Its central location, just 10 minutes from key amenities and the Berowra Valley
- Future-proofed design and modern facilities
- Larger number of units than nearby projects, offering a better choice for buyers
- Infrastructure & Liveability: Ongoing local and state government investment in transport and community infrastructure enhances accessibility and liveability, further supporting long-term property values.
A Market Primed for Habitat Hornsby
Habitat Hornsby is strategically designed to leverage these market dynamics, offering both lifestyle appeal and strong long-term capital growth potential.
Dr Diaswati Mardiasmo, Chief Economist at PRD Real Estate, said:
“Our analysis shows that Hornsby is experiencing strong population growth, high rental demand, and a limited supply of new apartments, particularly in both premium and affordable segments. Projects like Habitat Hornsby are well-positioned to meet this growing demand, offering buyers and investors a secure opportunity in a suburb with strong long-term capital growth potential and sustainable market fundamentals.”
Haitchin Group General Manager Rob Tasevski said:
“The findings from this market research align closely with our own analysis, confirming the urgent need for both premium and affordable housing in Hornsby. Habitat Hornsby is designed to respond to this demand, with a central location, thoughtfully future-proofed design, and modern facilities that provide a compelling lifestyle for both owner-occupiers and investors.”
PRD Norwest Managing Director David Inkster said:
“Taken together, these factors underscore why Habitat Hornsby represents a timely and strategic opportunity for both buyers and investors. With demand outpacing supply in a suburb undergoing transformation, the project delivers lifestyle appeal, strong rental potential, and long-term capital growth.”
Residences at Habitat Hornsby are priced from $845,000 for a two-bedroom apartment with car space and generous indoor-outdoor living.
To coincide with the lead-up to launch, purchasers will be offered a limited incentive throughout the month of February, with further details available by visiting the Display Suite located in Florence Street, just off Hornsby Mall.
To register interest, visit habitathornsby.com.au, contact PRD Norwest on 0455 120 777, or visit the Display Suite at Shop 1, 26 Florence Street, Hornsby.
