The local government area (LGA) of the Shire of Hornsby lies on the northern edge of Sydney’s urban area. Property values in the LGA are very closely tied to the economic success of the county’s largest city. After experiencing very strong price growth, the Sydney property boom is going through a period of correction. As can be seen in the map below, Sydney’s urban area has started to experience price falls. The attractiveness of property in the Shire of Hornsby has been reduced by the market price correction. It has been one of the worst hit LGAs in the region.