Bexley North Market Update 1 st H a l f 2 0 2 5
FUTURE DEVELOPMENTS
OVERVIEW
In Q1 2025, Bexley North* recorded a median house price of $1,800,000 and a median unit price of $955,000. This represents annual (Q1 2024 – Q1 2025) price growth of 11.5% for houses and 44.7% for units. Comparing Q1 2024 and Q1 2025, total sales tightened by -38.5% (to 40 sales in Q1 2025) for houses and by -45.9% (to 33 sales to Q1 2025) for units. This confirms a highly undersupplied market, with Q1 2025 sales figures being the lowest recorded in the past 24 months. This created a buffer against higher interest rates and underpinned the high price growth. Now is an ideal time for owners to capitalise on their investments, and with only a small amount of new ready-to-sell stock planned; buyers must act fast.
CHANGE FROM LAST
YEAR
Bexley North£ will see approximately $49.0M of new projects commencing construction between2024-2026.
Residential $10.4M
HALF YEAR
HOUSE SALE S
Mixed-Use Projects $22.4M
HOUSE ME DIAN PRICE HOUSE RE NTAL PRICE
UNIT ME DIAN PRICE UNIT RE NTAL PRICE
$ MARKET CONDITIONS
$1.8M
MEDIAN PRICE Q1 2025
$850
SALES
$955K
AVERAGE DAYS ON MARKET Q1 2025
50
51
HOUSE
U N I T
RENTALS
$622
Infrastructure $1.1M
Residential and mixed-use projects set to commence construction between 2024 and 2026 include:
UNIT SALE S
MEDIAN PRICE Q1 2025
Commercial $15.2M
•
7-11 Kingsland Road Units & Commercial Units (26 Units)
•
Shaw Street Apartments & Shops (11 Apartments)
•
54 & 56 Caledonian Street Dwellings (8 Dwellings)
•
120 Kingsland Road North Residential Subdivision (40 Lots)
Most of the residential projects in the pipeline plan to deliver units to Bexley North. Whilst this assist with answering some market demand, it is not enough. There is still very little new stand-alone houses planned; thus, the undersupply will remain. This will push prices up even further for the rest of 2025, for all stock types (not just houses).
AVERAGE DAYS ON MARKET Q1 2025
18
17
HOUSE
U N I T
40 Units/ Apartments
8 Dwellings
40 Lots