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PRD Bexley North Market Update 2nd Half 2025

Page 1

Bexley North Market Update 2 nd H a l f 2 0 2 5

FUTURE DEVELOPMENTS

OVERVIEW

In Q3 2025, Bexley North* recorded a median house price of $1,832,500, and a median unit price of $865,500. This represents annual (Q3 2024 – Q3 2025) median price stability for houses and a softening of -11.7% for units. Total sales increased between Q3 2024 – Q3 2025, by 8.6% (to 63 for houses in Q3 2025) and by 54.9% for units (to 79 sales in Q3 2025). There is a unique opportunity in the residential market in Bexley North* currently, with the median house price holding stable and a more affordable unit price, even though demand has increased. That said, with very limited new stock in the pipeline, this will not last. Thus, buyers must act fast.

CHANGE FROM LAST

YEAR

Bexley North will see approximately $50.7M of new projects commence construction between 2024 and 2026.

Residential $12.0M

HALF YEAR

$15.2M

HOUSE SALE S HOUSE ME DIAN PRICE

Mixed-Use Projects $22.4M

HOUSE RE NTAL PRICE

UNIT SALE S

Commercial and mixed-use projects will stimulate economic growth and make new jobs in Bexley North. This can have a spillover impact on the real estate market, in terms of higher demand for housing stock.

UNIT ME DIAN PRICE UNIT RE NTAL PRICE

A key commercial project is the Earlwood Bardwell Park RSL Club Refurbishment. This will improve local entertainment services for residents and can create new jobs.

$

Between 2024-2026 Bexley North* area is set to experience supply injections of both mixed use and residential projects, such as:

MARKET CONDITIONS MEDIAN PRICE Q3 2025

$1.8M

MEDIAN PRICE Q3 2025

$900

SALES

$866K

AVERAGE DAYS ON MARKET Q3 2025

45

40

HOUSE

U N I T

RENTALS

$650

Commercial

Kingsland Road & Commercial (26 Units)

Shaw Street Apartments & Shops (11 Apartments)

54 & 56 Caledonian Street (8 Dwellings)

The incoming supply of ready-to-go stock could potentially aid in answering demand in the area. However, compared to Q3 2025 sales of 63 houses and 79 units this is still not enough. Thus, the current undersupply will remain, pushing up prices further.

AVERAGE DAYS ON MARKET Q3 2025

19

20

HOUSE

U N I T

40 Units/ Apartments

4 Townhouses

8 Dwellings

40 Lots


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PRD Bexley North Market Update 2nd Half 2025 by PRD Real Estate - Issuu