Blue Mountains Market Update 2 nd H a l f 2 0 2 5
FUTURE DEVELOPMENTS
OVERVIEW
In Q2 2025, Blue Mountains* had a median house price of $1,000,000 and a median strata property price of $745,000. This is an annual (Q2 2024 – Q2 2025) price growth of 12.4% for houses and 0.7% for strata properties. Comparing Q2 2024 and Q2 2025, sales declined by -13.5% (to 334 sales in Q2 2025) for houses and -3.6% (27 sales in Q2 2025) for strata properties. There is an undersupplied market, particularly for houses, which created a buffer despite higher interest rates - hence price growth. This suggests now is an ideal time for owners to capitalise on their investments. Further, looking into planned new housing stock, there is very little in the pipeline. Thus, buyers must act fast before there is further price growth.
CHANGE FROM LAST
YEAR
Blue Mountains£ will see approximately $127.7M of new projects commencing construction in 2025. Residential $15.1M
$17.1M
HALF YEAR
Infrastructure
HOUSE SALE S
$12.9M
HOUSE ME DIAN PRICE
Mixed Use $77.9M
HOUSE RE NTAL PRICE STRATA PROPE RT IE S SALES
There are some residential & mixeduse projects set to commence in Blue Mountains in 2025. These include:
STRATA PROPE RT IE S MEDIAN PRICE STRATA PROPE RT IE S RENTAL PRICE
$ MARKET CONDITIONS MEDIAN PRICE Q2 2025
$1.0M
MEDIAN PRICE Q2 2025
$650
SALES
$745K
AVERAGE DAYS ON MARKET Q2 2025
85
73
HOUSE
U N I T *
RENTALS
$480
Commercial
AVERAGE DAYS ON MARKET Q2 2025
18
18
HOUSE
U N I T *
*Unit = Strata Properties
•
11 Glendarrah Street Units (12 Units)
•
21 Stuarts Road Residential Subdivision (48 Residential Lots)
•
54 Waratah Street Units (6 Units)
•
6 Blackheath Street Units (6 Units)
•
1-7 Honour Avenue Shop Top Housing Additions (3 Units)
At present, all ready-to-sell residential and mixed-use projects in the pipeline plan to deliver units to Blue Mountains£. There are some land lots created, but this will take time to develop into a ready-to-live in house.
As a result, the number of planned new stock will not answer market demand, especially when compared with the number of houses and unit sales in Q2 2025 (334 and 27 respectively). Thus, an undersupply will remain, which will push up property prices even further.
29 Units/ Apartments
48 Lots