Bungendore Market Update 2 nd H a l f 2 0 2 5
FUTURE DEVELOPMENTS
OVERVIEW
In Q2 2025, Bungendore* recorded a median house price of $1,100,000 and a median unit price of $565,000. This represents annual (Q2 2024 – Q2 2025) price growth of 13.7% for houses and 10.8% for units. Comparing Q2 2024 and Q2 2025, total sales declined by -22.2% (to 21 sales in Q2 2025) for houses and -20.0% (to 4 sales in Q2 2025) for units. This confirms an undersupply in the Bungendore* market, which along with recent interest rate cuts has caused price growth. Thus, now is an ideal time for owners to capitalise on their investments. Furthermore, there is only a limited number of ready-to-go stock planned, which is not enough to satisfy the current demand. Thus, buyers must act fast before further price growth.
CHANGE FROM LAST
YEAR
Bungendore£ will see approximately $309.7M of new projects commencing construction from 2022 - 2027.
Residential $18.4M
HALF YEAR
HOUSE SALE S
Infrastructure $281.7M
HOUSE ME DIAN PRICE HOUSE RE NTAL PRICE
UNIT SALE S
The General John Baker Headquarters Operations Command Facility project in 2025 is a local government initiative. Along with other key infrastructure projects this will improve liveability for current Bungendore residents.
UNIT ME DIAN PRICE
There are some residential projects due to commence construction between 2022 and 2027. These are:
$ MARKET CONDITIONS
•
Elm Grove Estate (260 Land Lots)
•
73 Ellendon Street (14 Units)
SALES
•
73 Ellendon Street (6 Dwellings)
MEDIAN PRICE Q2 2025
$1.1M
$565K
MEDIAN PRICE Q2 2025
$730
AVERAGE DAYS ON MARKET Q2 2025
100
84
HOUSE
U N I T
RENTALS
$610
With a limited number of ready-to-go stock planned, Bungendore’s house market is likely to continue to see an undersupply. This will continue to push up prices, not only for houses but also other property types, as buyers look for alternatives in the market.
AVERAGE DAYS ON MARKET Q2 2025
33
24
HOUSE
U N I T
14 Units
6 Dwellings
260 Lots