Casino Market Update 1 st H a l f 2 0 2 5
FUTURE DEVELOPMENTS
OVERVIEW
In Q4 2024, Casino* recorded a median house price of $462,500 and a median unit price of $310,000. This is an annual (Q4 2023 - Q4 2024) growth of 5.1% for houses, but a softening of -5.2% for units. Comparing Q4 2023 and Q4 2024, house sales grew by 6.9% (to 62 sales in Q2 2024) while unit sales declined by -33.3% (to only 6 sales in Q4 2024). Demand for houses remained strong, creating a buffer against higher interest rates. Units have become slightly more affordable for buyers; however, with limited ready-to-sell dwellings planned and land lots needing time for construction, buyers must act fast before property prices rise further.
CHANGE FROM LAST
YEAR
Casino£ will see approximately $501.2M of new projects commencing in 2025. Commercial $18.2M Industrial $16.2M
Residential $4.9M
Infrastructure $25.1M
HALF YEAR
HOUSE SALE S Mixed-Use $436.8M
HOUSE ME DIAN PRICE HOUSE RE NTAL PRICE
A main mixed-use project is Casino Biohub, which will feature a bioenergy facility capable of processing up to 903,000 tonnes per annum of organic waste using anaerobic digestion technology. This will stimulate the local economy through job creation, attracting more people to the area.
UNIT SALE S UNIT ME DIAN PRICE UNIT RE NTAL PRICE
$
Key housing related projects include:
MARKET CONDITIONS MEDIAN PRICE Q4 2024
$462K
$310K
MEDIAN PRICE Q4 2024
$500
SALES
AVERAGE DAYS ON MARKET Q4 2024
79
89
HOUSE
U N I T
RENTALS
$330
•
Hare & Lennox Streets Residential Subdivision (46 Lots)
•
7-9 Callistemon Street (9 Dwellings)
•
146-152 Johnston Street (13 Units)
There are a few housing-stock related projects are planned in Casino, adding only a limited number of stand-alone houses and units, which is not enough to answer demand. This is additional pressure on the housing market, which will likely drive prices higher.
AVERAGE DAYS ON MARKET Q4 2024
27
35
HOUSE
U N I T
13 Units/ Apartments
9 Dwellings
46 Lots