Dapto Market Update 2 nd H a l f 2 0 2 4
FUTURE DEVELOPMENTS
OVERVIEW
In Q3 2024, Dapto* recorded a median house price of $862,500, and a median unit price of $740,000. This represents annual (Q3 2023 – Q3 2024) price growth of 12.2% for houses and 13.8% for units. Comparing Q3 2023 – Q3 2024, sales increased by 2.8% for houses (to 147 sales in Q3 2024) and by 13.8% for units (to 24 sales in Q3 2024). Confidence has returned to Dapto*, with properties in high demand and the market seeing growth in both price and sales volume. This suggests that now in an ideal time for owners to capitalise on their investments, and buyers should act fast before there is further price growth.
CHANGE FROM LAST
YEAR
Dapto will see approximately $430.0M of projects commencing construction between 2024 and 2025. Commercial
$12.7M
HALF YEAR
Industrial
$5.7M
Infrastructure
HOUSE SALE S
Residential
$194.6M
HOUSE ME DIAN PRICE
$83.2M Mixed-Use Projects
HOUSE RE NTAL PRICE
$133.8M
UNIT SALE S The most significant residential project between 2024 and 2025 is the Marshall Mount Road Residential Subdivision Stage 1 ($85.0M), creating 149 lots.
UNIT ME DIAN PRICE UNIT RE NTAL PRICE
Other developments include:
$ MARKET CONDITIONS MEDIAN PRICE Q3 2024
$862K
SALES
$740K
MEDIAN PRICE Q3 2024
AVERAGE DAYS ON MARKET Q3 2024
53
90
HOUSE
U N I T
RENTALS
•
Tharawal Drive ( 50 Dwellings)
•
98-100 & 102-110 Princes Highway (52 units)
•
Cleveland Road & Bong Bong Road Subdivision Forest Reach (174 Lots)
Whilst there is a significant supply of residential projects, the majority are land lots and will need time to develop into houses. The amount of ready-tosell stock planned will not be enough to satisfy current demand. The possibility of an undersupply is high, which can push up property prices even further.
AVERAGE DAYS ON MARKET Q3 2024 52 Units/ Apartments
$645
$570
18
16
HOUSE
U N I T
3 Townhouses
50 Dwellings
1207 Lots