Derwent Valley Market Update 2 nd H a l f 2 0 2 6
FUTURE DEVELOPMENTS
OVERVIEW
In Q2 2026, Derwent Valley* recorded a median house price of $600,000, and a median land price of $190,000. This is an annual (Q2 2025 – Q2 2026) median price growth of 25.0% for houses and by 1.1% for vacant land. Between Q2 2025 – Q2 2026 house sales declined, by -2.0% (to 49 for houses in Q2 2026) and by -30.0% for land sales (to 14 sales in Q2 2026). The house and land market is undersupplied, which has created a buffer against multiple cash rate hikes in 2026. This suggests a continuing opportunity for homeowners to capitalise on their investments. There is a new supply of units/apartments commencing construction between 2025-2027, which will assist buyers and increase the options available.
CHANGE FROM LAST
YEAR
Derwent Valley£ will see approximately $185.5M of new developments due to commence construction between 2025-2027**.
Residential Mixed Use
HALF YEAR
$5.7M
$24.6M
HOUSE SALE S
Commercial $69.1M
HOUSE ME DIAN PRICE
Infrastructure $86.1M
HOUSE RE NTAL PRICE LAND SALE S
The significant influx of infrastructure and commercial developments in Derwent Valley£ between 2025 and 2027 will stimulate economic growth and improve liveability for the current residents. This can invite more people to call Derwent Valley£ home, which will increase demand for housing.
LAND ME DIAN PRICE
$
There are some residential projects due to commence construction in 2025 and 2027. These include:
MARKET CONDITIONS MEDIAN PRICE Q2 2026
$600K
$190K
MEDIAN PRICE Q2 2026
$550
SALES
AVERAGE DAYS ON MARKET Q2 2026
47
134
HOUSE
L A N D
RENTALS
$465
AVERAGE DAYS ON MARKET Q2 2026
21
9
HOUSE
U N I T
•
5 Poulters Road Units (9 Units)
•
11 Oak dale Road New Norfolk – (6 Residential Lots)
•
8 Station Street Units (7 Units)
•
6 Fowler Court Units (4 Units)
The incoming supply of new stock will assist in answering the undersupply seen across the market in Q2 2026. However, without any new houses in the pipeline it is still not enough. Thus, higher house prices is highly likely.
24 Units/ Apartments
6 Lots