Derwent Valley Market Update 2 nd H a l f 2 0 2 5
FUTURE DEVELOPMENTS
OVERVIEW
In Q2 2025, Derwent Valley* recorded a median house price of $505,050 and a median vacant land price of $175,000. This is an annual (Q2 2024 – Q2 2025) price growth of 3.1% for houses, which is accompanied by a 17.0% increase (to 55 sales in Q2 2025) for houses. Vacant land prices are softer in Q2 2025, however there were only 11 sales recorded, thus a very small market. These key indicators suggests a highly demanded housing market and an ideal time for owners to capitalise on their investments. Moreover, with no new ready-to-sell houses planned, buyers must act fast before houses are undersupplied and there is further price growth.
CHANGE FROM LAST
YEAR
Derwent Valley£ will see approximately $184.2M of new projects commencing construction in 2025. Residential $2.6M Mixed-Use Projects $26.6M
HALF YEAR
HOUSE SALE S
Commercial $73.1M
HOUSE ME DIAN PRICE Infrastructure
HOUSE RE NTAL PRICE
$80.9M
LAND SALE S A main commercial project is the Bronte-Brady Mini Hydro ($50.0M), which will generate clean renewable energy from the flow of water from the Bronte Lagoon. This project will have a major economic boost to Derwent Valley region, which in turn can stimulate demand for housing.
LAND ME DIAN PRICE
$
Key residential projects include:
MARKET CONDITIONS
•
5 Poulters Road Units (9 Units)
SALES
•
6 Fowler Court Units (4 Units)
•
11 Oakdale Road New Norfolk – Residential Subdivision (6 lots)
MEDIAN PRICE Q4 2024
$505K
$175K
MEDIAN PRICE Q4 2024
$500
AVERAGE DAYS ON MARKET Q4 2024
85
170
HOUSE
L A N D
RENTALS
$430
AVERAGE DAYS ON MARKET Q4 2024
19
19
HOUSE
U N I T
Although several residential projects are planned in Derwent Valley, they will only add new units/apartments and residential lots (which takes time to develop). Further, 13 new units is not enough to satisfy demand. With an absence in new stand-alone or ready-to-go houses in the 2025 pipeline, prices will likely go up, not just for houses but for all stock types.
13 Units/ Apartments
6 Lots