Gundagai Market Update 1 st H a l f 2 0 2 5
OVERVIEW
In Q4 2024, Gundagai* recorded a median house price of $472,500 and a median vacant land price of $262,500 This is a 12 months (Q4 2023 - Q4 2024) growth of 2.2% for houses and softening of -12.5% for vacant land. Comparing Q4 2023 and Q4 2024, total sales increased by 25.0% (to 15 sales) for houses, however fell by -12.5% (to 3 sales) for vacant land. There is an undersupplied house market in Gundagai*, creating a buffer against higher interest rates. Median house price also increased in the past 6 months to Q4 2024, by 4.5%. Without any new residential projects planned in recent years, house prices are likely to further increase.
CHANGE FROM LAST
YEAR
FUTURE DEVELOPMENTS Gundagai£ will see approximately $754.0M of new projects commencing from 2023-2026. Mixed-Use Infrastructure Projects $129.0M
$4.6M
HALF YEAR
HOUSE SALE S HOUSE ME DIAN PRICE
Commercial $620.3M
HOUSE RE NTAL PRICE
Clara Energy Project Rosedale – Project Rosedale Hydrogen Facility ($600.0M). This project will deliver renewable energy from both solar and hydrogen to the CootamundraGundagai Region, ensuring long term economic benefits to the area.
LAND SALE S LAND ME DIAN PRICE
$ MARKET CONDITIONS MEDIAN PRICE Q4 2024
$472K
$262K
MEDIAN PRICE Q4 2024
$440
SALES
AVERAGE DAYS ON MARKET Q4 2024
92
150
HOUSE
L A N D
RENTALS
$320
AVERAGE DAYS ON MARKET Q4 2024
27
28
HOUSE
U N I T
The largest infrastructure project in Gundagai from 2023-2026 is the Australian Inland Rail Expressway Illabo to Stockinbingal to Parkes ($100.0M). This key state development will add 27 kilometres of single track from Illabo to Stockinbingal. This development will help to grow and improve connections between the Greater Cootamundra-Gundagai area and others. The Dog on the Tuckerbox Gundagai is the only Mixed-Use Development Stages 1A, 1B and 1C ($4.6M). This development will add cafes, shops and playgrounds which improves liveability for local residents. There is an absence in residential projects since 2023, and at present, none for 2025 and 2026. This means there are no new stand-alone readyto-sell stock coming to market, or land lots for developments. Thus, the undersupply will continue, which will push up property prices even further.