The Hills Shire Market Update 1 st H a l f 2 0 2 5
FUTURE DEVELOPMENTS
OVERVIEW
In Q4 2024, The Hills Shire* recorded a median house price of $1,530,000 and a median unit price of $820,000. This represents annual (Q4 2023 Q4 2024) tightening of -5.0% for houses and -3.2% for units. Comparing Q4 2023 and Q4 2024, total sales increased by 3.2% (to 1177 sales) for houses and decreased by -17.4% (to 968 sales) for units. Although there was an increase in demand over the last 12 months from Q4 2023 to Q4 2024 there was a decrease in the past 6 months from Q2 2024 to Q4 2024. The current softening in house prices reflect higher interest rates and current economic conditions. Buyers should act quickly to take advantage of the house prices before there is a recovery.
CHANGE FROM LAST
YEAR
The Hills Shire£ will see approximately $4.7B of new projects commencing construction in 2025. Commercial
$514.5M Industrial
$26.3M
HALF YEAR
Residential
HOUSE SALE S HOUSE ME DIAN PRICE
Projects
$1.5B
There are multiple residential and mixed-use projects planned for 2024 that will help boost supply, including:
UNIT SALE S UNIT ME DIAN PRICE UNIT RE NTAL PRICE
$ MARKET CONDITIONS
$1.5M
MEDIAN PRICE Q4 2024
$800
SALES
$820K
AVERAGE DAYS ON MARKET Q4 2024
67
61
HOUSE
U N I T
RENTALS
$660
$889.8M Mixed-Use
HOUSE RE NTAL PRICE
MEDIAN PRICE Q4 2024
Infrastructure
$1.8B
•
Northern Residential Precinct Rouse Hill Structure Plan (400 Apartments)
•
Cudgegong Town Centre (456 Apartments)
•
49 Terry Road Apartments – The Collection (296 Units & 15 Townhouses)
•
Hughes Avenue Apartments (261 Apartments)
With the signficant supply of readyto-go properties entering both the housing and units markets in 2025 The Hill Shires residential market is expected to see positive growth as buyers re-enter the market.
AVERAGE DAYS ON MARKET Q4 2024
27
27
HOUSE
U N I T
5549 Units/ Apartments
187 Townhouses
643 Dwellings
8,035 Lots