Hurstville Market Update 2 nd H a l f 2 0 2 5
FUTURE DEVELOPMENTS
OVERVIEW
In Q2 2025, Hurstville* recorded a median house price of $2,100,000 and a median unit price of $750,000. This represents an annual (Q2 2024 – Q2 2025) stable price growth for both houses and units. Comparing Q2 2024 and Q2 2025, total sales remained stable (at 40 sales in Q2 2025) for houses but grew by 54.6% (to 235 sales in Q2 2025) for units. This shows that the house market is undersupplied, whereas units are now highly demanded. Thus, now is an ideal time for sellers to capitalise their investments. Units offer a pathway to first home buyers, with a median price that is 30% of median house price. That said, with no new houses on the horizon unit prices will likely increase. Thus, buyers must act fast.
CHANGE FROM LAST
YEAR
Hurstville£ will see approx. $306.1M** of new projects commencing construction in 2025 and 2026. Residential
$18.0M
HALF YEAR
Commercial $32.3M
HOUSE SALE S Mixed-Use
HOUSE ME DIAN PRICE
Projects $251.0M
HOUSE RE NTAL PRICE
UNIT SALE S
Housing stock related projects that are planned in 2025/2026 include:
UNIT ME DIAN PRICE UNIT RE NTAL PRICE
$ MARKET CONDITIONS MEDIAN PRICE Q2 2025
$2.1M
$750K
MEDIAN PRICE Q2 2025
$730
SALES
AVERAGE DAYS ON MARKET Q2 2025
53
55
HOUSE
U N I T
RENTALS
$720
AVERAGE DAYS ON MARKET Q2 2025
28
24
HOUSE
U N I T
•
61 Forest Road – Mesa Hurstville Mixed Use (254 Apartments)
•
124 Forest Road (219 Apartments)
•
1A Pearl Street & 29-33 Gloucester Road (24 Units)
•
30-32 The Avenue (23 Units)
•
227 Forest Road (32 Apartments)
Although there are several residential and mixed-use projects planned, the new stock built are units. This is not surprising, due to the lack of available land in Hurstville*. That said, this will not be enough to answer current demand; especially when compared to the number of unit sales in Q2 2025 (235 sales). Without any new houses planned, this will become a scarce resource. The undersupply of houses will push prices up further, for all stock types (not just houses).
301 Units/ Apartments