Kingsgrove Market Update 1 st H a l f 2 0 2 5
FUTURE DEVELOPMENTS
OVERVIEW
In Q1 2025, Kingsgrove* recorded a median house price of $1,660,000 and a median unit price of $650,000. This is an annual (Q1 2024 – Q1 2025) slight price softening of -6.5% for houses, but a price increase of 3.6% for units. Comparing Q1 2024 and Q1 2025, sales softened by -13.8% (to 125 sales in Q1 2025) for houses and increased by 41.6% (to 109 sales in Q1 2025) for units. House prices have been impacted by higher interest rates, even if there is less stock available. This creates an opportunity for buyers. Units have become highly demanded, due to low house stock available and its comparative affordability in price. This has pushed up unit prices, creating an opportunity for owners to capitalise on their investment.
CHANGE FROM LAST
YEAR
Kingsgrove£ will see approximately $101.6M of new projects commencing construction between 2025 and 2026.
Residential $20.0M
HALF YEAR
Mixed-Use Projects $17.0M
HOUSE SALE S HOUSE ME DIAN PRICE
Commercial $57.0M
Infrastructure $2.1M Industrial $5.5M
HOUSE RE NTAL PRICE
A focus on commercial projects will bring more services and create local jobs in the area, making Kingsgrove* a more vibrant place to do business.
UNIT SALE S UNIT ME DIAN PRICE
Residential and Mixed-Use projects set to commence construction in 2025 and 2026 include (but not limited to):
UNIT RE NTAL PRICE
•
892-906 Canterbury Road (50 Units)
•
MARKET CONDITIONS
84-88 Chapel Street Belmore Units (20 Units)
•
SALES
599-603 Canterbury Road Apartments (36 Apartments)
•
82 Riverview Road Units (11 Units)
•
2-6 Martin Street (4 Dwellings)
$ MEDIAN PRICE Q1 2025
$1.6M
$650K
MEDIAN PRICE Q1 2025
$838
AVERAGE DAYS ON MARKET Q1 2025
56
78
HOUSE
U N I T
RENTALS
$620
AVERAGE DAYS ON MARKET Q1 2025
24
25
HOUSE
U N I T
Although there are few residential and mixed-use projects delivering stock, it is no enough to answer the demand. There is very little new stand-alone houses planned and the number of units in the pipeline does not match current sales figures. This is expected to push prices up, for all stock types.
117 Units/ Apartments
4 Dwellings