Kingsgrove Market Update 1 st H a l f 2 0 2 6
FUTURE DEVELOPMENTS
OVERVIEW
In Q1 2026, Kingsgrove* recorded a median house price of $2,080,000, and a median unit price of $757,500. This represents an annual (Q1 2025 – Q1 2026) median price growth of 21.5% for houses and 20.2% for units. Comparing Q1 2025 and Q1 2026, sales decreased by -20.8% for houses (to 95 sales in Q1 2026) and increased by 5.1% for units (to 82 sales in Q1 2026). Houses and units are highly demanded in Kingsgrove*, which created a buffer against higher interest rates in early 2026. Thus, now is still an ideal time for owners to capitalise on their investments. With little ready-to-go housing stock planned in 2026, buyers must act fast.
CHANGE FROM LAST
YEAR
Kingsgrove is set to see approximately $54.6M of new projects commence construction in 2026.
Commercial $2.4M
Industrial $4.7M
HALF YEAR
Mixed-Use
HOUSE SALE S Residential
HOUSE ME DIAN PRICE
$39.1M
HOUSE RE NTAL PRICE
UNIT SALE S
The diverse array of projects planned for Kingsgrove* will provide the local area with economic stimulation, boosting income through local job creation, and improved infrastructure. This can drive the demand for more housing stock.
UNIT ME DIAN PRICE UNIT RE NTAL PRICE
There are several housing-stock projects planned for 2026 in Kingsgrove*, such as:
$ MARKET CONDITIONS MEDIAN PRICE Q1 2026
$2.08M
MEDIAN PRICE Q1 2026
$930
SALES
$758K
AVERAGE DAYS ON MARKET Q1 2026
47
30
HOUSE
U N I T
RENTALS
$630
Projects $7.6M
AVERAGE DAYS ON MARKET Q1 2026
23
21
HOUSE
U N I T
•
754-774 Canterbury Road (59 Units)
•
773-777 Canterbury Road (39 Units)
•
6-8 Kent Street Mixed-Use Development (22 Apartments/ Retail)
The incoming supply of ready-to-go units and townhouses will assist with some of the current demand. However, comparing Q1 2026 sales (95 for houses and 82 for units) this will not be enough. This can lead to an undersupply in the market, leading to higher property prices. Further, there are no new houses in the pipeline, suggesting that house buyers will most likely re-route their budget to a unit; thus, increasing unit prices. Thus, buyers must act fast.
164 Units/ Apartments
10 Townhouses