Kogarah Market Update 2 nd H a l f 2 0 2 5
FUTURE DEVELOPMENTS
OVERVIEW
In Q3 2025, Kogarah* recorded a median house price of $1,880,500, and a median unit price of $768,000. This is an annual (Q3 2024 – Q3 2025) median price growth of 1.6% for houses and 5.2% for units. Comparing Q3 2024 – Q3 2025, sales increased by 8.9% for houses (to 110 sales in Q3 2025) and by 36.4% for units (to 326 sales in Q3 2025). Both markets are in high demand, which has created a buffer against higher interest rates; hence price growth. With prices continuing to rise, now is an ideal time for owners to capitalise on their investments. Although there is new stock planned, it is all units. Thus, buyers must act fast to secure their home.
CHANGE FROM LAST
YEAR
Kogarah is set to see approximately $87.9M worth of new projects commencing in 2025. Commercial $7.6M Industrial
HALF YEAR Residential
HOUSE SALE S
$47.5M
HOUSE ME DIAN PRICE
$12.2M Mixed-Use Projects $18.6M
HOUSE RE NTAL PRICE
UNIT SALE S
Mixed-use and commercial projects will stimulate economic growth and create new jobs in Kogarah. This can have a positive spill-over impact on the real estate market, in terms of higher demand for housing stock.
UNIT ME DIAN PRICE UNIT RE NTAL PRICE
There are multiple residential and mixed-use projects in Kogarah* planed for 2025 that will help boost housing supply. They include:
$ MARKET CONDITIONS
•
18-24a Victoria Street Apartments (50 Apartments)
SALES
•
The Rise Kogarah Mixed Use Development (47 Apartments)
•
66A Caledonian Street (3 Units)
MEDIAN PRICE Q3 2025
$1.9M
$768K
MEDIAN PRICE Q3 2025
$925
AVERAGE DAYS ON MARKET Q3 2025
49
48
HOUSE
U N I T
RENTALS
$697
AVERAGE DAYS ON MARKET Q3 2025
19
17
HOUSE
U N I T
There is new housing stock is in the pipeline, but it is all units. Compared to Q3 2025 sales, of 326 units, this is not enough. Furthermore, there are no new stand-alone ready-to-sell houses that are planned. Combined, this suggests that an undersupply is highly likely. This points to higher property prices.
189 Units/ Apartments