Kyneton Market Update 1 st H a l f 2 0 2 5
FUTURE DEVELOPMENTS
OVERVIEW
In Q1 2025, Kyneton* (which for this report include sales and rental data for postcode 3444) recorded a median house price of $810,000, which is an annual (Q1 2024 – Q1 2025) price softening of -4.7%. This is largely due to higher interest rates and shifts in consumer sentiment. Comparing Q1 2024 and Q1 2025, house sales dropped by -11.1% (to 32 sales in Q1 2025), indicating low stock. A more affordable median house price presents a timely opportunity for buyers to enter the market, but low stock suggests a potential market recovery – thus, buyers must act fast. The unit market remains small, with just 2 sales in Q1 2025 at a median price of $512,500.
CHANGE FROM LAST
YEAR
Kyneton£ plans to see approximately $107.0M of new projects commencing construction from 2024 to 2026. Residential $5.7M
Commercial Industrial $7.7M $5.0M
HALF YEAR
Infrastructure $4.7M
HOUSE SALE S HOUSE ME DIAN PRICE
Mixed-Use $84.1M
HOUSE RE NTAL PRICE
UNIT SALE S
A main mixed-use project for 2025 is 67 Simpson Street Embracia Aged Care Facility Kyneton Stage 2. This will construct a 2-level 126 bed Residential Aged Care Facility, including back of house areas, offices and a cafe.
UNIT ME DIAN PRICE UNIT RE NTAL PRICE
Key residential projects planned for construction in 2024-2026 include:
$ MARKET CONDITIONS MEDIAN PRICE Q1 2025
$810K
$512K
MEDIAN PRICE Q1 2025
$545
SALES
AVERAGE DAYS ON MARKET Q1 2025
95
119
HOUSE
U N I T
RENTALS
$470
AVERAGE DAYS ON MARKET Q1 2025
24
28
HOUSE
U N I T
•
Ambrosia Estate - Kyneton Residential Subdivision (65 Lots)
•
53 Jennings Street (4 Dwellings)
•
73 Powlett Street (4 Dwellings)
Although there are residential projects planned, there is very little new readyto-sell houses that will be added to the market. There is a higher number of land lots being created; however, this requires time to develop and build. Thus, it is a medium-term strategy to add more new houses. The limited supply of new houses is insufficient to answer current demand. As a result, the existing shortage of housing stock is expected to stimulate a price recovery in the short term.
8 Dwellings
65 Lots