Kyogle Market Update 1 st H a l f 2 0 2 5
FUTURE DEVELOPMENTS
OVERVIEW
In Q4 2024, Kyogle* recorded a median house price of $550,000 and a median vacant land price of $245,000. This is an annual (Q4 2023 – Q4 2024) price growth of 12.5% for houses and 27.3% for land. Comparing Q4 2023 and Q4 2024, house sales eased slightly by -3.3% (to 29 sales in Q4 2024) while land sales remained stable (at 10 sales in Q4 2024). This confirms the market’s resilience, with high demand and price growth despite higher interest rates. Now is an opportune time for owners to capitalise on their investments. With very little housing stock planned in the next few years, buyers must act fast before further price growth.
CHANGE FROM LAST
YEAR
Kyogle£ plans to see approximately $21.8M of new projects commencing construction between 2022 and 2028. Residential
$877.0K
Commercial
$120.0K
HALF YEAR
HOUSE SALE S HOUSE ME DIAN PRICE
Infrastructure
$20.8M
HOUSE RE NTAL PRICE
UNIT SALE S
Over 95% of projects are governmentled infrastructure initiatives, which will improve transportation accessibility and generate new jobs. Combined, this is expected to drive housing demand in the area.
UNIT ME DIAN PRICE UNIT RE NTAL PRICE
A key development is the Mahoneys Lane No.1 Bridge project ($1.8M), which will replace the timber bridge with a durable concrete structure. There are several other similar projects, funded by the Government’s Fixing Country Bridges Program.
$ MARKET CONDITIONS MEDIAN PRICE Q4 2024
$550K
$245K
MEDIAN PRICE Q4 2024
$490
SALES
AVERAGE DAYS ON MARKET Q4 2024
118
163
HOUSE
L A N D
RENTALS
$360
AVERAGE DAYS ON MARKET Q4 2024
22
25
HOUSE
U N I T
Other projects include: •
40 Howard Court Units (Residential, $876K, 3 units)
•
43 Roxy Lane Vehicle Repair Station Conversion (Commercial, $120K)
Only 3 units are planned during this time, which falls extremely short of meeting the rising demand. This will continue to drive the undersupply of housing stock, which will drive further price growth in the market.
3 Units/ Apartments