Lismore Market Update 1 st H a l f 2 0 2 5
FUTURE DEVELOPMENTS
OVERVIEW
In Q1 2025, Lismore* (which in this report encapsulate sales and rental data for all Lismore Local Government Area) recorded a median house price of $600,000 and a median unit price of $535,000. This is an annual (Q1 2024 – Q1 2025) median price growth of 19.8% for houses, while unit prices softened by -2.7%. Comparing Q1 2024 and Q1 2025, sales declined by -43.0% for houses (to 175 sales in Q1 2025) and -20.0% for units (to 28 sales in Q1 2025). There is an undersupply of houses in the market, which created a buffer against higher interest rates; hence price growth. The unit market is slightly more affordable, a key opportunity for buyers.
CHANGE FROM LAST
YEAR
Lismore* is set to see approximately $106.1M of new projects commencing construction in 2025. Industrial
Residential
$28.1M
HALF YEAR
Commercial
$2.7M
$18.2M
HOUSE SALE S Infrastructure
HOUSE ME DIAN PRICE
$55.0M Mixed-Use
HOUSE RE NTAL PRICE
$2.1M
A key infrastructure project in 2025 is 32 Crawford Road & 138-146 Military Road Build-to-Rent Development, which will construct 50 units in the area. Infrastructure is a key focus in 2025, which will improve liveability for current residents.
UNIT SALE S UNIT ME DIAN PRICE UNIT RE NTAL PRICE
Key residential projects include:
$ MARKET CONDITIONS MEDIAN PRICE Q1 2025
$600K
$535K
MEDIAN PRICE Q1 2025
$615
SALES
AVERAGE DAYS ON MARKET Q1 2025
44
44
HOUSE
U N I T
RENTALS
$420
•
1 Phillip Street & McDermott Avenue (18 Apartments)
•
Hidden Valley Estate Subdivision Stage 3 (34 Lots)
•
45 William Blair Ave & Southern Cross Terrace (7 Dwellings)
Although there is some ready-to-sell stock planned for construction, this is mostly units. Land lots can be developed into new homes, however this takes time. Thus, in the short term the house market is undersupplied, which will push prices up further.
AVERAGE DAYS ON MARKET Q1 2025
22
21
HOUSE
U N I T
49 Units/ Apartments
11 Dwellings
34 Lots