Lismore LGA Market Update 1 st H a l f 2 0 2 6
FUTURE DEVELOPMENTS
OVERVIEW
In Q1 2026, Lismore LGA* (which in this report encapsulate sales and rental data for all Lismore Local Government Area) recorded a median house price of $680,000 and a median unit price of $613,000. This is an annual (Q1 2025 – Q1 2026) price growth of 10.6% for houses and 12.9% for units. Comparing Q1 2025 and Q1 2026, total sales increased by 31.3% for houses (to 264 sales in Q1 2026) and by 88.0% for units (to 47 sales in Q1 2026). This confirms high demand for both property types, which created a buffer against higher interest rates, leading to continued price growth. Now is still an ideal time for owners to capitalize on their investments.
CHANGE FROM LAST
YEAR
Lismore* is set to see approximately $290.8M** of new projects commence construction in 2026. Residential $14.0M
HALF YEAR
Infrastructure $109.2M
HOUSE SALE S
$161.4M
HOUSE ME DIAN PRICE
Industrial $1.9M
HOUSE RE NTAL PRICE
A key commercial project is Southern Cross University (SCU) Lismore Campus refurbishment ($140M), which will improve the delivery of education services. 32 Crawford Road & 138-146 Military Road Build-To-Rent Development is a New South Wales State Government initiative, which plans to add 50 units into the rental market.
UNIT SALE S UNIT ME DIAN PRICE UNIT RE NTAL PRICE
$
Key Residential Projects Include:
MARKET CONDITIONS MEDIAN PRICE Q1 2026
$680K
MEDIAN PRICE Q1 2026
$750
SALES
$613K
AVERAGE DAYS ON MARKET Q1 2026
70
52
HOUSE
U N I T
RENTALS
$590
Commercial
•
606 Ballina Road (6 townhouses)
•
44 Bristol Circuit & Blue Hills Avenue Dwellings (16 Dwellings)
•
11-19 Airforce Road Units (22 Units)
Although some ready-to-sell stock is planned in 2026, the majority are units. Given the high house sales volume in Lismore (264 in Q1 2026), the amount of new incoming stock will not be enough to answer demand. Thus, it can be expected that house prices will continue to rise in the short-term.
AVERAGE DAYS ON MARKET Q1 2026
20
19
HOUSE
U N I T
76 Units/ Apartments
6 Townhouses
29 Dwellings