Maroubra Market Update 1 st H a l f 2 0 2 5
FUTURE DEVELOPMENTS
OVERVIEW
In Q1 2025, Maroubra* recorded a median house price of $3,150,000 and a median unit price of $1,200,000. This represents an annual (Q1 2025 – Q1 2025) softening of -5.5% for houses and -0.8% for units. Comparing Q1 2024 and Q1 2025, total sales surged by 18.7% (to 165 sales in Q1 2025) for houses and 20.4% (to 419 sales in Q1 2025) for units. Although there is a highly demanded market in Maroubra*, higher interest rates have also impacted property prices. There is now a more affordable market in the Maroubra* area, which opens a rare and key opportunity for first home buyers and investors. Time is of the essence, due to the low number of new housing stock planned for construction in 2025.
CHANGE FROM LAST
YEAR
Maroubra£ will see approximately $781.9M of new projects commencing construction in 2025. Residential $31.0M
Commercial Industrial $6.7M $330.0K
HALF YEAR
HOUSE SALE S
Mixed-Use
HOUSE ME DIAN PRICE
Projects $340.4M
HOUSE RE NTAL PRICE
Infrastructure $403.5M
UNIT SALE S UNIT ME DIAN PRICE
Residential and mixed-use projects set to commence in 2025 include:
UNIT RE NTAL PRICE
•
2 Tingwell Boulevard & 120 Banks Avenue Mixed Use Development – Pagewood Green (214 Apartments)
$
•
128 Bunnerong Road & 120 Banks Avenue Stage 2 (44 Dwellings
•
116-118 Marine Parade (10 Units)
MARKET CONDITIONS
•
53 New Orleans Crescent Townhouses (4 Townhouses)
MEDIAN PRICE Q1 2025
$3.1M
$1.2M
MEDIAN PRICE Q1 2025
$1,595
SALES
AVERAGE DAYS ON MARKET Q1 2025
56
68
HOUSE
U N I T
RENTALS
$875
The incoming supply of ready-to-go housing stock in 2025 is diverse, which creates a wider opportunity for buyers. That said, comparing the number of stock and sales in Q1 2025, this is not enough to answer market demand. This suggests that current softer prices can be temporary, and buyers must act fast.
AVERAGE DAYS ON MARKET Q1 2025
21
17
HOUSE
U N I T
4 Townhouses
21 Units/ Apartments
51 Dwellings