Maryborough Market Update 1 st H a l f 2 0 2 5
OVERVIEW
In Q1 2025, Maryborough* (which in this report includes Maryborough, Tinana, Granville, Maryborough West, Oakhurst); recorded a median house price of $477,500 and a median unit price of $312,500. This is an annual (Q1 2024 – Q1 2025) price growth of 15.1%, which presents an ideal time for owners to capitalize on their investments. House sales decreased both annually (by -29.6%) and quarterly (by -34.4%), with Q1 2025 recording the lowest number (of 107 sales) in the past 18 months. There is an undersupply of houses, which has created a buffer against higher interest rates, as evidenced by continued price growth. With a limited ready-to-sell stock entering the market, buyers must act fast.
CHANGE FROM LAST
YEAR
FUTURE DEVELOPMENTS Maryborough will see approximately $253.4M of new projects commence construction in 2024 to 2027.
Residential $5.0M
Commercial $5.7M
Industrial $5.3M
Infrastructure $33.1M
HALF YEAR
HOUSE SALE S
HOUSE MEDIAN PRICE
Mixed-Use $204.3M
HOUSE RE NTAL PRICE
MARKET CONDITIONS A focus on mixed-use projects stimulate economic growth and create local jobs opportunities. This will have a spill-over impact on the real estate market, in the form of higher demand for housing.
SALES
49
$477K MEDIAN PRICE Q1 2025
RENTALS
AVERAGE DAYS ON MARKET Q1 2025
$510
17
MEDIAN PRICE Q1 2025
AVERAGE DAYS ON MARKET Q1 2025
MARKET HOUSE PRICE COMPARISON 2023
2024
2025
2023-2025# % Growth
Granville
$372,500
$404,000
$460,000
23.49%
Maryborough
$375,000
$430,000
$460,000
22.67%
Maryborough West
$417,500
$680,000
-
62.87% (2024)
Oakhurst
$687,500
$760,000
$747,500
8.73%
Tinana
$570,000
$550,000
$650,000
14.04%
Suburbs
#
A key mixed-use project is Prescare Health & Aged Care Hub ($200.0M). This will construct an integrated aged care facility with independent living units, residential care, respite centre & central facility building. This will attract a new demographic to the area, as well as create local jobs.
Between 2024 and 2027, only two residential projects are planned for construction: 326 Pallas Street Units (4 units) and Diana & Edward Streets Units (10 units), which plans to add 14 ready-to-sell units to the market. With very little new residential projects stand-alone houses and townhouses continue to be in short supply. Due to this, house prices are likely to keep on rising throughout 2025.
14 Units/ Apartments