Nagambie Market Update 1 st H a l f 2 0 2 6
0407 057 036 Matthew.Chilcott@prd.com.au
FUTURE DEVELOPMENTS
OVERVIEW
In Q1 2026, Nagambie* recorded a median house price of $650,000 and a median land price of $245,000. This represents an annual (Q1 2025 – Q1 2026) house price growth of 0.8%, while the number of houses sold grew by 10.0% (to 22 sales in Q1 2026), The house market is highly demanded, leading to resilient price growth despite cash rate hikes in 2026. Owners can be confident of their investment value. Median land price did soften by -13.9% in the past 12 months to Q1 2026, however the land market in Nagambie* is small, at only 12 sales in Q1 2026. Even so, vacant land price is currently more affordable, creating an opportunity for first home buyers.
CHANGE FROM LAST
YEAR
Nagambie* will see approximately $157.7M of new projects commence construction between 2025-2027. Residential
$11.0M
HALF YEAR Mixed-Use
HOUSE SALE S
$49.3M
Commercial $66.1M
HOUSE ME DIAN PRICE Infrastructure
HOUSE RE NTAL PRICE
$30.4M
LAND SALE S
A key infrastructure project between 2025-2027 is the Nagambie Industrial Truck Bypass ($10.0M), a Victorian State Government initiative that will assist with connectivity and ease of travel.
LAND ME DIAN PRICE
There are several residential and mixed-use projects planned between 2025-2027, including:
$ MARKET CONDITIONS MEDIAN PRICE Q1 2026
$650K
$245K
MEDIAN PRICE Q1 2026
$430
SALES
AVERAGE DAYS ON MARKET Q1 2026
96
133
HOUSE
L A N D
RENTALS
$550
•
72 Golf Course Road Residential Subdivision (107 Lots)
•
306-308 High Street Units (5 Units)
•
38-44 Cowslip Street (6 Dwellings)
Although 16 new dwellings are planned, when comparing to Q1 2026 sales of 22 houses sold, it is not enough to meet demand. As vacant land lots will take time to build (into houses), property prices for all stock types are expected to increase further in the short term.
AVERAGE DAYS ON MARKET Q1 2026
15
50
HOUSE
L A N D
5 Units/ Apartments
16 Dwellings
266 Lots