Nundah Market Update 1 st H a l f 2 0 2 5
FUTURE DEVELOPMENTS
OVERVIEW
In Q1 2025, Nundah* recorded a median house price of $1,300,000 and a median unit price of $700,000. This is an annual (Q1 2024 – Q1 2025) surge of 36.8% for houses and 29.6% for units, suggesting an ideal time for owners to capitalize on their investments. Comparing Q1 2024 and Q1 2025, sales declined sharply by -50.0% for houses (to 8 sales in Q1 2025) and -31.9% for units (to 79 sales in Q1 2025). There is an undersupplied market, especially for houses – becoming a luxury in the area. This has created a buffer against higher interest rates, as evidenced by high price growth. With limited new supply in 2025, buyers must act fast.
CHANGE FROM LAST
YEAR
Nundah* is set to see approximately $276.9M of new projects commencing construction from 2025 to 2027. Residential $6.0M Commercial
HALF YEAR
$66.9M
HOUSE SALE S
Industrial $10.5M
Mixed-Use
HOUSE ME DIAN PRICE
$174.6M
HOUSE RE NTAL PRICE
Infrastructure $18.9M
UNIT SALE S
A key mixed-use project in 2025 is Toombul Shopping Centre ($100.0M), redeveloping the former shopping centre site. This improves services for residents and create new jobs.
UNIT ME DIAN PRICE UNIT RE NTAL PRICE
Other key projects include:
$ MARKET CONDITIONS MEDIAN PRICE Q1 2025
$1.3M
$700K
MEDIAN PRICE Q1 2025
$700
SALES
AVERAGE DAYS ON MARKET Q1 2025
19
20
HOUSE
U N I T
RENTALS
$585
AVERAGE DAYS ON MARKET Q1 2025
19
15
HOUSE
U N I T
•
The Village Retirement Group Nundah (Commercial, $55.0M)
•
Powerlink Queensland - Oil Laboratory (Infrastructure, $17.5M)
•
15 Hurricane Street Warehouse Units (Industrial, $5.0M)
All new stock planned are solely units and townhouse, including •
69 Hedley Avenue Units (8 Units)
•
12-14 Bridge Street (6 Townhouses)
With no stand-alone houses in the pipeline, the current supply will not be enough to answer existing demand. As a result, median prices are likely to rise further in 2025, for all property types (not just houses).
92 Units/ Apartments
6 Townhouses