Oatley & Surrounds Market Update 2 nd H a l f 2 0 2 5
FUTURE DEVELOPMENTS
OVERVIEW
Postcode 2223* (which for this report include suburbs: Oatley, Mortdale, Hurstville Grove, Penhurst, Lugarno and Peakhurst Heights) recorded a median house price of $2,010,000 and a median unit price of $810,000 in Q3 2025. This represents price stability for houses in the past 12 months to Q3 2025, and a price growth of 6.8% for units. At the same time sales grew by 45.2% (to 45 sales in Q3 2025) for houses and 37.7% (to 73 sales in Q3 2025) for units. There is a highly demanded market, creating a buffer to higher interest rates (hence price stability and growth). With a limited number of new supply planned between 2024-2026 it is likely prices will increase. Thus, now is an ideal time for investors and home buyers to act.
CHANGE FROM LAST
YEAR
Postcode 2223 – Oatley & Mortdale£ will see approximately $45.2M of new projects commencing construction between2024 and 2026.
Residential Commercial $8.9M $7.2M
HALF YEAR
HOUSE SALE S
Industrial $3.7M
HOUSE ME DIAN PRICE
Mixed-Use Projects $25.4M
HOUSE RE NTAL PRICE
UNIT SALE S
Several residential and mixed-use projects are set to commence in postcode 2223* between 2024 and 2026, including:
UNIT ME DIAN PRICE UNIT RE NTAL PRICE
$ MARKET CONDITIONS MEDIAN PRICE Q3 2025
$2.0M
$810K
MEDIAN PRICE Q3 2025
$850
SALES
AVERAGE DAYS ON MARKET Q3 2025
40
32
HOUSE
U N I T
RENTALS
$630
AVERAGE DAYS ON MARKET Q3 2025
17
19
HOUSE
U N I T
•
95-99 Railway Parade Units & Commercial Tenancies (28 Units)
•
50 Rosa Street (5 Townhouses)
•
29 Ada Street (5 Townhouses)
•
28 Martin Place (5 Units)
Although there are several residential projects planned, this delivers mostly units to postcode 2223 £. This can assist with some demand but will not be enough considering Q3 2025 sales (45 houses and 75 units). Further, there is only a few new stand-alone houses planned, suggesting a potential undersupply. This will push prices up even further, for all stock types (not just houses).
10 Townhouses
33 Units/ Apartments
3 Dwellings