Oatley & Surrounds Market Update 1 st H a l f 2 0 2 6
FUTURE DEVELOPMENTS
OVERVIEW
Postcode 2223* and surrounds (which for this report includes Oatley, Mortdale, Hurstville Grove, Penhurst, Lugarno and Peakhurst Heights) had a median house price of $2,185,000 and a median unit price of $800,000 in Q1 2026. This is an annual (Q1 2025 – Q1 2026) price growth of 18.4% for houses and by 19.9% for units. Between Q1 2025 – Q1 2026 house sales have decreased, by -26.5% (to 72 for houses in Q1 2026), but increased by 2.4% for unit sales (to 87 sales in Q1 2026). The house market is undersupplied, and the unit market is highly demanded, creating a buffer against higher cash rates in 2026. Thus, now is still an ideal opportunity for owners to sell.
CHANGE FROM LAST
YEAR
Postcode 2223 – Oatley and Surrounds£ will see approximately $52.6M of new developments due to commence construction between 2023-2027. Commercial $2.6M
HALF YEAR
HOUSE SALE S
Industrial
Residential
$6.3M
$15.7M
Infrastructure $2.6M
HOUSE ME DIAN PRICE
Mixed-Use
HOUSE RE NTAL PRICE
Projects $25.4M
UNIT SALE S UNIT ME DIAN PRICE
There are residential and mixed-use projects bringing new stock to Oatley and Surrounds£; including:
UNIT RE NTAL PRICE
$ MARKET CONDITIONS MEDIAN PRICE Q1 2026
$2.2M
$800K
MEDIAN PRICE Q1 2026
$950
SALES
AVERAGE DAYS ON MARKET Q1 2026
44
36
HOUSE
U N I T
RENTALS
$640
•
95-99 Railway Parade Units & Commercial Tenancies (28 Units)
•
50 Rosa Street (5 Townhouses)
•
Mortdale Apartments (10 Apartments)
•
5 Denman Street (7 Townhouses)
•
26 Martin Place (5 Units)
The incoming supply of ready-to-go stock will aid in answering demand. But, when compared to 72 houses and 87 units sold in Q1 2026 this will not be enough. Therefore, an undersupply is expected (especially houses). This will push up prices for all property types.
AVERAGE DAYS ON MARKET Q1 2026
21
18
HOUSE
U N I T
17 Townhouses
51 Units/ Apartments
3 Dwellings