Palm Beach Market Update 2 nd H a l f 2 0 2 5
FUTURE DEVELOPMENTS
OVERVIEW
In Q2 2025, Palm Beach* recorded a median house price of $1,962,500 and a median unit price of $1,215,000. This represents annual (Q2 2024 Q4 2025) price growth of 10.3% for houses and 28.6% for units. Comparing Q2 2024 and Q4 2025, total sales increased by 18.2% (to 52 sales in Q2 2025) for houses and 6.7% (to 111 sales in Q2 2025) for units. There is a highly demanded market, which created a buffer against higher interest rates and have benefited from current cash rate cuts. The unit market saw higher price growth compared to houses, due to very little house stock. House buyers are turning to the unit market, pushing up prices. Now is an opportune time for owners to capitalize on their investments.
CHANGE FROM LAST
YEAR
Palm Beach£ will see approximately $93.9M of new projects commencing construction in 2025. Infrastructure $1.6M
HALF YEAR
HOUSE SALE S
Residential $72.3M
HOUSE ME DIAN PRICE HOUSE RE NTAL PRICE
A main infrastructure project is Palm Beach Community Health Clinic HVAC Upgrade which will improve health services for residents.
UNIT SALE S UNIT ME DIAN PRICE
Most of the projects planned in 2025 are residential, which include:
UNIT RE NTAL PRICE
$ MARKET CONDITIONS MEDIAN PRICE Q2 2025
$1.9M
$1.2M
MEDIAN PRICE Q2 2025
$1,200
SALES
AVERAGE DAYS ON MARKET Q2 2025
64
64
HOUSE
U N I T
RENTALS
$825
•
Sophia By Mosaic Apartments Palm Beach (32 Apartments)
•
382-384 Cypress Terrace North Villas (5 Villas)
•
85 Tallebudgera Drive Dual Occupancy & Dwelling (2 Townhouses + 1 Dwelling)
Despite the number of residential projects planned in Palm Beach, the majority are units and townhouses. Only one house is planned for 2025, which is insufficient to meet rising demand. This will drive up median sales prices; not only for houses but also for other property types.
AVERAGE DAYS ON MARKET Q2 2025
24
20
HOUSE
U N I T
15 Townhouses
102 Units/ Apartments
1 Dwellings