Panania Market Update 1 st H a l f 2 0 2 6
FUTURE DEVELOPMENTS
OVERVIEW
In Q1 2026, Panania* recorded a median house price of $1,700,000, and a median unit price of $1,445,000. This is an annual (Q1 2025 – Q1 2026) price growth of 9.9% for houses and 49.0% for units. Between Q1 2025 – Q1 2026 house sales decreased, by -40.6% (to 111 for houses in Q1 2026) but unit sales have increased, by 148.0% (to 62 sales in Q1 2026). The house market is undersupplied, which creates an opportunity for owners to capitalise on their investments. Conversely, the unit market is in high demand as houses are less available and less affordable. Thus, house buyers have shifted their attention to units, pushing up prices further.
CHANGE FROM LAST
YEAR
Panania£ will see approximately $1.0B of new developments due to commence construction in 2026-2027. Infrastructure $99.9M Residential
HALF YEAR
$73.4M
HOUSE SALE S HOUSE ME DIAN PRICE
Mixed-Use
HOUSE RE NTAL PRICE
Projects $831.1M
UNIT SALE S There are quite a few residential and mixed-use projects bringing new stock to Panania; including:
UNIT ME DIAN PRICE UNIT RE NTAL PRICE
$ MARKET CONDITIONS MEDIAN PRICE Q1 2026
$1.7M
$1.4M
MEDIAN PRICE Q1 2026
$795
SALES
AVERAGE DAYS ON MARKET Q1 2026
45
56
HOUSE
U N I T
RENTALS
$950
AVERAGE DAYS ON MARKET Q1 2026
16
14
HOUSE
U N I T
•
30-34 Padstow Parade & 10 Faraday Road Padstow (113 Units)
•
10 Luderick Avenue & Prescott Parade (7 Dual Occupancies and 2 Dwellings)
•
171 Weston and Hinemosa Street (42 units)
•
15 Spence Street (36 apartments)
Although there are several ready-tosell stock in the pipeline, these are predominantly units and apartments. There is a limited number of houses in the pipeline (23 dwellings), which when compared to 111 house sales in Q1 2026 is not enough. This suggests that houses will remain undersupplied and the potential for higher prices is likely. Units can absorb some of this demand, providing options for buyers.
23 Dwellings 420 Units/ Apartments