Port Stephens Market Update 1 st H a l f 2 0 2 5
FUTURE DEVELOPMENTS
OVERVIEW
In Q1 2025, Port Stephens*, which for this report include sales and rental data in Anna Bay, Corlette, Nelson Bay, Salamander Bay, Shoal Bay, and Soldiers Point; recorded a median house price of $1,100,000 and a median unit price of $717,500. This represents an annual (Q1 2024 – Q1 2025) price stabilisation for houses and growth of 16.0% for units. Comparing Q1 2024 and Q1 2025, sales declined by -22.1% (to 88 sales in Q1 2025) for houses and grew by 9.2% (to 69 sales in Q1 2025) for units. Higher interest rates is the reason for stable house price growth, which is rare for Port Stephens*, and creates an opportunity for buyers. Buyers have also started to shift their focus to the current lower pricing of units, thus pushing up unit prices.
CHANGE FROM LAST
YEAR
HALF YEAR
Port Stephens£ will see approximately $134.1M of new projects commencing construction in 2025. Commercial $33.1M
HOUSE ME DIAN PRICE
Mixed-Use Projects $62.6M
HOUSE RE NTAL PRICE
UNIT SALE S
There are several mixed-use and pure residential projects planned for construction in 2025. This include:
UNIT ME DIAN PRICE UNIT RE NTAL PRICE
$ MARKET CONDITIONS
$1.1M
MEDIAN PRICE Q1 2025
$700
SALES
$718K
AVERAGE DAYS ON MARKET Q1 2025
67
82
HOUSE
U N I T
RENTALS
$550
$5.0M
$33.4M
HOUSE SALE S
MEDIAN PRICE Q1 2025
Industrial
Residential
AVERAGE DAYS ON MARKET Q1 2025
19
21
HOUSE
U N I T
•
11 & 15 Church Street Mixed Use Development (81 Units)
•
2-6 Kurrawa Close (17 Apartments)
•
17-19 Yaccaba St (23 Apartments)
•
5 Donald Street (5 Apartments)
•
47 Pacific Avenue (4 Lots)
Currently, all the ready-to-sell projects in the pipeline plan to deliver units or apartments only. This will assist with answering some of the current market demand, but not fully – especially for the house market. Because of the imbalance in demand and supply, and the environment of lower interest rates, the possibility of a price recovery for houses is likely. As units do take time to build, higher unit prices in the short term is also likely. Now is an ideal time for buyers to act.
139 Units/ Apartments
4 Lots