Port Stephens M a r k e t U p d a t e 1 st H a l f 2 0 2 6
FUTURE DEVELOPMENTS
OVERVIEW
In Q1 2026, Port Stephens* recorded a median house price of $1,260,000, and a median unit price of $750,000. This is an annual (Q1 2025 – Q1 2026) price growth of 13.0% for houses and by 7.1% for units. Between Q1 2025 – Q1 2026 house sales increased, by 21.3% (to 108 for houses in Q1 2026) and by 32.3% (to 86 sales in Q1 2026). The house and units' market is currently in high demand, which creates a buffer against higher interest rates in 2026. This suggests it is still an ideal time and opportunity for owners to capitalise on their investments. There is a high number of units expected in 2026-2027, which will provide buyers with more options.
CHANGE FROM LAST
YEAR
Port Stephens will see approximately $245.5M of new developments due to commence construction between 2026-2027. Commercial $37.0M
HALF YEAR
Residential $55.2M
HOUSE SALE S
Infrastructure $7.6M
HOUSE ME DIAN PRICE
Mixed-Use
HOUSE RE NTAL PRICE
Projects $145.7M
UNIT SALE S There are quite a few residential and mixed-use projects bringing new stock to Port Stephens; including:
UNIT ME DIAN PRICE UNIT RE NTAL PRICE
$ MARKET CONDITIONS MEDIAN PRICE Q1 2026
$1.26M
$750K
MEDIAN PRICE Q1 2026
$775
SALES
AVERAGE DAYS ON MARKET Q1 2026
76
77
HOUSE
U N I T
RENTALS
$590
•
1-10 Anchor Cove (32 Townhouses)
•
37 Christmas Bush Avenue & Government Road Apartments (23 Apartments & 2 Dwellings)
•
263, 273, 293, 321 Gan Gan Road Residential Subdivision (47 lots)
The incoming supply of ready-to-go stock will aid in assisting with the high demand in Port Stephens. That said there are only 12 dwellings planned, not enough compared to Q1 2026 house sales (108 sales). This suggests house prices will likely remain high, with a spill-over effect in the unit market and price.
AVERAGE DAYS ON MARKET Q1 2026
21
18
HOUSE
U N I T
229 Units/ Apartments
32 Townhouses
12 Dwellings
47 Lots