Ramsgate Beach Market Update 1 st H a l f 2 0 2 5
FUTURE DEVELOPMENTS
OVERVIEW
In Q1 2025, Ramsgate Beach* had a median house price of $2,098,500 and a median unit price of $730,000. Median house price has stabilised in the past 12 months to Q1 2025, whilst median unit price softened slightly by -5.2%. Comparing Q1 2024 and Q1 2025, total sales declined by -15.0% (to 23 sales in Q1 2025) for houses and -5.6% (to 135 sales in Q1 2025) for units. Houses in Ramsgate Beach* remains highly demanded, due to its low stock numbers, which created a buffer against interest rates. Unit prices have become more affordable, creating an opportunity for first home buyers. That said, with no new houses planned for 2025-2026, the likelihood for a price increase for units is high, as buyers turn to units.
CHANGE FROM LAST
YEAR
Ramsgate Beach£ plans to see approx.. $472.9M of new projects commencing construction between2025 and 2026. Infrastructure $2.4M
Commercial $9.7M Residential $85.5M
HALF YEAR
HOUSE SALE S Mixed-Use Projects $375.3M
HOUSE ME DIAN PRICE HOUSE RE NTAL PRICE
A main mixed-use project set planned for 2025 is 7-11 Derby Street Apartment & Shops ($202.4M). This project will add 54 apartments and shops, which will improve liveability for residents.
UNIT SALE S UNIT ME DIAN PRICE UNIT RE NTAL PRICE
Other large mixed-use and residential projects to commence construction during 2025-2026 include :
$ MARKET CONDITIONS MEDIAN PRICE Q1 2025
$2.1M
$730K
MEDIAN PRICE Q1 2025
$900
SALES
AVERAGE DAYS ON MARKET Q1 2025
74
72
HOUSE
U N I T
RENTALS
$680
AVERAGE DAYS ON MARKET Q1 2025
17
19
HOUSE
U N I T
•
277 The Grand Parade Mixed Use Development (44 apartments)
•
1-11 Princes Highway & Stanley Street Apartments & Commercial Tenancies (112 apartments)
•
25-27 Robinson St (6 townhouses)
•
31-33 Gladstone Street (78 units)
Although there are several residential and mixed-use projects planned, it will only add mostly units. There are no new houses in the pipeline, thus an undersupply in the house market will remain. This will push buyers to look at other property types. As a result, this will increase prices further, for not only houses but other stock types as well.
330 Units/ Apartments
6 Townhouses