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PRD Ramsgate Beach Market Update 2nd Half 2025

Page 1

Ramsgate Beach Market Update 2 nd H a l f 2 0 2 5

FUTURE DEVELOPMENTS

OVERVIEW

In Q3 2025, Ramsgate Beach* had a median house price of $1,960,000, and a median unit price of $791,500. This is an annual (Q3 2024 – Q3 2025) softening of -18.5% for houses and growth of 5.5% for units. Sales declined between Q3 2024 – Q3 2025, by -8.3% (to 33 sales in Q3 2025) for houses and increased by 39.2% for units (to 174 sales in Q3 2025). The unit market is in high demand, aided by three cash rate cuts to date, a more affordable price point to houses, and low house stock availability (thus house buyers are diverting their choice). Now is in ideal time for unit owners to capitalise on their investment. House prices are slightly more affordable; which creates a unique opportunity for buyers to act.

CHANGE FROM LAST

YEAR

Ramsgate Beach will see approximately $456.8M of new projects commence construction between 2025 and 2026.

Residential $70.2M

HALF YEAR

HOUSE SALE S HOUSE ME DIAN PRICE

Mixed Use $375.3M

HOUSE RE NTAL PRICE

UNIT SALE S A focus on mixed-use projects will stimulate economic growth and create new local jobs in Ramsgate Beach. This can have a positive spill-over impact on the real estate market, in the form of higher demand for housing.

UNIT ME DIAN PRICE UNIT RE NTAL PRICE

There are several residential and mixed used developments that are set to commence construction between 2025 and 2026. These projects include:

$ MARKET CONDITIONS MEDIAN PRICE Q3 2025

$2.0M

$792K

MEDIAN PRICE Q3 2025

$900

SALES

AVERAGE DAYS ON MARKET Q3 2025

44

45

HOUSE

U N I T

RENTALS

$695

AVERAGE DAYS ON MARKET Q3 2025

21

18

HOUSE

U N I T

7-11 Derby Street (54 Apartments)

31-33 Gladstone Street (78 Units)

25-27 Robinson Street Townhouses (6 Townhouses)

Whilst there is a large supply of readyto-go residential stock planned, it is mostly units. This is a catch-22. Without any new houses built, house buyers will divert their choice to units. Comparing to Q3 2025 sales of 174 units, the number of units planned (519) may be able to service all demand. Building units does take time, thus in the short run unit prices will continue to increase.

519 Units/ Apartments

6 Townhouses


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