Shepparton Market Update 0407 057 036 1 st H a l f 2 0 2 5 Matthew.Chilcott@prd.com.au
FUTURE DEVELOPMENTS
OVERVIEW
In Q1 2025, Shepparton* recorded a median house price of $480,000 and a median unit price of $377,500. This represents an annual (Q1 2024 – Q1 2025) median price slight softening of -4.5% for houses but an increase of 5.7% for units. Comparing Q1 2024 and Q1 2025, house sales increased by 31.2% (to 265 sales in Q1 2025) and surged by 62.5% for units (26 sales in Q1 2025). House prices softened slightly due to the higher interest rates, and data suggest there is a shift in buyer preference towards units, due to its affordability (compared to house prices). This increased demand and median unit price; thus, now is an ideal time for unit owners to sell.
CHANGE FROM LAST
YEAR
HALF YEAR
Shepparton* will see approximately $1.5B of new projects commencing construction in 2025. Residential $72.5M
Commercial $29.9M
Mixed-Use
Industrial $6.7M
$112.5M
HOUSE SALE S HOUSE ME DIAN PRICE Infrastructure
HOUSE RE NTAL PRICE
$1.2B
UNIT SALE S
A key infrastructure project in 2025 is Goulburn Valley Highway Shepparton Bypass ($1.1B), a State Government initiative that will improve liveability and connectivity for residents.
UNIT ME DIAN PRICE UNIT RE NTAL PRICE
There are several residential projects planned for 2025, including :
$
•
Goldfields Housing Estate (450 Lots)
•
MARKET CONDITIONS
155 - 157 Swallow Street Townhouses (12 Townhouses)
•
SALES
Kialla Lakes Residential Subdivision Stage 45 (36 Lots)
•
43 & 45 Kilpatrick Avenue (6 Units)
MEDIAN PRICE Q1 2025
$480K
$377K
MEDIAN PRICE Q1 2025
$620
AVERAGE DAYS ON MARKET Q1 2025
76
85
HOUSE
U N I T
RENTALS
$500
These projects will assist in answering the current demand, however, will take time to build. In the short run, demand will continue to push up prices further.
AVERAGE DAYS ON MARKET Q1 2025
18
-
HOUSE
U N I T
25 Units/ Apartments
37 Townhouses
12 Dwellings
1,172 Lots