Shepparton Market Update 0407 057 036 1 st H a l f 2 0 2 6 Matthew.Chilcott@prd.com.au
FUTURE DEVELOPMENTS
OVERVIEW
In Q1 2026, Shepparton* recorded a median house price of $558,500 and a median unit price of $382,500. This is an annual (Q1 2025 – Q1 2026) price growth of 12.8% for houses and a slight softening of -6.6% for units. Comparing Q1 2025 and Q1 2026, total sales declined by -25.1% for houses (to 206 sales in Q1 2026), but increased by 42.3% for units (to 37 sales in Q1 2026). There is a clear undersupply in the house market, which helped sustain price growth even with cash rate hikes in early 2026. Thus, now is still an ideal time for house owners to capitalize on their investments. Unit prices is currently more affordable, an opportunity for first home buyers.
CHANGE FROM LAST
YEAR
Shepparton* will see approximately $586.4M of new projects commence construction in 2026.
Residential $32.3M
HALF YEAR
HOUSE SALE S
Infrastructure
HOUSE ME DIAN PRICE
$519.1M
HOUSE RE NTAL PRICE
UNIT SALE S
A key infrastructure project in 2026 is Goulburn Valley Highway - Shepparton Bypass ($358.0M), a State Government initiative that improves liveability and transport connectivity for residents.
UNIT ME DIAN PRICE UNIT RE NTAL PRICE
There are several residential projects planned for 2026, including:
$ MARKET CONDITIONS MEDIAN PRICE Q1 2026
$559K
$383K
MEDIAN PRICE Q1 2026
$520
SALES
AVERAGE DAYS ON MARKET Q1 2026
60
49
HOUSE
U N I T
RENTALS
$410
•
167 & 185 Verney Road (309 Lots)
•
155-157 Swallow St (12 Townhouses)
•
16 Richmond St (11 Dwellings)
•
107A Sobraon St (5 Units)
Although there are several projects in the pipeline, the number of stand-alone houses remain limited. This will not be enough to meet demand, compared to 1,162 houses sold in 2025. This suggests that the house market undersupply will continue, driving property prices higher.
AVERAGE DAYS ON MARKET Q1 2026
27
26
HOUSE
U N I T
11 Units/ Apartments
12 Townhouses
36 Dwellings
372 Lots