Southport Market Update 2 nd H a l f 2 0 2 6
FUTURE D E V E L O P M E N T **
OVERVIEW
In Q2 2026, Southport* recorded a median house price of $1,300,000 and median unit price of $815,000. This is an annual (Q2 2025 – Q2 2026) price growth of 6.4% for houses and 11.6% for units. Comparing Q2 2025 and Q2 2026, total sales decreased by -46.9% for houses (to 52 sales in Q2 2026) and -41.8% for units (to 276 sales in Q2 2026). This confirms a clear undersupply of both property types, which has helped support price growth even with multiple cash rate hikes in 2026. This creates an ideal opportunity for owners to capitalise on their investments. There is a limited numbers of ready-to-sell houses planned in the 2026 pipeline. Prices are highly likely to increase further; thus buyers need to act fast.
CHANGE FROM LAST
YEAR
Southport£ will see approximately $435.1M of new projects commencing construction in 2026.
Residential $89.2M
HALF YEAR
Commercial $117.9M
Mixed-Use
HOUSE SALE S
$130.0M
Infrastructure $96.0M
HOUSE ME DIAN PRICE HOUSE RE NTAL PRICE
A key mixed-use project planned for 2026 is Oxford On Scarborough ($100M), to deliver a 48-storey mixeduse commercial and residential building. This will include 218 two-, three-and four-bedroom residential units & 41 serviced apartments.
UNIT SALE S UNIT ME DIAN PRICE UNIT RE NTAL PRICE
Key residential projects located within the Southport suburb include:
$ MARKET CONDITIONS MEDIAN PRICE Q2 2026
$1.3M
$815K
MEDIAN PRICE Q2 2026
$860
SALES
AVERAGE DAYS ON MARKET Q2 2026
55
43
HOUSE
U N I T
RENTALS
$750
•
84 Pohlman Street Villas (12 Villas)
•
114 Eugaree Street (6 Townhouses)
Despite many residential projects in the pipeline for Southport and surrounds, there is only 3 new houses planned. This is not enough to answer demand for houses, compared to the 52 sold in Q2 2026. Because of this, many buyers may redirect their interest to units. New units take time to develop, especially with construction challenges. Therefore, property prices are more likely to increase, especially in the short term.
AVERAGE DAYS ON MARKET Q2 2026
20
20
HOUSE
U N I T
36 Townhouses
380 Units/ Apartments
3 Dwellings