Tweed Heads Market Update 1 st H a l f 2 0 2 5
FUTURE DEVELOPMENTS
OVERVIEW In Q4 2024, Tweed Heads* recorded a median house price of $1,800,000 and a median unit price of $875,000. This represents stable price growth in the past 12 months to Q4 2024 and a softening of -7.9% for units. This creates a prime opportunity for buyers to enter the market. Comparing Q4 2023 and Q4 2024, total sales declined by -6.6% for houses (to 702 sales in Q4 2024) and -22.3% for units (to 311 sales in Q4 2024), indicating higher interest rates have impacted the market. With a limited number of new houses and townhouses in the 2025 project pipeline, this window of opportunity may be short-lived, thus buyers need to act fast.
CHANGE FROM LAST
YEAR
Tweed Heads£ will see approximately $828.8M of new projects commencing construction in 2025.
Residential $251.2M
HALF YEAR
HOUSE SALE S
Infrastructure $366.4M
HOUSE ME DIAN PRICE Mixed-Use $71.0M
HOUSE RE NTAL PRICE
A main infrastructure project is Clarrie Hall Dam Raising (Local Government, $304M), aimed at increasing the dam wall height by 8.5m to a height of 70m AHD (RL70). This will improve liveability.
UNIT SALE S UNIT ME DIAN PRICE UNIT RE NTAL PRICE
Key residential projects include:
$ MARKET CONDITIONS MEDIAN PRICE Q4 2024
$1.8M
MEDIAN PRICE Q4 2024
$890
SALES
$875K
AVERAGE DAYS ON MARKET Q4 2024
60
67
HOUSE
U N I T
RENTALS
$650
Commercial $114.3M
Industrial $25.8M
•
Quay Grand Apartments Tweed Heads Stages 1 & 2 (122 Apartments)
•
412 & 512 Terranora Road & Parkes Lane Subdivision Stage 1-6 (154 Lots)
•
7-9 Shallow Bay Drive (36 Units)
•
4-8 Bells Boulevard (6 Dwelling)
Several residential projects planned in Tweed Heads will add new stock into the market, which will assist with current demand. There is still a very small number of new ready-to-sell houses, which thus an undersupply is possible. If so, this will push up prices, stimulating a price recovery.
AVERAGE DAYS ON MARKET Q4 2024
21
23
HOUSE
U N I T
367 Units/ Apartments
45 Townhouses
26 Dwellings
184 Lots