Upper Hunter Market Update 1 st H a l f 2 0 2 5
FUTURE DEVELOPMENTS
OVERVIEW
In Q4 2024, Upper Hunter* recorded a median house price of $576,000 and a median unit price of $430,000. This represents annual (Q4 2023 Q4 2024) growth of 10.1% for houses and 8.9% for units. Comparing Q4 2023 and Q4 2024, total sales declined by -5.4% (to 159 sales) for houses and increased by 5.6% (to 19 sales) for units. There is highly demanded market, with houses currently undersupplied. This suggests that now is an ideal time for house-owners to capitalise on their investments. At present there is limited new stock coming onto the market, indicating potential price increases. Thus, now is an ideal time for first home buyers.
CHANGE FROM LAST
YEAR
Upper Hunter£ will see approximately $3.1B of new projects commencing construction in 2025. Residential $64.1M
Mixed-Use Projects $1.2M
HALF YEAR
Infrastructure $811.1M
HOUSE SALE S Industrial
HOUSE ME DIAN PRICE
Commercial
$715.5K
$2.3B
HOUSE RE NTAL PRICE
UNIT SALE S
There are many solar farm and battery storage facilities to commence in 2025. They include the Goulburn River solar Farm ($880.0M) and Edderton Joint Venture Solar Farm & Battery Storage ($850.0M). These projects will help with stimulating the local economy.
UNIT ME DIAN PRICE UNIT RE NTAL PRICE
Residential projects to commence in Upper Hunter in 2025 include:
$ MARKET CONDITIONS MEDIAN PRICE Q4 2024
$576K
$430K
MEDIAN PRICE Q4 2024
$550
SALES
AVERAGE DAYS ON MARKET Q4 2024
58
35
HOUSE
U N I T
RENTALS
$435
•
349 Bridgman Road Residential Subdivision Stages 1-5 (384 Lots)
•
18 Kelso Street (19 Townhouses)
•
29 Bishopgate Street Units (6 Units)
Although there are some residential projects planned, this is enough to answer current demand; especially for ready-to-sell houses. An undersupply remains, which will push up prices even further – for all property types.
AVERAGE DAYS ON MARKET Q4 2024
28
23
HOUSE
U N I T
9 Units/ Apartments
19 Townhouses
729 Lots