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PRD Upper Hunter Market Update 1st Half 2026

Page 1

Upper Hunter Market Update 1 st H a l f 2 0 2 6

FUTURE DEVELOPMENTS

OVERVIEW

In Q4 2025, Upper Hunter* recorded a median house price of $627,500, and a median unit price of $499,750. This represents an annual (Q4 2024 – Q4 2025) median price growth of 9.1% for houses and 40.8% for unit. House sales increased between Q4 2024 – Q4 2025, by 25.8% (to 200 sales in Q4 2025) and for units, by 118.2% (to 48 sales in Q4 2025). Houses and units are highly demanded in Upper Hunter*, and lower interest rates have helped stimulate price growth. Thus, now is an ideal opportunity for owners to capitalise on their investment. With limited ready-to-go residential stock prices are expected to continue growing, meaning buyers should act fast.

CHANGE FROM LAST

YEAR

Upper Hunter will see approximately $1.8B of new projects commence construction in 2026. Industrial $365.5K Residential Commercial $36.2M $164.7M

HALF YEAR

HOUSE SALE S Mixed Use $1.2B

HOUSE ME DIAN PRICE

Infrastructure $389.5M

HOUSE RE NTAL PRICE

UNIT SALE S

The majority of 2026 developments in Upper Hunter are mixed use, which will stimulate economic growth in the area. This can have a spill-over effect, in the form of higher housing demand.

UNIT ME DIAN PRICE UNIT RE NTAL PRICE

There are residential projects that will boost supply, such as:

$ MARKET CONDITIONS MEDIAN PRICE Q4 2025

$628K

$500K

MEDIAN PRICE Q4 2025

$580

SALES

AVERAGE DAYS ON MARKET Q4 2025

55

58

HOUSE

U N I T

RENTALS

$450

349 Bridgman Road Subdivision Stages 1-5 (384 Residential Lots)

18 Kelso Street (19 Townhouses)

25 Gas Street (3 Units)

With limited ready-to-sell residential stock planned for 2026, a potential undersupply is highly likely. Further, new land lots will take time to develop. Therefore, property price growth is expected to continue in Upper Hunter, and buyers should act fast.

AVERAGE DAYS ON MARKET Q4 2025

29

32

HOUSE

U N I T

3 Units/ Apartments

22 Townhouses

384 Lots


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