Whitsundays Market Update 1 st H a l f 2 0 2 5
OVERVIEW In Q4 2024, Whitsundays* had a median house price of $775,000 and a median unit price of $445,000. This is an annual (Q4 2023 - Q4 2024) growth of 4.0% for houses and 27.1% for units. Comparing Q4 2023 and Q4 2024, sales surged by 45.6% (to 83 sales in Q4 2024) for houses and by 11.2% (to 99 sales in Q4 2024) for units. There is a highly demanded market in Whitsundays*, thus an ideal time for owners to capitalize on their investments. Units saw a higher price growth than houses, due to buyers switching their focus to secure a property. Without any standalone houses planned in the 2025 pipeline, buyers need to act fast.
CHANGE FROM LAST
YEAR
HALF YEAR
FUTURE DEVELOPMENTS Whitsundays£ will see approximately $589.6M of new projects commencing construction in 2025. Residential $9.1M Commercial $95.6M
HOUSE SALE S
HOUSE RE NTAL PRICE
UNIT SALE S
A key mixed-use project is St Bees Boulevard Retirement Village & Residential Subdivision, a 46.01hectare land to be reconfigured into 199 residential lots across 10 stages. The project includes a retirement village, with 226 independent living units. Stage 1 is slated for 2025.
UNIT ME DIAN PRICE UNIT RE NTAL PRICE
$ MARKET CONDITIONS
$775K
MEDIAN PRICE Q4 2024
$780
SALES
$445K
AVERAGE DAYS ON MARKET Q4 2024
32
45
HOUSE
U N I T
RENTALS
$580
Infrastructure $35.4M
Mixed-Use $447.4M
HOUSE ME DIAN PRICE
MEDIAN PRICE Q4 2024
Industrial $2.1M
AVERAGE DAYS ON MARKET Q4 2024
28
24
HOUSE
U N I T
Another key project is the Edenvale Cannon Valley Master Planned Community, by Alder Developments. The project will build a masterplan on a 102.2-hectare site, creating 500+ residential lots and over 900 homes, ranging from 1- and 2-bedroom units to detached 2 storey homes on large blocks. This project is currently in early stages, including a consultation time with the wider community. Aside from these there are few other residential projects planned in the Whitsundays. However, these primarily consist of new land lots and requires time for construction. The lack of new houses in the immediate/short term will likely drive property prices higher.
6 Townhouses
805 Lots