Bexley North Market Update 1st Half 2025
In Q1 2025,Bexley North* recorded a median house price of $1,800,000 and a median unit price of $955,000.This represents annual (Q1 2024 –Q1 2025)price growth of 11.5%for houses and 44.7% for units. Comparing Q1 2024and Q1 2025,total sales tightened by -38.5% (to 40sales in Q1 2025)for houses and by -45.9% (to 33 sales to Q1 2025)for units. This confirms a highly undersupplied market, with Q1 2025sales figures being the lowest recorded in the past 24 months. This created a buffer against higher interest rates and underpinned the high price growth. Now is an ideal time for owners to capitalise ontheir investments, and with only a small amount of new ready-to-sell stock planned; buyers must act fast.
HOUSE SALES YEAR HALF YEAR CHANGE FROM LAST HOUSE MEDIAN PRICE
HOUSE RENTAL PRICE
Bexley North£ will see approximately $49.0Mofnewprojectscommencing constructionbetween2024-2026
SALES
PRICE
MEDIAN PRICE Q1 2025
AVERAGE DAYS ON MARKET Q1 2025
50 $1.8M $955K
MEDIAN PRICE Q1 2025
AVERAGE DAYS ON MARKET Q1 2025
Residential and mixed-use projects set to commence construction between 2024and 2026 include:
• 7-11 Kingsland Road Units & Commercial Units (26 Units)
• Shaw Street Apartments & Shops (11 Apartments)
• 54 & 56 Caledonian Street Dwellings (8 Dwellings)
• 120Kingsland Road North Residential Subdivision (40 Lots)
Most of the residential projects in the pipeline plan to deliver units to Bexley North. Whilst this assist with answering some market demand, it is not enough There is still very little new stand-alone houses planned; thus, the undersupply will remain This will push prices up even further for the rest of 2025,for all stock types (not just houses).
AVERAGE VENDOR DISCOUNT*
Average vendor discount reflects the average percentage difference between the first list price and final sold price. A lower percentage difference (closer to 0.0%) suggests that buyers are willing to purchase close to the first asking price of a property.
Average vendor discounts between Q1 2024and Q1 2025 have continued to trend as a premium, at a slightly lower level of 5.2% for house and higher level of 3.9% for units. With the current undersupply of stock, and limited number planned for 2025, Bexley North* will still see premiums instead of a discount. With lower house premiums in Q1 2025, now is anideal time for buyers to act.
The suburb of Bexley North has provided a slightly more affordable house market than the wider Bayside Local Government Area (LGA) for the past 5years, with a slightly more expensive unit market in the past 2 years. This trend continued in 2025#for units, with stable growth in the LGA and the suburb. The house market in Bexley North suburb is now slightly more expensive than the LGA.
Most of the homes sold in Bexley North* in 2024/25#were in the premium price bracket of $1,950,000and above (36.8%). Conversely, units had most sales (47.7%)in the most affordable price bracket of $749,000 and less; despite a significant price growth in the past 12months 33.1%of houses sold were in the most affordable price point of less than $1.649,999;in good news for buyers. The market comparison graph provides a comparative trend for median price of houses and units over the past 5 years. The main LGA chosen was based on their proximity to the main suburb analysed, which is Bexley North.
MARKET COMPARISON
Bexley North House Bayside LGA House Bexley North Unit Bayside LGA
than$749,999 $750,000to$899,999 $900,000 to $1,049,999 $1,050,000to$1,199,999 $1,200,000 and above
RENTAL GROWTH 2025€
House rental yields in Bexley North (2207)¥ was 2.6% as of March 2025, onpar with the Sydney Metro average (2.7%). Median house rental price remained stable in the past 12months to Q1 2025, at$850 per week. In the same timeframe the number of houses rented increased, by 43.6%(to 79 houses) in Q1 2025; suggesting anundersupply. This indicates a highly demanded and competitive house rental market in Bexley North¥, which is beneficial toinvestors.
4+ -bedroom houses have provided investors with +20.0%rental growth annually, achieving a median rent of $1,200per week.
Bexley North¥ recorded a vacancy rate of 1.2% in March2025, on par with Sydney Metro’s 1.3%. Vacancy rates have fluctuated in the past 12months, after hitting a high of 2.6%in December 2024, due to investors returning to market and the small size of the rental market. That said vacancy rates declined significantly in the past 3months, which indicated a tighter rental market. Furthermore, a 1.2%vacancy rate is well below the Real Estate Institution of Australia’s healthy benchmark of 3.0%, indicating quicker occupancy of rental homes in Bexley North¥ .
RENTAL VACANCY RATES 2025
Bexley North (2207)
RENTAL YIELD 2025§
BexleyNorth (2207)¥
PROJECT DEVELOPMENT MAP 2024-2026 ₳
BEXLEY NORTH
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REFERENCES
* Bexley North sales market data and key indicators encapsulates aggregate property market conditions within the suburbs of Bexley North, Bexley, Bardwell Park and Bardwell Valley.
** Estimated values are based on construction value provided by the relevant data authority and does not reflect commercial and/or re-sale value.
# 2025 encapsulates sales transactions for Q1 (01/01/2025 – 31/03/2025) only, other years encapsulates sales transactions for the full year (i.e 01/01 to 31/12 of the relevant year).
€ Annual rental growth is a comparison between Q1 2024 (01/01/2024 – 31/03/2024) and Q1 2025 (01/01/2025 – 31/03/2025) house median rent figures.
¥ Bexley North rental market data encapsulates aggregate property conditions within the postcode of 2207.
§ Rental yields shown are as reported as of March 2025.
₳ Project development map showcases a sample of upcoming projects only, due to accuracy of addresses provided by the data provider for geocoding purposes.
£ Projects refers to the top developments within the suburb of Bexley, Bexley North, Bardwell Park and Bardwell Valley.
µ Estimated value is the value of construction costs provided by relevant data authority, it does not reflect the project’s sale/commercial value.
ψ Commencement date quoted for each project is an approximate only, as provided by the relevant data authority, PRD does not hold any liability to the exact date.
Source: APM Pricefinder, Cordell Connect database, SQM Research, Esri ArcGIS.
Disclaimer: PRD does not give any warranty in relation to the accuracy of the information contained in this report. If you intend to rely upon the information contained herein, you must take note that the information, figures and projections have been provided by various sources and have not been verified by us. We have no belief one way or the other in relation to the accuracy of such information, figures and projections. PRD will not be liable for any loss or damage resulting from any statement, figure, calculation or any other information that you rely upon that is contained in the material.
Prepared by PRD Research. © All medians and volumes are calculated by PRD Research. Use with written permission only. All other responsibilities disclaimed. © Copyright PRD 2025.
