Hurstville Market Update 2 nd H a l f 2 0 2 6
OVERVIEW
In Q2 2026, Hurstville* recorded a median house price of $1,900,000, and a median unit price of $777,500. This is an annual (Q2 2025 – Q2 2026) price softening of -9.5% for houses and growth of 2.3% for units. Between Q2 2025 – Q2 2026 house sales decreased, by -34.8% (to 30 for houses in Q2 2026) but unit sales increased, by 13.9% (to 156 sales in Q2 2026). Houses in Hurstville* is currently more affordable, which is not unusual for a bluechip suburb during a higher interest rate environment. This creates more opportunities for buyers. Conversely, the unit's market is in high demand, most likely due to buyers being priced out of the house market. This has assisted in maintaining price growth even with higher cash rates in 2026.
CHANGE FROM LAST
YEAR
FUTURE DEVELOPMENTS** Hurstville £ will see approximately $465.3M of new developments due to commence construction in 2026. Commercial $16.5M Infrastructure $24.8M Residential
HALF YEAR
$19.4M
HOUSE SALE S HOUSE ME DIAN PRICE
Mixed Use $273.2M
HOUSE RE NTAL PRICE UNIT SALE S UNIT ME DIAN PRICE
There are several mixed-use projects planned in Hurstville £, which stimulate economic growth and bring new jobs into the area. This can have a spillover impact on the real estate market, through higher demand for housing.
UNIT RE NTAL PRICE
$
New housing stock is delivered by mixed-use and residential projects. Examples include:
MARKET CONDITIONS
•
61 Forest Road Mixed Use Development (254 Apartments)
SALES
•
1A Pearl Street & 29-33 Gloucester Road Units (24 Units)
•
34 Patrick Street (3 Townhouses)
MEDIAN PRICE Q2 2026
$1.9M
$778K
MEDIAN PRICE Q2 2026
$900
AVERAGE DAYS ON MARKET Q2 2026
86
48
HOUSE
U N I T
RENTALS
$750
AVERAGE DAYS ON MARKET Q2 2026
23
20
HOUSE
U N I T
The incoming supply of ready-to-sell residential stock will aid in answering the current demand, especially in the unit market. However, there is no new stand-alone houses in the pipeline. This can attract more house-buyers to the unit market, which will sustain the current price growth.
552 Units/ Apartments
3 Townhouses
%
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.
For the past 5 years the suburb of Hurstville has tracked slightly above the wider Georges River Local Government Area (LGA) for median house prices. Conversely, Hurstville’s unit market has been on par with the wider LGA. This trend has continued throughout 2026#.
3.4%
0.3%
2.0%
1.7%
6.3%
4.0%
6.8%
6.0%
-1.6%
-1.7%
-0.3%
-3.2%
-1.0%
-2.0%
-2.6%
0.0%
-4.3%
Change from Listing to Sale Price
8.0%
Q1 2026
Q2 2026
-4.0% -6.0% Q1 2025
Q2 2025
Q3 2025
Q4 2025
House
In the past 12 months to Q2 2026 average vendor discount for houses remains at a premium, but at a lesser amount of 3.4%. Conversely average vendor discount for units have slightly widened, to a greater discount of -1.7% in Q2 2026. Market conditions in Hurstville* continue to favours owners for houses, where buyers must offer above the first list price. Unit buyers can benefit from a greater discount in Q2 2026. However, there are no any new houses to be built. Thus, time might be limited, as house buyers look at units as an option.
Unit
Most of the houses sold in Hurstville* in 2026# were in the premium price point of $2,500,000 and above (34.1%) and the affordable bracket of less than $1,649,999 (22.0%). For units, most sales were in the most affordable bracket of less than $649,999 (30.7%) and the middle bracket of $750,000 to $849,999 (23.0%). This creates equal opportunities for buyers and sellers in the Hurstville* residential market.
MARKET COMPARISON
Hurstville (2220) House Hurstville (2220) Unit
$2,500,000
Georges River LGA House Georges River LGA Unit
$2,000,000 $1,500,000 $1,000,000 $500,000 $0 2022
2023
2024
2025
2026#
The market comparison graph provides a comparative trend for the median price of houses and unit in the past 5 years. The main LGA profiled was chosen based on their proximity to the main suburb analysed, which is Hurstville.
$
PRICE BREAKDOWN 2026# UNITS SOLD
HOUSES SOLD
22.0%
10.8% Less than $1,649,999 $1,650,000 to $1,899,999
34.1% 12.2%
17.1%
14.6%
18.1%
30.7%
Less than $649,999
$650,000 to $749,999
$1,900,000 to $2,149,999
$750,000 to $849,999
$2,150,000 to $2,399,999
$850,000 to $949,999
$2,400,000 and above
23.0%
17.4%
$950,000 and above
RENTAL GROWTH 2026 €
House rental yields in Hurstville¥ were 2.6% in June 2026, relatively on par with Georges River LGA (2.8%) and Sydney Metro (2.9%). This was paired with a 23.3% increase in median house rental price in the past 12 months to Q2 2025, at $900 per week. The number of houses rented also increased, by 10.0% in the past 12 months, to 44 rentals in Q2 2026. This suggests a highly demanded rental market in Hurstville¥, which is beneficial to investors.
2 BEDROOMS
+1.2%
3 BEDROOMS
4+ bedroom houses have provided investors with +8.3% rental growth annually, achieving a median rent of $1,300 per week.
+2.5%
Hurstville¥ recorded a vacancy rate of 1.3% in June 2026, on par with the Georges River LGA 1.2% but lower than the Sydney Metro 1.6% average. Vacancy rates in Hurstville¥ has decreased in the past 12 months, indicating a tighter rental market. Moreover, a 1.3% vacancy rate is well below the Real Estate Institution of Australia’s healthy benchmark of 3.0%, suggesting quicker occupancy of rental homes in Hurstville¥. This is a conducive environment for investors, as the median house sales price (thus, entry price) has decreased in the past 12 months to Q2 2026.
4 BEDROOMS
+8.3%
RENTAL VACANCY RATES 2026
3.5% 3.0% 2.5% 2.0% 1.5%
1.0% 0.5% 0.0%
Sydney Metro
%
RENTAL YIELD 2026 §
2.6%
2.8%
2.9%
Hurstville (2220)¥
Georges River LGA
Sydney Metro
5.6%
Hurstville (2220)¥
4.4%
4.4%
Georges River LGA
Sydney Metro
Jun-26
Mar-26
Dec-25
Sep-25
Georges River LGA
Jun-25
Mar-25
Dec-24
Sep-24
Jun-24
Mar-24
Dec-23
Sep-23
Jun-23
Hurstville (2220)
PROJECT DEVELOPMENT MAP 2025-2028₳ LEGEND
HURSTVILLE
Commercial Infrastructure Industrial Mixed-Use Residential
#
Pr oject £
Type
Estimat ed Commence Value µ D ate ψ
1
61 Forest Road Mixed Use Development (254 Apartments/Hotel/Commercial/Retail)
Mixed Use
$128,390,000
8/03/2027
2
124 Forest Road Apartments & Retail (219 Apartments/Retail)
Mixed Use
$95,029,939
27/08/2027
3
Westfield Hurstville Shopping Centre Alterations & Additions (Entertainment Leisure Precinct/Shopping Centre)
Mixed Use
$22,200,978
6/11/2026
4
Dobroyd Parade & Forest Road Pedestrian Bridges (State Government)
Infrastructure
$20,000,000
14/09/2026
5
117 Forest Road Mixed Use Development (32 Apartments/Retail)
Mixed Use
$19,673,277
18/02/2028
6
Danebank Anglican School For Girls Hurstville Science Building
Commercial
$10,148,825
17/12/2026
7
15-17 West Street Residential Building (n/a)
Residential
$8,998,957
3/05/2027
8
1a Pearl Street & 29-33 Gloucester Road Units (24 Units)
Residential
$8,984,672
12/08/2025
9
30-32 The Avenue Units & Retail (23 Units/Retail)
Mixed Use
$7,904,463
9/02/2026
10
Hurstville Ritz Hotel Alterations & Additions
Commercial
$3,686,807
4/06/2027
11
43 Bridge Street Government Agency Office Conversion (State Government)
Infrastructure
$1,965,832
1/07/2026
12
34 Patrick Street Townhouses (3 Townhouses)
Residential
$1,400,000
25/02/2027
13
NAB Hurstville Bank Fit Out
Commercial
$1,350,000
24/06/2025
14
Land and Housing Corporation - Hurstville Senior Housing Development (State Government)
Infrastructure
$1,000,000
8/08/2025
15
Bassett Street Roadworks Upgrade Works (State Government)
Infrastructure
$1,000,000
10/11/2025
16
Hurstville House Mechanical Upgrade & Asbestos Removal Works (Local Government)
Infrastructure
$800,000
1/05/2025
17
The Avenue Cafe Pavilion
Commercial
$336,600
4/11/2025
18
Shell Hurstville Service Station Refurbishment
Commercial
$323,433
23/10/2026
19
Commonwealth Bank Hurstville Branch Alterations & Additions
Commercial
$322,751
5/07/2025
20
The Wash Hub Laundromat Hurstville Conversion
Commercial
$320,100
22/08/2025
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REFERENCES * Hurstville sales market data and key indicators encapsulates aggregate property market conditions within the suburb of Hurstville. ** Estimated values are based on construction value provided by the relevant data authority and does not reflect commercial and/or re-sale value. # 2026 encapsulates sales transactions for the first half of 2026 (01/01/2026-30/06/2026). € Annual rental growth is a comparison between Q2 2025 (01/04/2025 – 30/06/2025) and Q2 2026 (01/04/2026 – 30/06/2026) house median rent figures. ¥ Hurstville rental market data encapsulates aggregate property conditions within the postcode of 2220. § Rental yields and vacancy rates shown are as reported as of June 2026. ₳ 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 Hurstville. 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 2026.