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Kogarah Market Update 1st Half 2026

In Q1 2026,Kogarah* recorded a median house price of $1,775,000and a median unit price of $760,000.This is an annual (Q1 2025 – Q1 2026) median price softening of -5.1% for houses and a 5.6% growth forunits. Comparing Q1 2025– Q1 2026,sales decreased by -16.2% for houses (to 62sales in Q1 2026)and by -8.1% forunits (to 194sales in Q1 2026). The unit market is in high demand, which has created a buffer against higher interest rates; hence price growth. Thus,buyers are encouraged totake advantage of the price softening in the Kogarah* house market. Buyers must act quick, as there is limited dwelling stock coming to the market in 2026, thus prices will rise.

HOUSE SALES YEAR HALF YEAR CHANGE FROM LAST HOUSE MEDIAN PRICE HOUSE RENTAL PRICE

SALES

Kogarah is set to see approximately $433.5Mworthofnewprojects commencingin2026.

PRICE

RENTAL PRICE

MEDIAN PRICE Q1 2026

$1.78M $760K

MEDIAN PRICE Q1 2026

AVERAGE DAYS ON MARKET Q1 2026

AVERAGE DAYS ON MARKET Q1 2026 46 $800 HOUSE UNIT

24 16

There are multiple residential and mixed-use projects in Kogarah* planed for 2026. They include:

• 75-85 Railway Street Units & Commercial (140Units)

• 54 & 56 Caledonian Street (8 Dwellings)

• Stanley Street & Princess Highway (112 Apartments)

• 1A Willison Road (32units)

• 1-7 Brownds Road (55 apartments)

Although there are several ready-tosell housing stock planned, most of the incoming stock is units; there is only 8 stand-alone houses/dwellings in the pipeline. This will notbe enough, when compared to Q1 2026 sales (62 house sales). Thus,house buyers must rely on current available stock, and most likely re-route their budget tothe unit market. As a result, both house and unit prices are expected to increase.

569Units/ Apartments $980

8 Dwellings

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.

In the past 12months to Q1 2026, average house vendor discounts have continued to track at a premium, but at a lesser rate of 3.0%. Average unit vendor discounts have tightened to a lesser discount of -0.7%. The house market continues tofavour sellers, as buyers must offer higher than the first list price. Units still favourbuyers for now, however, with a tighter discount in Q1 2026 the room to negotiate is becoming smaller. Unit buyers must act fast.

The suburb of Kogarah has historically been onpar with the wider Georges River Local Government Area (LGA). In 2026#,this trend has continued forboth house and unit median prices, with median house prices in Kogarah just taking the edge over Georges River LGA.

The dominant proportion of homes sold in Kogarah* in 2025/2026# were in the more affordable price bracket of $1,550,000to $1,749,999(28.1%); in good news for buyers. Further, most of the units sold were in the middle price bracket of $700,000to $799,999(34.7%). Owners canstill be confident in Kogarah*, as the premium house market of $2,150,000and above is still strong, at 26.3%of sales. Overall, there is a property for all budgets in Kogarah*.

MARKET COMPARISON

The market comparison graph provides a comparative trend for the median price of houses and units over the past 5 years. The main LGA profiled was chosen based on their proximity to the main suburb analysed, which is Kogarah.

than $599,999 $600,000 to $699,999 $700,000 to $799,999 $800,000 to $899,999 $900,000 and above

Kogarah House Georges River LGA House Kogarah Unit Georges River LGA Unit

RENTAL GROWTH 2026€

House rental yields in Kogarah* was 2.4%in March 2026,slightly below the Sydney Metro average (2.8%). That said, median house rental prices did increase by 14.0% in the past 12 months to Q1 2026, at $980per week. The number of houses rented decreased by -31.9% in the past 12 months, to79 rentals in Q1 2026; indicating a tight market. Median unit rent price rose by 6.7% to $800, and the number of units rented decreased, by -36.4% to418 units in Q1 2026. Overall, the rental market in Kogarah* presents an ideal opportunity for investors.

4+ bedroom houses have provided investors with +12.2%rental growth annually, achieving a median rent of $1,389per week.

Kogarah¥ recorded a vacancy rate of 0.9%in March2026, below Sydney Metro’s 1.1%. Vacancy rates in Kogarah¥ have trended downwards in the past 12months, indicating a tighter rental market. A 0.9%vacancy rate is significantly below the Real Estate Institution of Australia’s healthy benchmark of 3.0%, suggesting quicker occupancy of rental homes. This is ideal for investment, especially with a slightly more affordable median house price in Q1 2026.

RENTAL VACANCY RATES 2026 RENTAL

Kogarah (2217)¥

Kogarah (2217)

Georges River LGA

Sydney Metro

PROJECT DEVELOPMENT MAP 2026 ₳

KOGARAH

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REFERENCES

* Kogarah market data and key indicators encapsulates aggregate property market conditions within the suburbs of Beverley Park, Bexley, Carlton, Kogarah, Kogarah Bay and Rockdale.

** 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 Q1 2026 only (01/01/2026 – 31/03/2026).

€ Annual rental growth is a comparison between Q1 2025 (01/01/2025 – 31/03/2025) and Q1 2026 (01/01/2026 – 31/03/2026) house median rent figures.

¥ Kogarah market data encapsulates aggregate property conditions within the postcode of 2217.

§ Rental yields shown are as reported as of March 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 suburbs of Beverley Park, Bexley, Carlton, Kogarah, Kogarah Bay and Rockdale.

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.