Kyogle Market Update 1st Half 2025
In Q4 2024, Kyogle* recorded a median house price of $550,000and a median vacant land price of $245,000.This is an annual (Q4 2023– Q4 2024)price growth of 12.5% for houses and 27.3%for land. Comparing Q4 2023and Q4 2024,house sales eased slightly by -3.3% (to 29sales in Q4 2024)while land sales remained stable (at 10 sales in Q4 2024). This confirms the market’s resilience, with high demand and price growth despite higher interest rates. Now is an opportune time for owners to capitalise ontheir investments. With very little housing stock planned in the next few years, buyers must act fast before further price growth.
HOUSE SALES YEAR HALF YEAR CHANGE FROM LAST
HOUSE MEDIAN PRICE
HOUSE RENTAL PRICE
SALES
Kyogle£ plans to see approximately $21.8Mofnewprojectscommencing constructionbetween2022and2028
PRICE
RENTAL PRICE
MEDIAN PRICE Q4 2024
$550K $245K
MEDIAN PRICE Q4 2024
AVERAGE DAYS ON MARKET Q4 2024
118
AVERAGE DAYS ON MARKET Q4 2024
Over 95% of projects are governmentled infrastructure initiatives, which will improve transportation accessibility and generate new jobs. Combined, this is expected to drive housing demand in the area.
A key development is the Mahoneys Lane No.1Bridge project ($1.8M), which will replace the timber bridge with a durable concrete structure. There are several other similar projects, funded by the Government’s Fixing Country Bridges Program.
Other projects include:
• 40 Howard Court Units (Residential, $876K,3 units)
• 43Roxy Lane Vehicle Repair Station Conversion (Commercial, $120K)
Only 3units are planned during this time, which falls extremely short of meeting the rising demand. This will continue to drive the undersupply of housing stock, which will drive further price growth in the market.
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 Q4 2023and Q4 2024 have widened to -7.6% for houses. The peak discount has passed, which was in Q1 2024.Although median house price have increased in the past 12 months, the house market condition in Kyogle* still favourbuyers, as sellers are willing to accept below the listed prices. This creates a unique opportunity for buyers, before cash rate cuts filter through the market and there is anincrease in demand.
The suburb of Kyogle has historically provided a slightly more affordable house price compared with Kyogle LGA for both house and vacant land from 2020to 2023.2024 saw this trend shift for vacantland, becoming more of a premium market compared to the LGA.
The dominant proportion of stock sold in Kyogle* in 2024 were in the premium price brackets, with 29.8%of houses sold above $700,000and 36.0% of vacant land sold above $300,000.Affordable options are still available, with 24.0% of houses sold in the most affordable price range of less than $399,999and only 8.0%of vacant land sold for less than $149,999.This offers positive prospects for first-home buyers, although it has shrunk in the past 12 months.
MARKET COMPARISON
The market comparison graph provides a comparative trend for median price of houses and vacant land over the past 5 years. The main LGA chosen was based on their proximity to the main suburb analysed, which is Kyogle.
PRICE BREAKDOWN 2024
$500,000 to $599,999 $600,000 to $699,999
than $149,999
$150,000 to $199,999
$200,000 to $249,999
$250,000 to $299,999 $300,000 and above
RENTAL GROWTH 2025€
House rental yields in Kyogle¥ were 2.8%as of December 2024, which is lower than NSW North Coast (3.8%) and Gold Coast main (3.2%). That said, median house rental price in Kyogle¥ grew by 8.9%in the past 12months to Q4 2024, to $490per week. During this period, the number of houses rented declined significantly, by -41.2% (to only 10 rentals in Q4 2024). The unit market showed the same pattern. The rental market in Kyogle¥ is undersupplied, which is beneficial to investors – especially with a more affordable median house price than Gold Coast.
3-bedroom houses have provided investors with +5.6%rental growth annually, achieving a median rent of $475per week.
Kyogle¥ recorded a vacancyrate of 1.8% in December 2024, above NSWNorth Coast’s 1.0% and Gold Coast Main’s 1.1%. Vacancy rates have increased slightly in the past 12 months,due to investors returning to the market. However, a 1.8%vacancy rate is well below the Real Estate Institution of Australia’s healthy benchmark of 3.0%, indicating a quicker occupancy of rental properties. This confirms a sustainable and beneficial investment environment in Kyogle¥ .
RENTAL VACANCY RATES 2025
Kyogle (2474) North Coast NSW Gold Coast Main REIA 'Healthy' Benchmark
KEY COMMENTS
In the past 12months to the 2024,Kyogle* saw a sizeable declined in median house price drop, for both large dwellings and rural land; pricing at $800,000and $347,000,respectively. This creates an opportune time for buyers to transact. During this time the large dwellings market has increased in size, to a total of 39 sales in 2024. This highlights a highly-demanded market; but buyers are impacted by higher interest rates. Interest in rural land has remained relatively stable in the past 12months, at 7 sales in 2024.However, this is the lowest number of sales recorded in the past 5 years.
In 2024#, large dwelling sales were evenly distributed across three key price segments: the premium bracket of $950,000 and above, the most affordable bracket under $649,999, and the middle-priced bracket of $750,000to$849,999; at 26.7% for each price segment Rural land sales show most activity in the premium price bracket of $550,000and above (33.3%) and middle-price bracket of $400,000-$449,999(33.3%). On the other hand, the most affordable options remain available, with 16.7% of rural land sold below $249,999.With a sizable number ofsales recorded in all price brackets, buyers have an option. Bothproperty types are experiencing low supply compared to previous years, thus buyers must actfast.
than $249,999 $250,000 to $349,999 $350,000 to $449,999 $450,000 to $549,999 $550,000 and above
PROJECT DEVELOPMENT MAP 2022 TO 2028 ₳
RESEARCH SERVICES
Our research services span over every suburb, LGA,and state within Australia; captured in a variety of standard and customised products, andinclude:
• Advisory and consultancy
• Market analysis including profiling and trends
• Primary qualitative and quantitative research
• Demographic and target market analysis
• Geographic information mapping
• Project analysis including product and pricing recommendations
• Rental and investment return analysis
OUR KNOWLEDGE
Access to accurate and objective research is the foundation of all good property decisions.
OUR PEOPLE
Our research team is made up of highly qualified researchers who focus solely on propertyanalysis.
REFERENCES
* Kyogle sales market data and key indicators encapsulates aggregate property market conditions within the postcode of 2474, general residential properties only.
** Estimated values are based on construction value provided by the relevant data authority and does not reflect commercial and/or re-sale value.
*** Kyogle large dwelling and rural residential data encapsulates aggregate property conditions within the postcode of 2474 for General Residential + Large Lot Residential over 20,000 sqm.
# 2024 encapsulates sales transactions for the 2024 full year (01/01/2024 – 31/12/2024).
€ Annual rental growth is a comparison between Q4 2023 (01/10/2023 – 31/12/2023)and Q4 2024 (01/10/2024 – 31/12/2024) house median rent figures.
× Data encapsulates for Rural land and Large Dwellings with over 2 hectares in square metreage measurement only.
¥ Kyogle rental market data encapsulates aggregate property conditions within the postcode of 2474.
§ Rental yields shown are as reported as of December 2024.
₳ 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 Kyogle
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.
