PRD Port Stephens Market Update 2nd Half 2025 by PRD Real Estate

Port Stephens Market Update 2nd Half 2025

In Q3 2025, Port Stephens* recorded a median house price of $1,080,000 and a median unit price of $667,500.This represents an annual (Q3 2024 – Q3 2025)slight softening of -3.6% forhouses and -10.9% for units. This creates a more affordable and opportune market for first home buyers. Comparing Q3 2024and Q3 2025,sales surged by 12.6%(to 125 sales in Q3 2025)for houses and remained steady (at 65 sales in Q3 2025) for units. This confirms the market has been impacted by current economic conditions, despite higher demand. Thatsaid, with residential stock still taking time to build, there is a high likelihood of a price increase; which stimulate a price recovery in the short-term. Thus, buyers must act fast.

Port Stephens£ will see approximately $248.6Mofnewprojectscommencing constructionbetween2025and2026.

Q3 2025

$1.1M $678K

Q3 2025

AVERAGE DAYS ON MARKET Q3 2025

There are quite a few residential and mixed-use projects planned for Port Stephens in 2025and 2026,including:

• 38Stockton &Tomaree Streets Apartments (50 Apartments)

• 1-10 Anchor Cove (32 Townhouses)

• 263, 273,293, 321 GanGan Road Residential Subdivision (47Lots)

• 121– 123Old Main Road Duplexes (2 Townhouses)

There is a high number of units in the pipeline, which when compared to Q3 2025sales of 65,will answer demand. Thatsaid, it takes time to build, thus it is a medium-term solution. Further, only 4 new dwellings are planned, which is much lower than Q3 2025sales of125. Thus,in the short-run is likely, which will push up property prices.

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 Q3 2024and Q3 2025 have tightened, to lesser discounts of -3.0% for houses and units. Port Stephens buyers can still benefit from a discount, as owners are willing toaccept below the first listed price. However, considering that discounts are less than prior and there is an undersupply in the market this may notlast long. Thus,buyers must actfast.

The 2315postcode has outperformed the wider Port Stephens Local Government Area (LGA) in median house and unit prices for the past 5 years. This continued to be the case in 2025#.The market has softened across the board, with boththe postcode and suburb experiencing price growth at a similar rate.

Most of the homes sold in Port Stephens* in 2025#were in the premium price point of $1,200,000and above for houses (43.1%) and $850,000and above for units (25.4%). This is good news for owners, especially with a softer sales price in Q3 2025.About 23.2%of unit sales are in the middle price bracket of $650,000 - $749,999(23.2%) and 23.5%of house sales were in the most affordable price point of less than $899,999;in good news forbuyers.

MARKET COMPARISON

Port Stephens (2315) House

Port Stephens (2315) Unit

Port Stephens LGA House

Port Stephens LGA Unit

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 postcode analysed, which is 2315.

PRICE BREAKDOWN 2025#

than $549,999

$550,000 to $649,999

$650,000 to $749,999

$750,000 to $849,999

$850,000 and above

RENTAL GROWTH 2025€

House rental yields in Port Stephens¥ was 3.2%as of September 2025, slightly above the Port Stephens LGA (3.1%) and higher than Sydney Metro (2.7%). Further, median house rental price increased by 18.5% in the past 12 months to Q3 2025,at $735per week. At the same time the number of houses rented decreased, by -15.3% (to 72houses) in Q3 2025;thus, an undersupply. This indicates a highly demanded house rental market in Port Stephens¥, which is beneficial to investors; especially with a more affordable entry price in the past 12months toQ3 2025.

3-bedroom houses have provided investors with +9.7% rental growth annually, achieving a median rent of $680per week.

Port Stephens¥ recorded a vacancy rate of 1.3%in September 2025, above the Port Stephens LGA average of 0.6% buton par with Sydney Metro’s 1.3%. Vacancy rates have fluctuated in the past 12months, but overall showed anincreasing pattern, due to more investors entering the market. Thatsaid, a 1.3%vacancy rate is still well below the Real Estate Institution of Australia’s healthy benchmark of 3.0%, indicating quicker occupancyof rental properties in Port Stephens¥

RENTAL VACANCY RATES 2025

Port Stephens (2315) Port Stephens LGA Sydney Metro REIA 'Healthy' Benchmark

RENTAL YIELD 2025§

PortStephens (2315)¥

PROJECT DEVELOPMENT MAP 2025-2026 ₳

PORT STEPHENS

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REFERENCES

* Port Stephens sales market data and key indicators encapsulates aggregate property market conditions within the suburbs of Anna Bay, Corlette, Nelson Bay, Salamander Bay, Shoal Bay, and Soldiers Point.

** 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 – Q3 2025 (01/01/2025 – 30/09/2025) 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 Q3 2024 (01/07/2024 – 30/09/2024)and Q3 2025 (01/07/2025 – 30/09/2025) house median rent figures.

¥ Port Stephens rental market data encapsulates aggregate property conditions within the postcode of 2315.

§ Rental yields shown are as reported as of September 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 suburbs of Anna Bay, Corlette, Nelson Bay, Salamander Bay, Shoal Bay, and Soldiers Point.

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.