Kyogle Property Market Update 1st Half 2025
Kyogle offers a friendly community and a relaxed country lifestyle, perfect for those seeking a slower pace of life. Additionally, its stunning natural beauty, including proximity to World Heritage-listed rainforests, makes it an ideal spot for nature lovers.
Property Trends
In Q4 2024, Kyogle recorded a median house price of $550,000 and 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 2023 and Q4 2024, house sales eased slightly by -3.3% (to 29 sales in Q4 2024) while land sales remained stable (at 10 sales in Q4 2024). This confirms there is high demand and price growth despite higher interest rates. Now is an opportune time for owners to capitalise on their investments. With very little housing stock planned in the next few years, buyers must act fast.
Project Development
Kyogle plans to see approximately $21.8M of new projects commencing construction between 2022 and 2028. Over 95% of projects are government-led infrastructure initiatives, which will improve transportation accessibility and generate new jobs. Combined, this is expected to drive housing demand in the area. Only 3 units are planned during this time, which falls extremely short of meeting the rising demand. This will continue to drive the undersupply of housing stock, driving further price growth.
Rental Market & Growth
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 12 months to Q4 2024, to $490 per 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.
Vacancy Rates & Property Investment
Kyogle recorded a vacancy rate of 1.8% in December 2024, above NSW North 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.
