NSW Market Update

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New South Wales Market Update

Houses rebound as Strata share declines

  • Following a dip in demand earlier in the year, houses remain the dominant property type in NSW for 2025, rising from 54.29% in Q3 to 64.48% last quarter.
  • Strata experienced a notable decline, dropping from 37.65% to 24.52% quarter-on-quarter.
  • Vacant land continued to grow gradually, increasing from 8.06% in Q1 to 11% in Q4.

Strata remains the property of choice for First Home Buyers, but houses make gains

  • Strata dwellings remain the preferred property type for First Home Buyers in NSW with 76.57% share.
  • Houses have gained momentum, increasing share from 19.76% in Q3 to 22.58% last quarter.

NSW buyers are increasingly open to regional markets

  • Austral, south-west of the Sydney CBD, remains in the top spot for NSW sales.
  • New entrants to the list quarter-on-quarter are Dubbo (#2) and Leppington (#9).
  • The inclusion of Dubbo and Port Macquarie, alongside Western and North-West Sydney suburbs, shows buyers are increasingly open to regional markets.
  • Dubbo presents extremely affordable housing options, last quarter recording median prices of $630k for houses and $455k for strata. But this affordability might not last long, as median prices have risen 2.3% across the quarter from October to December.

NSW First Home Buyer demand shifts beyond central Sydney

  • Last quarter Dubbo has proven to not only be popular for NSW buyers overall, but also for the more niche First Home Buyers’ market.
  • South-west Sydney has consistently been a popular destination for First Home Buyers, as evidenced by the suburb mix in the Top10.
  • The presence of further afield locations like Dubbo, Port Macquarie, and Gosford demonstrates that buyers are expanding their search radius beyond central Sydney.
  • Interest in Dubbo and Port Macquarie can partly be attributed to their availability of vacant land, as these two suburbs were the only two to record sales of this property type.

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Industry insights on buyer activity

Vacant land recorded the strongest growth of any property type in Q4, continuing an upward trajectory seen throughout the year. For many buyers, vacant land offers the chance to enter the market at a lower price point and build later, particularly in growth corridors benefiting from new infrastructure.
Lee Bailie
Chief Operating Officer | InfoTrack
The NSW property market saw a clear shift in buyer behaviour toward the end of 2025, with houses rebounding strongly after earlier softness in the year, while strata saw a sharp contraction. This suggests confidence is firming, but the shifts across segments show buyers are still highly cost-aware and strategic in how they enter the market.
Sandra Falzon
Chief Marketing Officer | InfoTrack