Bexley North Property Market Update 1st Half 2025
Bexley North is a charming suburb in southern Sydney, located about 13 kilometres southwest of the Sydney CBD. The suburb offers a mix of residential tranquillity, shopping centres with cafes, restaurants. Bexley North is also well connected to major transport hubs including train stations and motorways.
Property Trends
In Q1 2025, Bexley North recorded a median house price of $1,800,000 and a median unit price of $955,000. This is an annual (Q1 2024 – Q1 2025) price growth of 11.5% for houses and 44.7% for units. Comparing Q1 2024 and Q1 2025, sales tightened by -38.5% (to 40 sales in Q1 2025) for houses and by -45.9% (to 33 sales to Q1 2025) for units. There is a highly undersupplied market, with Q1 2025 sales figures being the lowest recorded in the past 24 months. This created a buffer to higher interest rates and underpinned price growth. Now is an ideal time for owners to capitalise on their investments, and with only a small amount of new ready-to-sell stock planned; buyers must act fast.
Project Development
Bexley North will see approx. $49.0M of new projects commencing from 2024-2026. The largest mixed-use project is the 7-11 Kingsland Road Units & Commercial Units ($15.5M). This project will add 26 residential units as well as commercial units. Approximately 40 units/apartments, 8 dwellings and 40 lots are planned. Whilst this will help with stock, it is not enough. The continued undersupply will put pressure on property prices.
Rental Market & Growth
House rental yields in Bexley North (2207) were 2.6% as of March 2025, on par with the Sydney Metro average (2.7%). Median house rental price remained stable in the past 12 months to Q1 2025, at $850 per week. In the same timeframe, the number of houses rented increased, by 43.6% (to 79 houses) in Q1 2025; suggesting an undersupply. This indicates a highly demanded and competitive house rental market in Bexley North, which is beneficial to investors.
Vacancy Rates & Property Investment
Bexley North recorded a vacancy rate of 1.2% in March 2025, on par with Sydney Metro’s 1.3%. Vacancy rates have fluctuated in the past 12 months, after hitting a high of 2.6% in December 2024, due to investors returning to market and the small size of the rental market. That said, vacancy rates declined significantly in the past 3 months to March 2025, which indicated a tighter rental market. Furthermore, a 1.2% vacancy rate is well below the Real Estate Institution of Australia’s healthy benchmark of 3.0%, indicating quicker occupancy of rental homes in Bexley North.
