Bungendore Property Market Update 1st Half 2026
Bungendore is a charming town located in southwest New South Wales, about 30 kilometres east of Canberra. It is known for picturesque streets lined with historic homes and offers a blend of country charm and modern amenities. With rural surroundings but only a shot drive to the nation’s capital, Bungendore is an ideal family location.
Property Trends
In Q4 2025, Bungendore recorded a median house price of $1,007,500 and a median vacant land price of $425,000. This represents an annual (Q4 2024 – Q4 2025) slight price softening of -8.4% for houses and -3.3% for vacant land. Comparing Q4 2024 and Q4 2025, house sales surged by 20.7% (to 35 sales in Q4 2025), which can explain the price softening. This creates a unique opportunity for buyers. That said, the number of ready-to-sell stock planned for 2026 is very small (6 houses and 14 units). This suggests that houses can be undersupplied soon, which can push up prices. The vacant land market is still small, at 7 sales in Q4 2025, which is quite prone to price fluctuations.
Project Development
Bungendore will see approximately $241.3M of new projects commencing from 2022–2026. The largest residential project is the Elm Grove Estate, adding 260 residential lots. There are 2 projects adding ready-to-sell stock: 73 Ellendon Street Units (14 Units) and 73 Ellendon Street Dwellings (6 dwellings). There is a clear undersupply, compared to 35 house sales in Q4 2025, which will add pressure to the market and push prices up.
Rental Market & Growth
House rental yields in Bungendore were 3.3% as of December 2025, slightly below the Queanbeyan-Palerang LGA (4.0%) average but above Canberra Metro (3.1%). Further, median house rental price increased by 17.2% in the past 12 months to Q4 2025, at $762 per week. In this time the number of houses rented declined, by -31.0% (to 20 houses in Q4 2025). There is an undersupplied house rental market, which benefits investors.
Vacancy Rates & Property Investment
Bungendore recorded a high vacancy rate of 6.3% in December 2025, which was a spike when compared to previous months and the 3-year average of 3.6%. Vacancy rates fluctuated in the past 12 months but showed a sharp increase in December 2025, most likely due to seasonal changes in the market and a very small (thus prone to changes) rental market. Despite this, Bungendore’s vacancy rate average in 2025 was 3.2%, which is on par to the Real Estate Institute of Australia’s healthy benchmark of 3.0% and indicates a healthy rental market. This benefits investors, especially with a slightly softer median house price in the past 12 months to Q4 2025.
