Bungendore Property Market Update 2nd Half 2026
Bungendore is in southwest New South Wales, about 30 kilometres east of Canberra. It offers a blend of country charm and modern amenities. With rural surroundings but only a short drive to the nation’s capital, Bungendore is an ideal family location.
Property Trends
In Q2 2026, Bungendore recorded a median house price of $1,135,000, and a median unit price of $450,000. This is an annual (Q2 2025 – Q2 2026) price growth of 5.6% for houses, whilst the number of house sales increased by 2.9% (to 35 for houses in Q2 2026). This suggests houses are highly demanded, which creates a buffer against multiple cash rate hikes in 2026. Thus, there is an opportunity for owners to capitalise on their investments. Median land prices have softened, however with only 3 land sales in Q2 2026 it is a very small market. Thus, price fluctuations are common.
Project Development
Bungendore will see approximately $241.5M of new developments due to commence construction between 2022 and 2028. There are multiple infrastructure and commercial projects, which will improve liveability and create job opportunities. This can have a spill-over impact, in the form of higher demand for housing. Although 6 new houses and 14 new units are planned, this is not enough to meet demand (35 house sales in Q2 2026). There is a significant number of residential land lots created, but construction into a new house will take time. Thus, higher property prices are highly likely.
Rental Market & Growth
House rental yields in Bungendore were 4.0% in June 2026, above the Queanbeyan-Palerang LGA (3.3%) and Canberra Metro (3.4%). Median house rental price has softened, by -9.5% in the past 12 months to Q2 2026, currently at $810 per week. The number of houses rented declined, by -52.3% in the past 12 months, to 7 rentals in Q2 2026. That said, with a higher rental yield than Canberra, Bungendore is beneficial for investors looking for a more affordable investment option.
Vacancy Rates & Property Investment
Bungendore recorded a vacancy rate of 0.8% in June 2026, below both Queanbeyan-Palerang LGA (1.5%) and Canberra Metro (1.7%). Vacancy rates in the past 12 months have declined rapidly, indicating a tightening rental market. At 0.8%, vacancy is significantly below the 3.0% benchmark, highlighting strong rental demand and quicker occupancy of rental homes in Bungendore. This continues to provide favourable conditions for investors, despite a higher median house price in Q2 2026.
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