Kogarah Property Market Update 1st Half 2026
Kogarah is a vibrant suburb located in the St George area of Sydney, about 17km from the CBD. Kogarah blends residential, commercial and light industrial zones with plenty of amenities and great transport links. This makes Kogarah a great suburb to live in.
Property Trends
In Q1 2026, Kogarah recorded a median house price of $1,775,000 and a median unit price of $760,000. This is an annual (Q1 2025 – Q1 2026) median price softening of -5.1% for houses and a 5.6% median price growth for units. Comparing Q1 2025 – Q1 2026, sales decreased by -16.2% for houses (to 62 sales in Q1 2026) and by -8.1% for units (to 194 sales in Q1 2026). The unit market is in high demand, which has created a buffer against higher interest rates, hence price growth. Thus, buyers are encouraged to take advantage of the price softening in the Kogarah house market. Buyers must act quick, as there is limited dwelling stock coming to the market in 2026, thus prices will rise.
Project Development
Kogarah plans to see approximately $433.5M of new projects commencing in 2026. There are several mixed-use and pure residential projects in the pipeline, due to add approximately 569 units/apartments and 8 dwellings to the market. This helps with some of the current demand, but not all. There are very few new dwellings planned for 2026, which suggests that the current house undersupply will continue. This will push prices up even further for the rest of 2026, not only for houses but for all stock types.
Rental Market & Growth
House rental yields in Kogarah were 2.4% in March 2026, slightly below the Sydney Metro average (2.8%). That said, median house rental prices did increase by 14.0% in the past 12 months to Q1 2026, at $980 per week. The number of houses rented have decreased by -31.9% in the past 12 months, to 79 rentals in Q1 2026; indicating a tight market. Median unit rent price rose by 6.7% to $800, and the number of units rented decreased, by -36.4% to 418 units in Q1 2026. Overall, the rental market in Kogarah is in undersupply and presents an ideal opportunity for investors.
Vacancy Rates & Property Investment
Kogarah recorded a vacancy rate of 0.9% in March 2026, below Sydney Metro’s 1.1%. Vacancy rates in the past 12 months have trended downwards, indicating a tighter rental market. Further, a 0.9% vacancy rate is significantly below the 3.0% benchmark, suggesting quicker occupancy of rental homes. This is ideal for investment, especially with a slightly more affordable median house price in the past 12 months to Q1 2026.
