Maryborough Property Market Update 1st Half 2025
Maryborough, in Queensland, offers a charming blend of rich heritage and natural beauty, with its historic architecture and proximity to the Mary River. The town boasts a welcoming community, affordable housing, and a relaxed lifestyle perfect for families and retirees.
Property Trends
In Q1 2025, Maryborough (which in this report includes Maryborough, Tinana, Granville, Maryborough West, Oakhurst); recorded a median house price of $477,500 and a median unit price of $312,500. This represents an annual (Q1 2024 – Q1 2025) median price growth of 15.1%, which presents an ideal time for owners to capitalize on their investments. House sales declined annually (by -29.6%) and quarterly (by -34.4%), with Q1 2025 recording the lowest number (of 107 sales) in the past 18 months. There is an undersupply of houses, which has created a buffer against higher interest rates, as evidenced by continued price growth. With a limited ready-to-sell stock entering the market buyers must act fast, before there is further price growth for all property types.
Project Development
Maryborough will see approximately $253.4M of new projects commence construction in 2024 to 2027. Between 2024 and 2027, only two residential projects are planned for construction: 326 Pallas Street Units (4 units) and Diana & Edward Streets Units (10 units), which plans to add 14 ready-to-sell units to the market. With very little new residential projects, stand-alone houses and townhouses continue to be in short supply. Due to this, house prices are likely to continue rising throughout 2025.
Rental Market & Growth
House rental yield in Maryborough was 4.2% as of February 2025, higher than the Fraser Coast LGA (3.8%) and Brisbane Metro (3.2%). This is paired with a 6.7% growth in median house rental price in the past 12 months to Q1 2025, at $510 per week. The number of houses rented also increased, by 21.4% (to 68 houses), suggesting a highly demanded house rental market in Maryborough. This is extremely beneficial to investors.
Vacancy Rates & Property Investment
Maryborough recorded a vacancy rate of 0.6% in February 2025, below the Fraser Coast LGA average and Brisbane Metro’s 1.0%. Vacancy rates have increased slightly in the past 12 months due to investors re-entering to the market. That said, a 0.6% vacancy rate is significantly lower than the Real Estate Institute of Australia’s benchmark of 3.0%, thus quicker occupancy of rental properties. This suggests a conducive and sustainable environment for investors, even if the median house sales price (thus entry price) has increased in the past 12 months to Q1 2025.
