Lismore Property Market Update 2nd Half 2025
Located in New South Wales, Lismore is known for its vibrant arts and cultural scene, offering a unique blend of creativity and community spirit. The town's proximity to beautiful natural attractions like the beaches of Byron Bay and the lush hinterlands makes it perfect for nature lovers.
Property Trends
In Q3 2025, Lismore (which in this report encapsulate sales and rental data for all Lismore Local Government Area) recorded a median house price of $695,000 and a median unit price of $540,000. This represents an annual (Q3 2024 – Q3 2025) median price surge of 20.9% for houses and 25.6% for units. Comparing Q3 2024 and Q3 2025, total sales grew by 44.4% for houses (to 299 sales in Q3 2025) and 146.2% for units (to 64 sales in Q3 2025). This confirms robust demand for both property types, which has created a buffer against higher interest rates, hence continued price growth. Now is an ideal time for owners to capitalise on their investments.
Project Development
Lismore is set to see approximately $30.7M of new projects commencing construction in 2025. Some ready-to-sell residential stock is planned in 2025, mostly units (9). With Q3 2025 sales at 299 houses and 64 units, this is not enough to answer demand. Thus, an undersupply is highly likely, especially as land lots will take time to develop (into a house). Therefore, property prices are expected to increase further, for all stock types.
Rental Market & Growth
House rental yield in Lismore was 4.0% as of September 2025, higher than Lismore City LGA (3.5%) and Sydney Metro (2.7%). This was paired with a 6.1% increase in median house rental price in the past 12 months to Q3 2025, at $700 per week, and a -20.4% decrease in the number of houses rented (to 304 rentals in Q3 2025). The same pattern also can be seen in the unit market. This indicates a rental undersupply in Lismore, which will benefit investors looking for a more affordable option to Sydney Metro.
Vacancy Rates & Property Investment
Lismore recorded a vacancy rate of 0.5% in September 2025, below the Lismore City LGA’s 1.4% and Sydney Metro’s 1.3%. Vacancy rates have decreased slightly in the last 12 months, indicating an even tighter rental market. Furthermore, a 0.5% vacancy rate is significantly below the Real Estate Institute of Australia’s healthy benchmark of 3.0%, which suggests quicker occupancy of rental homes in Lismore. This indicates that there is a conducive environment for investors, even with a higher house and unit sales price (thus, entry price) in the past 12 months to Q3 2025.
