Nundah Property Market Update 1st Half 2025
Nundah offers a perfect blend of convenience and charm, with excellent public transport links and vibrant local cafes. Its serene parks and top-quality schools make it an ideal choice for families and outdoor enthusiasts.
Property Trends
In Q1 2025, Nundah recorded a median house price of $1,300,000 and a median unit price of $700,000. This is an annual (Q1 2024 – Q1 2025) median price surge of 36.8% for houses and 29.6% for units, suggesting an ideal time for owners to capitalize on their investments. Comparing Q1 2024 and Q1 2025, sales declined sharply, by -50.0% for houses (to 8 sales in Q1 2025) and -31.9% for units (to 79 sales in Q1 2025). There is an undersupplied market, especially for houses – which is becoming a luxury in the area. This has created a buffer against higher interest rates, as evidenced by high price growth. With limited new housing supply planned in 2025, buyers must act fast.
Project Development
Nundah is set to see approximately $276.9M of new projects commencing construction from 2025 to 2027. With no stand-alone houses in the pipeline, the current supply will not be enough to answer existing demand. As a result, median prices are likely to rise even further in 2025, for all property types (not just houses).
Rental Market & Growth
House rental yield in Nundah was 2.5% in March 2025, lower than Virginia (4.1%) and Brisbane Metro (3.2%). However, this is paired with a stable median house rental price in the past 12 months to Q1 2025, at $700 per week, along with a 17.7% increase in the number of houses rented (to 93 homes in Q1 2025). Overall, despite a lower house rental yield than others, there is a highly demanded and competitive house rental market in Nundah, which is good news to investors.
Vacancy Rates & Property Investment
Nundah recorded a vacancy rate of 0.6% in March 2025, on par with Virginia’s 0.6% and below Brisbane Metro’s 0.9%. Vacancy rates in Nundah have decreased in the past 12 months, which indicates an even tighter rental market. Further, a 0.6% vacancy rate is significantly below the Real Estate Institute of Australia’s healthy benchmark of 3.0%, thus homes are rented quicker in Nundah. This confirms a conducive and sustainable investment environment in Nundah, even if property prices (thus entry price) have increased in the past 12 months to Q1 2025.
