Casino Property Market Update 1st Half 2025
Casino offers an affordable lifestyle with a strong sense of community, making it ideal for families and those seeking a peaceful environment. Its scenic surroundings and local events, like the famous Beef Week, add charm and excitement to everyday life.
Property Trends
In Q4 2024, Casino recorded a median house price of $462,500 and a median unit price of $310,000. This is an annual (Q4 2023 - Q4 2024) price growth of 5.1% for houses, but a softening of -5.2% for units. Comparing Q4 2023 and Q4 2024, house sales grew by 6.9% (to 62 sales in Q2 2024) while unit sales declined by -33.3% (to only 6 sales in Q4 2024). Demand for houses remained strong, creating a buffer against higher interest rates. Units have become slightly more affordable for buyers; however, with limited ready-to-sell dwellings planned and land lots needing time for construction, buyers must act fast before property prices rise further.
Project Development
Casino will see approximately $501.2M of new projects commencing in 2025. There are a few housing-related projects planned in Casino, adding only a limited number of stand-alone houses (9) and units (13), which is not enough to answer demand. 46 land lots are planned, however this will take time to construct (into houses). This will add pressure on the housing market, which will likely drive prices higher.
Rental Market & Growth
House rental yields in Casino were 4.1% as of December 2024, higher than the New South Wales North Coast (3.8%) and Sydney Metro (2.7%) averages. This is paired with median house rental price growth of 6.4% in the past 12 months to Q4 2024, at $500 per week, and a significant decline of -48.9% in the number of houses rented (to 24 houses in Q4 2024). This indicates a highly undersupplied house rental market in Casino, thus the need for more investors in the area.
Vacancy Rates & Property Investment
Casino recorded a vacancy rate of 0.9% in December 2024, below the New South Wales North Coast’s average of 1.0% and Sydney Metro’s 2.1%. Vacancy rates have fluctuated in the past 12 months, but overall declined from 1.1% in December 2023, indicating a tighter rental market. Furthermore, a 0.9% vacancy rate is well below the Real Estate Institution of Australia’s healthy benchmark of 3.0%, thus quicker occupancy of rental homes in Casino. This is a conducive environment for investors, even with higher house prices (thus entry price) in the past 12 months to Q4 2024.
