Nagambie Property Market Update 2nd Half 2025
Nagambie, in Victoria, offers a serene lifestyle with beautiful lakeside views and plenty of outdoor activities like boating and bird watching. The town's family-friendly vibe and charming Victorian-era main street make it an inviting place to call home.
Property Trends
In Q3 2025, Nagambie recorded a median house price of $620,000 and a median land price of $230,000. This represents an annual (Q3 2024 – Q3 2025) price growth of 20.3% for houses and a softening of -15.6% for land. Comparing Q3 2024 and Q3 2025, total sales surged by 130.8% for houses (to 30 sales in Q3 2025) and 50.0% for land (to 9 sales in Q3 2025). There is a highly demanded house market, creating a buffer against higher interest rates, leading to continuous price growth. Thus, now is an ideal time for house owners to transact. Land lots have become more affordable, creating an opportunity for first home buyers wishing to build.
Project Development
The Shire of Strathbogie plans to see approx. $154.6M of new projects commencing construction in 2025 and 2026. Although new dwellings (approx. 5 units and 15 houses) are planned, when compared to Q3 2025 sales of 30 houses, this is still not enough to meet current demand. Furthermore, land lots will take time to build (into houses). Thus, property prices across all stock types are expected to increase in the short term.
Rental Market & Growth
House rental yield in Nagambie was 4.3% as of September 2025, higher than Northern Victoria (3.0%) and Melbourne Metro (3.1%). Further, this is paired with a 2.3% growth in the median house rental price in the past 12 months to Q3 2025, at $450 per week, and a -6.7% decline in the number of houses rented (to 14 rentals in Q3 2025). This confirms there is an undersupplied house rental market in Nagambie, offering an attractive and more affordable investment option to Melbourne Metro.
Vacancy Rates & Property Investment
Nagambie recorded a vacancy rate of 1.2% in September 2025, below the Northern Victoria average of 1.4% and Sydney Metro’s 1.8%. Vacancy rates have decreased in the past 12 months, indicating an even tighter rental market. Furthermore, a 1.0% vacancy rate is below the Real Estate Institute of Australia’s healthy benchmark of 3.0%. This suggests quicker occupancy of rental homes in Nagambie. Combined with higher rents there is a conducive environment for investors, even with a more expensive median house sale price (thus entry price) in the past 12 months to Q3 2025.
