Shepparton Property Market Update 2nd Half 2025
Shepparton, in Victoria, offers a relaxed lifestyle with affordable housing and minimal peak-hour traffic, making it an ideal choice for those looking for a peaceful setting. Its lively cultural scene and convenient proximity to Melbourne create a unique blend of rural charm and urban accessibility, ideal for professionals and families.
Property Trends
In Q3 2025, Shepparton recorded a median house price of $530,000 and a median unit price of $395,000. This represents an annual (Q3 2024 – Q3 2025) median price growth of 10.4% for houses and 9.7% for units. Comparing Q3 2024 and Q3 2025, sales increased by 11.5% for houses (to 223 sales in Q3 2025) and doubled for units (to 52 sales in Q3 2025). Property is highly demanded in Shepparton, with a shift in buyer preference towards units; due to its affordability (compared to house prices) and more stock available. Current market conditions suggest now is an opportune time for owners of both property types to capitalize on their investments.
Project Development
Shepparton will see approximately $1.3B of new projects commencing construction in 2025. Although there are several residential projects in the pipeline, most will add land lots to the market, which will take time to develop into homes. The number of ready-to-sell stock in 2025 is small, thus in the short-term demand will exceed supply. This can lead to an undersupply, driving prices up. Buyers must act fast to secure their property.
Rental Market & Growth
House rental yield in Shepparton was 4.3% in September 2025, higher than Northern Victoria (4.0%) and Melbourne Metro (3.1%). This was paired with a 4.2% growth in median house rental price in the past 12 months, at $500 per week, along with a slight 0.5% increase in the number of houses rented, to 218 rentals in Q3 2025. Average days on market decreased by -8.3%, to historical low point of 22 days. This confirms there is a highly demanded and competitive house rental market, offering an attractive and more affordable investment option to Melbourne Metro.
Vacancy Rates & Property Investment
Shepparton recorded a vacancy rate of 1.0% in September 2025, below Melbourne Metro (1.8%). Vacancy rates have decreased in the past 12 months, indicating a tighter rental market. Furthermore, a 1.0% vacancy rate is below the Real Estate Institute of Australia’s healthy benchmark of 3.0%, suggesting quicker occupancy of rental homes in Shepparton. There is a conducive environment for investors, even with a higher house and unit sale prices (thus, entry price) in the past 12 months to Q3 2025.
