Gundagai Property Market Update 1st Half 2026
Gundagai is a historic town in the hills of New South Wales, about 375km southwest of Sydney. It is rich in culture and natural history and is home to well-preserved colonial architecture and the iconic Dog on the Tuckerbox. With a perfect mix of country charm, natural beauty and modern conveniences, Gundagai is an ideal family location.
Property Trends
In Q4 2025, Gundagai recorded a median house price of $515,000 and a median vacant land price of $280,000. This represents a 12‑month (Q4 2024 – Q4 2025) median price growth of 5.1% for houses and 36.1% for vacant land. Comparing Q4 2024 and Q4 2025, sales decreased by -44.4% for houses (to 10 sales in Q4 2025) but increased to 7 sales for vacant land (from just 2 sales the year prior). The Gundagai house market is undersupplied, which created a buffer against higher interest rates and thus retained its price growth. Without any new residential projects / housing stock planned, house prices will very likely continue to increase. Thus, buyers must act fast.
Project Development
Gundagai will see approximately $761.5M of new projects commencing from 2022–2026. Clara Energy Project Rosedale ($600.0M) is the largest project, delivering renewable energy from both solar and hydrogen to the area. At present there are no residential stock planned, which suggests the current housing undersupply will remain. This will push up house prices even further.
Rental Market & Growth
House rental yields in Gundagai were 3.5% as of December 2025, above Sydney Metro (2.6%). The median house rental price increased by 11.9% in the 12 months to Q4 2024, at $470 per week. During this time, the number of houses rented decreased by -28.6%, from 7 rentals in Q4 2024 to 5 rentals in Q4 2025. This indicates an undersupplied and highly demanded rental market in Gundagai. This benefits investors, especially those seeking a more affordable investment option to Sydney Metro.
Vacancy Rates & Property Investment
Gundagai recorded a vacancy rate of 2.6% in December 2025, currently above Sydney Metro’s 1.8%. Vacancy rates have fluctuated greatly in the past 12 months after hitting a low of 0.0% in August 2025, due to the extremely small size of the Gundagai rental market. That said, a 2.6% vacancy rate is still slightly below the Real Estate Institute of Australia’s healthy benchmark of 3.0%, indicating quicker occupancy of rental properties in Gundagai. This creates a conducive and sustainable environment for investors, even with a higher median house sale price in the past 12 months to Q4 2025.
