Gundagai Property Market Update 2nd 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 Q2 2026, Gundagai had a median house price of $437,500 and a median vacant land price of $131,250. This is an annual (Q2 2025 – Q2 2026) price decrease of -17.8% for houses, while sales increased by 55.6% (to 14 houses in Q2 2026). Demand for houses continue to be high, but higher interest rates in the first half of 2026 have translated into the market. Vacant land prices also decreased, however with only 2 sales in Q2 2026, and a small market overall, price fluctuations are expected. Gundagai currently does not have any new residential developments planned, suggesting that buyer options remain very limited to currently available stock.
Project Development
Gundagai will see approximately $776.0M of new developments due to commence construction between 2023 and 2027. There are several mixed-use projects planned in Gundagai, with the largest being the Clara Energy Project in Rosedale. The project includes the construction of a hydrogen facility and solar farm, with an estimated value of approximately $600 million. This will assist with creating new jobs in the local area.
Rental Market & Growth
House rental yields in Gundagai were 4.1% in June 2026, higher than Cootamundra-Gundagai LGA (4.0%) and Sydney Metro (3.0%). Median house rental price has slightly declined in the past 12 months to Q2 2026, by -8.2% to $450 per week. The number of houses rented have also declined, by -40.0% in the past 12 months, to 3 rentals in Q2 2026. The rental market is quite small, which explains rental price fluctuations. However, with a slightly higher rental yield than Sydney Metro, it provides an opportunity for investors looking for a more affordable option.
Vacancy Rates & Property Investment
Gundagai recorded a vacancy rate of 1.1% in June 2026, above Cootamundra-Gundagai LGA (0.8%) but below Sydney Metro (1.6%). Vacancy rates in the past 12 months increased slightly, however a 1.1% vacancy rate is still below the 3.0% benchmark. This indicates strong rental demand and favourable conditions for investors in Gundagai, despite higher house sale prices (thus, entry price) recorded in the past 12 months to Q2 2026.
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