Upper Hunter Property Market Update 2nd Half 2026
Upper Hunter is a picturesque and vibrant area known for its rich landscapes and renowned wineries. The area is surrounded by rolling hills, charming small towns and national parks. With plenty of outdoor activities to enjoy, Upper Hunter is an ideal location for those looking for a rural escape.
Property Trends
In Q2 2026, Upper Hunter recorded a median house price of $655,000, and a median unit price of $540,000. This represents an annual (Q2 2025 – Q2 2026) median price growth of 11.2% for houses and 54.3% for units. Between Q2 2025 – Q2 2026 house sales have declined, by -21.3% (to 148 for houses in Q2 2026) but surged by 38.9% for unit sales (to 25 sales in Q2 2026). The residential market is in high demand, with an undersupply of houses, which creates a buffer against multiple cash rate hikes in 2026. With a limited number of new residential developments set to commence in 2026, price growth is expected to continue. Thus, buyers must act fast.
Project Development
Upper Hunter will see approximately $1.2B of new developments due to commence construction in 2026. With limited ready-to-go stock (only 3 units and 22 townhouses) coming onto the market, Upper Hunter will continue to see an undersupply in housing. This will push house prices up further; thus buyers are encouraged to act fast.
Rental Market & Growth
House rental yields in Upper Hunter were 3.8% in June 2026, higher than Hunter Region (3.6%) and Sydney Metro (3.0%). This was paired with a 5.3% increase in median house rental price in the past 12 months to Q2 2026, at $600 per week. The number of houses rented also increased, by 12.9% in the past 12 months, to 157 rentals in Q2 2026. The rental market in Upper Hunter is in high demand, which is beneficial for investors looking for a more affordable option to Sydney.
Vacancy Rates & Property Investment
Upper Hunter recorded a vacancy rate of 1.5% in June 2026, below the Sydney Metro 1.6% average. Vacancy rates in the past 12 months have declined slightly, which suggests a tighter rental market. Further, a 1.5% vacancy rate is well below the 3.0% benchmark, indicating quicker occupancy of rental homes in Upper Hunter. This creates a conducive environment for investors, even with a higher median house and unit sales price (thus, entry price) in the past 12 months to Q2 2026.
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