MADORA BAY MARKET SNAPSHOT- MAY 2025

Madora Bay remains a sought-after coastal suburb, with steady demand for both land and established homes. While sales activity has eased slightly, the market continues to perform well across both sales and rentals.

HOUSE PRICES RISING

The median house price has edged up to $775,000 — a modest 2% rise over the past year.
Most homes sold for $800,000 or more, with sales under $350,000 now almost non-existent.

SALES

There were 284 residential sales in the past 12 months — down 18% from the year prior. Land sales dominated with 195 transactions, followed by 89 house sales. Unit activity remains minimal.

LISTINGS

Stock levels have increased, with 20 properties for sale in May — up from just four the year before. Sixteen of these were houses, indicating more choice for buyers, though the market remains relatively tight.

LAND

Land prices have grown to a median of $347,000 — up from $282,000 last year — driven by continued demand for new coastal builds.

RENTALS

Leasing activity is up 52%, with 166 homes rented last year. The median rent is $650 per week, slightly lower than before. Most rentals (73%) are over $600, and homes lease fast, averaging 19 days.