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Postcode 2119 (NSW) property development snapshot

GoSiteHunt Research · New South Wales · sales December 2025 quarter · rents April 2026 to June 2026 bond lodgements (3 months)

$2,630,000
Median house price · December 2025 quarter
+4%
Median change, year on year
36
House sales in the period
$1150/wk
Median rent · houses, all beds
2.3%
Indicative gross yield

Median rents by bedroom

Type1-bed2-bed3-bed4+ bedAll
House$900/wk (10 bonds)$1375/wk (15 bonds)$1150/wk (27 bonds)
Unit$690/wk (12 bonds)$700/wk (15 bonds)

Bond-lodgement medians from the NSW Fair Trading Rental Bond Lodgement data © State of New South Wales (CC BY 4.0), April 2026 to June 2026 bond lodgements (3 months). "Low sample" = the count is masked or small at source; treat those medians with care.

What the data suggests for developers.

At around 2.3% gross, rent barely registers against the $2,630,000 median — this is an end-value-led market. A feasibility in Postcode 2119 stands or falls on the sale price of the finished product, and holding costs bite harder while you build. The median is broadly flat year-on-year (+4% on 36 sales) — flat tape rewards accurate buying, because there is no rising market to bail out an overpaid site. All of the above is area-level screening, not advice: a specific parcel lives or dies on zoning, overlays, frontage, and the end value of what it can actually carry.

Check a specific address in Postcode 2119.

This page is postcode-level screening. For one property — zoning, what could be built, what a developer could pay — run a GoSiteHunt site check, screen it with the free Deal Killer Checklist, or see how many units fit on a block.

Related postcode snapshots: Postcode 2118 · Postcode 2120 · Postcode 2117

State-wide ranking: NSW Opportunity Index · all covered areas: suburb data hub

Granularity & method.

Postcode-level — the finest granularity NSW publishes under an open licence. (Suburb-level sale prices exist only in the Valuer-General's PSI files, which are CC BY-NC-ND and deliberately not used here.) Sale medians are non-strata (house) sales. Indicative gross yield = headline weekly bond median × 52 ÷ sale median — a screening ratio, not a valuation input.

Sources: NSW Rent and Sales Report, © State of NSW (DCJ), CC BY 4.0 · NSW Fair Trading Rental Bond Lodgement data © State of NSW (CC BY 4.0) · Indicative screening data — not financial, investment, valuation or planning advice. Area medians can move sharply between periods, especially on thin samples. © Madison Jade Pty Ltd.