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Postcode 2323 (NSW) property development snapshot

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

$838,000
Median house price · December 2025 quarter
+13.6%
Median change, year on year
112
House sales in the period
$640/wk
Median rent · houses, all beds
4%
Indicative gross yield
#24
of 50 · NSW Opportunity Index

Median rents by bedroom

Type1-bed2-bed3-bed4+ bedAll
House$520/wk (16 bonds)$620/wk (68 bonds)$720/wk (38 bonds)$640/wk (123 bonds)
Townhouse$595/wk (6 bonds)
Unit$395/wk (15 bonds)$470/wk (20 bonds)$575/wk (9 bonds)$460/wk (46 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.

A gross yield around 4% is middling: it neither rescues nor kills a development case in Postcode 2323. End values and build cost will decide the feasibility, with rent as a secondary support. Median growth of +13.6% year-on-year on 112 sales reads as steady rather than speculative — a reasonable backdrop for a scheme that still has to work at today's end values. Postcode 2323 qualifies for the NSW Opportunity Index at #24 of 50 — mid-table on the yield-led score, so neither the rent side nor the momentum story dominates here. Rental depth is genuine: 123 bonds behind the headline median means the rent figure is an observed market, not a handful of tenancies. 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 2323.

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 2322 · Postcode 2324 · Postcode 2321

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.