Neil Casey
Lake Illawarra, NSW+21
Regional NSW · Blue Mountains
The 'jewel of the Blue Mountains', Leura is a picturesque village known for its magnificent gardens, Edwardian architecture, and a charming main street filled with boutiques, galleries, and cafes.
Market snapshot
Price register · May 2026
Median house
$1,238,500
Mid-band $1.24Mspread 10%
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Create Your Free ProfileLast reviewed 13 May 2026
Median unit
$615,000
Mid-band $615Kspread 10%
Days on market
50 days
Median listing-to-sold window. Shorter = tighter buyer field.
Auction clearance
Private-treaty market
Share of auctions sold. Brisbane skews private-treaty.
Rental yield
3.4%
Gross yield on house stock. Premium suburbs compress.
5-year house-price growth
+25.1%
cumulative since 2021Who buys here
Sydney tree-changers · Retirees and downsizers · Young families
5-year trend
Modelled trajectory anchored on aggregated 5-year median figures. Indicative; not month-by-month observed data.
Market analysis
The Leura property market is a prime example of a premium lifestyle-driven market, characterized by its resilience and strong focus on capital growth over rental yield. With a median house price of approximately $1,238,500 and a median unit price of $615,000, Leura sits at the higher end of the Blue Mountains region, reflecting its desirability. The market has demonstrated consistent, albeit moderate, recent growth, with house prices seeing a 3.
2% year-on-year increase. This follows a period of significant escalation during the post-COVID regional boom, where city dwellers sought space and a scenic environment. While the intense growth of 2021-2022 has tempered, the market has not seen a major correction, instead entering a period of stability supported by tightly held stock. The average hold period for properties is over 11 years, indicating a low turnover rate and a stable community.
This scarcity of available properties is a key driver of price resilience. When homes, particularly those with heritage features, established gardens, or escarpment views, come to market, they attract significant interest. Demand is primarily fueled by 'tree-changers' from Sydney, downsizers, and retirees, who are often less sensitive to interest rate fluctuations and more focused on securing a specific lifestyle. This buyer demographic contributes to the market's stability. While the rental yield of around 3.4% is modest, it reflects the market's capital-growth orientation. Investors are typically drawn to Leura for long-term wealth preservation and appreciation rather than immediate cash flow. Infrastructure in the Blue Mountains, including the Great Western Highway upgrades and reliable train services, continues to make Leura a viable, if long, commute for hybrid workers, sustaining a foundational level of demand from those with ties to Sydney.
Leura's market is defined by its blend of heritage charm and natural wonder, attracting buyers who invest in a lifestyle, not just a property.
Why a buyers agent
Leura's property market is deceptively complex, divided by the highway into distinct north and south pockets with significant price and character differences. An experienced buyer's agent understands the nuances of securing a home in a tightly-held market where off-market opportunities are common. They can identify value in properties with sought-after features like established cool-climate gardens or escarpment views, which command a premium that isn't always obvious in online listings. Furthermore, navigating the specific building codes, heritage overlays, and bushfire zoning regulations in the Blue Mountains requires local expertise to avoid costly mistakes. An agent provides a critical advantage in negotiations, especially when competing against cash-ready Sydney buyers.
Living in Leura means being surrounded by the World Heritage-listed Blue Mountains National Park, with instant access to stunning lookouts, waterfalls, and bushwalking trails.
The heart of Leura is its picturesque, tree-lined main street, offering a unique selection of boutiques, galleries, and cafes that foster a strong sense of community and sophisticated village life.
Leura is a blue-chip mountains suburb. Its property is tightly held and highly sought-after by lifestyle-driven buyers, ensuring long-term price resilience and capital growth potential.
Known as the 'Garden Village', Leura is famous for its magnificent cool-climate gardens and beautiful heritage homes, creating a unique and aesthetically pleasing environment.
From retirees and downsizers to young families and professionals, Leura's blend of tranquility, culture, community, and connectivity appeals to a diverse range of people seeking a higher quality of life.
Compare
| Metric | This suburbLeura | NearbyHazelbrook | NearbyKatoomba | NearbyWentworth Falls |
|---|---|---|---|---|
| Median house | $1,238,500 | $940,123 | $890,000 | $1,130,000 |
| Median unit | $615,000 | $700,000 | $620,000 | — |
| Auction clearance | — | — | — | — |
| Days on market | 50 days | 21 | 40 days | 43 days |
| Year-on-year growth | +3.2% | +11.9% | +4.7% | +21.8% |
| 5-year growth | +25.1% | +10.22% | +41.3% | +68.7% |
| Rental yield | 3.4% | 3.7% | 3.8% | 3.2% |
| Postcode | 2780 | 2779 | 2780 | 2782 |
Snapshot date varies by suburb; see individual suburb pages for figures.
The place
Leura is a picturesque village perched 985 metres above sea level in the World Heritage-listed Blue Mountains National Park, approximately 100km west of Sydney. Its heart is the National Trust-classified Leura Mall, a cherry-tree-lined main street renowned for its boutique shops, art galleries, bookstores, and cafes like Leura Garage and Silks Brasserie.
The suburb is famous for its stunning gardens, most notably the Everglades Historic House and Gardens, and the annual Leura Gardens Festival in October. Education is catered for by Leura Public School, with high school students typically attending Katoomba High School nearby. Transport is centered around Leura Railway Station, which provides regular services to Sydney on the Blue Mountains Line, and local bus routes connect it to adjacent towns.
Outdoor recreation is a major drawcard, with numerous walking trails accessible from the village. Popular spots include the Leura Cascades picnic area, Gordon Falls Lookout, and Sublime Point, all offering breathtaking views of the Jamison Valley. The area is rich in natural beauty, from tranquil waterfalls to dramatic cliff-top walks like the Prince Henry Cliff Walk connecting Leura to Katoomba.
Frequently asked
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The 5-year trajectory is a modelled curve anchored on the documented cumulative growth rate. Editorial review: 13 May 2026. Updated quarterly.
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