PRD Hervey Bay 428 The Esplanade, Torquay, QLD 07 4125 1900
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PRD Hervey Bay  →  Research Hub  →  Hervey Bay Property Factsheet 1st Half 2018

Hervey Bay Property Factsheet 1st Half 2018

The Hervey Bay property market experienced a positive median house price growth of 0.9% since the 2nd half 2016, which is at $348,000 in 2nd half 2017. Over the same period of time (2nd half 2016 to 2nd half 2017), median unit prices grew by 5.1% to $268,000. Hervey Bay is a reliable market for investors, owner-occupiers and first home buyers.

The Hervey Bay property market experienced a positive median house price growth of 0.9% since the 2nd half 2016, which is at $348,000 in 2nd half 2017. Over the same period of time (2nd half 2016 to 2nd half 2017), median unit prices grew by 5.1% to $268,000.  Hervey Bay is a reliable market for investors, owner-occupiers and first home buyers.

Over the same period of time (2nd half 2016 to 2nd half 2017), house prices in The Fraser Coast Regional Local Government Area (LGA) also grew by 0.9% to $325,000 and unit prices grew by 6.0% to $265,000. Compared to Fraser Coast LGA, both houses and units in Hervey Bay* are premium price markets, with comparable annual growth. Those looking to enter the property market in Hervey Bay may need to be prepared for higher prices but will benefit from a capital growth perspective. Thus Hervey Bay offers exciting opportunities to secure an ideal property while stock is available.

Over the same period of time (2nd half 2016 to 2nd half 2017), rent in Hervey Bay increased for houses whilst remaining relatively stable for units over the past 12 months to December 2017, currently at $350 per week (house) and $290 per week (units). Investors are benefiting from rental yields of 4.7% (house) and 5.7% (units), which is slightly higher than that of Fraser Coast Regional – 4.4% and 5.3% respectively. This signals that Hervey Bay*, provides great returns without sacrificing affordability.

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