Tannum Sands Property Factsheet 2nd Half of 2018

Tannum Sands is a coastal town and locality in the central east coast of Queensland. According to ABS Census 2016 31.4% of private dwellings were rented, a significant increase compared to the 9.2% reported in 2011. Further, the number of private dwellings grew by 12.8% during this time. This signals there is improved conditions for investment.

Tannum Sands recorded a median house price of $302,000 and $152,000 for units in the 2^nd Half of 2018. This represents an annual (2^nd Half 2017- 2^nd Half 2018) price softening of -1.0% (house) and a strengthening of 13.0% (units) respectively. Units in Tannum Sands have become a scarcity, with an absence of stock in the market. Houses have become more affordable in Tannum Sands, providing great opportunities to first home buyers.

Annual (2^nd Half 2017-2^nd Half 2018) median price have softened in the Gladstone City Council (LGA), by -5.0% to $291,000 for houses and by -12.0% to $174,000 for units. When compared to the LGA, property prices in Tannum Sands offers more affordable entry prices. This suggests that investing in Tannum Sands is a long-term strategy.

Median rental prices have strengthened over the past 12 months to 2^nd Half 2018 in Tannum Sands, by 12.0% to $280 per week for houses and 21.0% to $175 per week for units. Investors are assured of quick rental uptake in this high-demand market as vacancy rates have declined over the past 12 months.

Market recovery in Tannum Sands is still at the beginning of its journey. Planned future development such as large infrastructure spending in the pipeline for 2018 onwards will further stimulate the market for 2019 onwards. Now is the time to take advantage of this affordable market.