WATCH: April 25, 2022 Whitsunday Weekly E-News

Hi, Annette Neil from PRD Whitsunday, with this week's update.

Last week I spoke about the latest findings from our half-yearly report.

I spoke about the rental vacancy rates, yields, pricing sales volumes, etc.

To have a healthy local economy, you always need to be having development.

It can be a contentious issue; however, next year, we are set to see up to 387 million dollars worth of development start here in the Whitsundays.

There's a mixture of residential infrastructure and commercial. A couple of  big-ticket items like the Shute Harbour Marina.

We're also looking at the duplication of Street Harbour road as some infrastructure is being put in there by the government, and a little bit of residential as quite a few blocks of land are being created. We’re seeing land development come to the fore, including some lots or super sites that have been relatively dormant before the GFC. So some really positive signs there for our local economy. We've got some beautiful things happening, and it'll be great to see how all of that ends up.