PRD Whitsunday 230 Shute Harbour Road, Cannonvale, QLD 4802 07 4946 2000
Request An Appraisal
· Join Up
PRD Whitsunday  →  Research Hub  →  Whitsunday Property Factsheet 1st Half of 2018

Whitsunday Property Factsheet 1st Half of 2018

The Whitsundays (4802 postcode) property market recorded a median house price of $473,750 and $220,000 for units in Q4 2017, representing an annual price change of 8.3% and -24.1% respectively. Median price in the Whitsunday Shire grew by 9.5% to $405,000 for houses while it softened by -22.5% to $215,000 for units. These indicators suggest houses in the Whitsundays area are a premium when compared to the Shire, whereas the overall unit market has become a buyers’ market.

The Whitsundays (4802 postcode) property market recorded a median house price of $473,750 and $220,000 for units in Q4 2017, representing an annual price change of 8.3% and -24.1% respectively. Median price in the Whitsunday Shire grew by 9.5% to $405,000 for houses while it softened by -22.5% to $215,000 for units. These indicators suggest houses in the Whitsundays area are a premium when compared to the Shire, whereas the overall unit market has become a buyers’ market.

Median rents in Whitsundays have shown strong growth over the past twelve months to Q4 2017, at 18.8% for houses (to $480p/w) and 25.0% for units (to $350p/w). Astute investors are benefiting from 5.5% (house) and 6.3% (unit) rental yield. House rental yields in Whitsundays prove to be strong, as it is positioned well above the Whitsundays LGA and North Coast QLD rental yields. 2+ Bedroom houses provide the highest annual rental growth at 20.7%, currently at $350 per week in 2017.

Vacancy rates in Whitsundays is low, recorded at 1.2%. Furthermore it has trended downwards over the past 30 months, confirming increasing rental demand which is ideal for sustainable investment returns. When compared to the vacancy rates in North Coast QLD (3.2%) this is extremely low, and along with low average days on market (20 days for houses and 19 days for units) demonstrate strong rental demand in the area.

Developments in Whitsundays commencing and those expected to be completed in the 1st half of 2018 are estimated at approx. $65.0M. A key mixed-use project is the Iconic on Langford at Funnel Bay ($20.0M), a five-star mixed used project including 30 apartments, bar, restaurant, wedding chapel and outdoor movie theatre. This project will commence February 2018 with expected completion in mid-2019. 

Popular

Latest

 Connect with us