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PRD Whitsunday  →  Research Hub  →  Whitsunday Property Factsheet 2nd Half of 2018

Whitsunday Property Factsheet 2nd Half of 2018

The Whitsundays (4802 postcode) property market recorded a median house price of $412,500 and $231,000 for units in Q2 2018, representing an annual (Q2 2017-Q2 2018) price change of -0.6% and -28.9% respectively. Compared to the Whitsundays 1st Half 2018 Research Factsheet, which reported a house and unit median price annual (Q4 2016-Q4 2017) change of 8.3% and -24.1% (respectively); properties in the Whitsundays has become more affordable.

The Whitsundays (4802 postcode) property market recorded a median house price of $412,500 and $231,000 for units in Q2 2018, representing an annual (Q2 2017-Q2 2018) price change of -0.6% and -28.9% respectively. Compared to the Whitsundays 1st Half 2018 Research Factsheet, which reported a house and unit median price annual (Q4 2016-Q4 2017) change of 8.3% and -24.1% (respectively); properties in the Whitsundays has become more affordable.

Over the same period (Q2 2017-Q2 2018), median house prices in The Whitsunday Shire Local Government Area (LGA) softened by -9.3% to $335,500 and unit prices softened by -29.1% to $230,500. Compared to its LGA, Whitsundays property market is a premium market – both from an entry price point and price stability perspective, especially for the house market.

The Whitsundays house rental market continued upward in Q2 2018.  The number of rented properties has increased significantly over the past 12 months to Q2 2018. The number of houses rented increased by 89.8% yet weekly median rental price grew by 6.7% to $480. This suggests a real increase in rental demand for houses and investment value for investors. There is an even bigger increase in rental stock demand for units, by 171.4%. Rental yield has remained strong, at 5.5% for houses and 5.8% for units, which are above the average for the Northern Coast of Queensland. This suggests investors need to urgently consider the Whitsundays as an investment opportunity.

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