Whitsundays Property Market Update 2nd Half 2025
Whitsundays is located off the Queensland East Coast in the Coral Sea. In the 2021 ABS Census, it had a population of 2,281 people. Snorkel or scuba dive among the friendly marine life at the Heart of the Great Barrier Reef or sail around the 74 majestic islands.
Property Trends
In Q2 2025, Whitsundays recorded a median house price of $799,000 and a median unit price of $465,000. This is an annual (Q2 2024 – Q2 2025) growth of 5.1% for houses and 13.4% for units. Comparing Q2 2024 and Q2 2025, sales declined by -20.4% for houses (to 39 in Q2 2025) and -37.3% for units (to 74 in Q2 2025). This confirms an undersupply for both property types, which created a buffer against higher interest rate, thus, continued price growth. Now is an ideal time for owners to capitalize on their investments. Further, with all new projects focused solely on townhouses and lots, and no new ready-to-sell houses in the pipeline, buyers need to act quickly before property prices rise further.
Project Development
Whitsundays will see approximately $418.8M of new projects commencing construction in 2025. A key mixed-use project is St Bees Boulevard Retirement Village & Residential Subdivision, a 46.01-hectare land to be reconfigured into 199 residential lots. Another key project is the Edenvale Cannon Valley Master Planned Community, to build a masterplan on a 102.2-hectare site, creating 500+ residential lots and over 900 homes. This project is in early stages, including a consultation time with the wider community.
Rental Market & Growth
House rental yields in Whitsundays were 5.4% as of June 2025, higher than Whitsundays LGA (4.7%) and QLD North Coast (5.0%). Further, median house rental price increased by 8.3% in the past 12 months to Q2 2025, at $780 per week. However, the number of houses rented declined by -28.6% (to 40 houses). There is an undersupplied and competitive house rental market in Whitsundays, which is beneficial to investors.
Vacancy Rates & Property Investment
Whitsundays recorded a vacancy rate of 1.1% in June 2025, slightly above the Whitsundays LGA’s average of 0.9% and QLD North Coast’s 1.0%. Vacancy rates have decreased in the past 12 months, indicating an even tighter market. Furthermore, a 1.1% vacancy rate is well below the Real Estate Institution of Australia’s healthy benchmark of 3.0%, indicating quicker occupancy of rental homes in the Whitsundays. This creates a conducive environment for investors, even with a higher house and unit sales (thus entry) price in the past 12 months to Q2 2025.
