Hervey Bay - Fraser Coast QLD
Hervey Bay has been showing signs of elevated sales activity in its residential property market over the past two years and is poised for a period of solid price growth. Several of its suburbs have recorded growth in the past 12 months.
Coinciding with improvements in the property market is a significant fall in unemployment which is now at its lowest level since 2012. This followed the creation of a regional medical precinct which has attracted workers.
The Fraser Coast Council has been encouraging construction activity and major projects are in the pipeline. These, along with a $112 million capital works Budget and a $60 million munitions factory in Maryborough, are happening.
Affordability combined with a relaxed seaside lifestyle add to the appeal of the Hervey Bay property market, where vacancies are low and rental returns well above average.
This report includes the towns / suburbs of Craignish, Dundowran Beach, Eli Waters, Kawungan, Pialba, Point Vernon, Scarness, Toogoom, Torquay, Urangan, Urraween and Wondunna.