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 strong price growth. Several of its suburbs have recorded solid growth in the past 12 months.
The Fraser Coast Council has been encouraging construction activity and major projects are in the pipeline. The creation of a regional medical precinct is attracting workers which, in turn, is generating higher rental returns.
A recent deal with the Federal Government is expected to provide a vigorous boost to the local economy. Major expansions of the Urangan Harbour, the local university campus, Hervey Bay’s CBD and a sports precinct are among 30 priority projects identified under the Hinkler Regional Deal for the Bundaberg–Hervey Bay region.
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.