Hervey Bay PROPERTY MARKET REPORT
MRD was developed to educate, empower and assist property investors throughout their investment journey.
To do so, we’re committed to offering the latest Hervey Bay property market research so you can learn, grow and build sustainable wealth primarily through property.
Our reports are backed by almost 15 years of property research experience.
The information in these reports is sourced from a range of published and respected data sources to create a holistic overview of the region’s property market.
In other words, we've done the legwork so you don’t have to.
Our Hervey Bay Property Market Report addresses all aspects that are pertinent if you are considering acquiring residential property in the region to expand your investment portfolio. It puts all elements of Hervey Bay in context for you, with a focus on:
- The Property Cycle
- Vacancy Rate
- Median Rents
- Rental Prices
- Rental Yield
- Median House Price
- Supply Indicators
- New Stock Coming to Market
- Industry sector of employment
- Employment Status
- The Future: The property and commodity market
Based on latest ABS data, the population of Hervey Bay was 54,924 in 2012.
There is $9 million worth of infrastructure projects currently or soon to be underway in the region, which is predicted to support around 60 local jobs and inject almost $20 million into the regional economy.
The Hervey Bay property market is transitioning from Bottoming phase to Rising phase.
The median House price is $328,000 with an average of 201 days on market; and the median Unit price is $263,000, with an average of 203 days on the market.
Hervey Bay is experiencing a short supply in the rental market with a low vacancy rate 1.7% and an increasing rental yield currently sitting at 5.5% for Units and 4.6% for Houses.
First homebuyers in the region benefit the Hervey Bay Housing Affordability Incentive Scheme, which contributes $12,000 towards the purchase of a newly built property. Find out More >
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