Fraser Coast remains steady above 6%: Herron Todd White

Fraser Coast remains steady above 6%: Herron Todd White
Fraser Coast remains steady above 6%: Herron Todd White

Valuation firm Herron Todd White has suggested that sales relating specifically to investors have remained steady throughout 2015 for the Fraser Coast in their recent month in review report.

"Most investors target property in the sub $350,000 range, with only minimal activity above this price point.

"Rents have been gradually rising over the past two years, with some property achieving gross yields above 6%."

The HTW November report also states that many agents now comment that they simply do not have enough housing stock to cater for the ongoing demand, with a mix of interstate, intrastate and local buyers competing for existing property.

"Hervey Bay currently has at least five separate estates being developed with the next stage likely to cater for house and land packages under $400,000.

"Going forward, demand is expected to remain constant for investors as these new estates move to completion.

"Growth in rental return is not expected to continue however and is likely to stabilise in the short term, with affordability being a major factor."

Joel Robinson

Joel Robinson

Joel Robinson is a property journalist based in Sydney. Joel has been writing about the residential real estate market for the last five years, specializing in market trends and the economics and finance behind buying and selling real estate.

Tags: 
Property market Residential Investment

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