Hervey Bay house and land market is active: HTW

Hervey Bay house and land market is active: HTW
Hervey Bay house and land market is active: HTW

The main industry driving the Hervey Bay market is tourism which directly employs 2,800 Fraser Coast residents and injected around $322 million into the economy in the year ended March 2016.

But valuers Herron Todd White suggest this was a 15 percent decrease.

The Fraser Coast region did however record a 21 percent increase to 619,000 in domestic visitation in the year, driven by more visiting friends and relatives and business related travel.

The winter months see the Humpback whales enter Hervey Bay and with them comes an influx of interstate travellers escaping the freeze.

"The Australian dollar can impact our tourism market not just domestically but internationally," HTW noted.

"Our residential market generally experiences good enquiry during these winter months as the visitors compare our affordable prices and returns to the higher prices they experience back in the southern states.

"Although tourism is our main industry, allied health and medical services is on the increase.

"This is a result of the generally ageing population and the completion of the 96-bed St Stephens Private Hospital in 2015 opposite the Hervey Bay hospital.

"The residential market in general is steady with little capital growth being experienced at present.

"House and land packages are possibly the most active market with numerous estates currently offering packages, some including State and Local Government grants."

These generally range from $340,000 to $460,000 depending on the location. 

Tags: 
Dwelling Values Hervey Bay

Community Discussion

Be the first one to comment on this article
What would you like to say about this project?