Budget market dominates Whitsundays property market: HTW

The Whitsundays has two price points that are appearing active right now, according to Herron Todd White’s latest monthly market report.

The property advisory firm says that the first one is the budget market which is high $300,000 to low $400,000. At this price, you can expect to purchase:

• An older style 1980 to 1990 life style property or a modern liveable shed between Cannonvale and Proserpine.

• A new 3- to 4- bedroom home in Cannonvale or Jubilee Pocket.

• An older, larger 1980s to 1990s home on a larger lot with pool or shed.

Buyers in this market are mainly investors and first home buyers.

An example would be a three bedroom home at 15 Armada Crescent (above) that is for sale for $399,000.

The other market that is moving is the upgrade market with values from $600,000 to $800,000, which purchases:

• A larger dwelling with ocean views;

• A larger modern dwelling with pool or shed on small acreage.

The main buyers in this market are home owners upgrading with some investors and holiday home purchasers.

The unit market is the slowest in the Whitsundays at the present time.

Within this market, the entry level unit market with values from high $100,000 to high $200,000 is the slowest and includes small 1- or 2-bedroom units in Cannonvale and Jubilee Pocket.

Buyers in this market are traditionally investors or first home buyers.