The Toogoom property market is demonstrating strong growth, with median house prices rising significantly over the last year. As of mid-2025, the median house price is approximately $758,000. This increase is driven by a healthy demand from buyers, reflected in the relatively short average time properties spend on the market (around 36 days). The rental market is also very tight, with high demand and low vacancy rates, making it an appealing area for investors.
Hervey Bay is experiencing significant growth driven by a “sea-change” phenomenon, with people from major cities seeking a more affordable coastal lifestyle.
The growth is supported by a number of major infrastructure projects. These include:
· Hervey Bay City Centre Revitalisation: A major project featuring a new library and administration centre, aimed at creating a vibrant community hub.
· Residential Developments: Large-scale master-planned communities like “Beachside Dundowran Beach” are being developed to cater to the growing population, with over 1,600 residential lots planned & underway.
· Transport and Infrastructure Upgrades: A new integrated transport strategy is underway to manage the region’s growth, with upgrades to key road intersections and continued development of the Fraser Coast Sports and Recreation Precinct. The QR $7.2b train program at Torbanlea is a key part of the Queensland Train Manufacturing Program. A new facility is being built to manufacture 65 new six-car trains, creating hundreds of local jobs and boosting the Fraser Coast economy.
This combination of population growth and ongoing infrastructure investment is transforming Hervey Bay from a traditional “sleepy” seaside town into a bustling regional hub.