🔑 Key Market Trends
- Rising Prices:
- Both houses and units are seeing notable annual price increases.
- Strong Rental Demand:
- Low vacancy rates and increasing rents are driving investor interest.
- Limited Housing Supply:
- A shortage of listings is sustaining price growth, despite softer sales volumes.
- High Buyer Interest:
- Especially from lifestyle-driven buyers and those relocating from capital cities.
- Interest Rate Environment:
- While rates may fall later this year, undersupply is insulating the market from short-term rate volatility.
🏡 Buyer Segments & Policy Impact
- First Home Buyers:
- Stamp duty abolished on new builds in Queensland is a major financial incentive.
- Affordability:
- Remains more affordable than other coastal regions, appealing to families, downsizers, and remote workers.
- Long-Term Growth Outlook:
- Fueled by immigration, lifestyle demand, and infrastructure investment.
📊 What It Means for You
- Sellers:
- Strong demand + low supply = a seller’s market. Good time to list, especially quality or well-located homes.
- Buyers:
- Competitive conditions mean acting quickly is crucial. First home buyers may find better value in new builds.
- Investors:
- Attractive yields and tight rental markets make Hervey Bay a compelling choice.