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Hervey Bay

Hervey Bay

Land Price:

Land Category:

Residential

Listing Type

Property Status:

current

Authority:

sale

Property ID:

LD503

Date Listed:

2023-12-04

Land Details

Land Area:

Unknown

Land Category:

Residential

Pricing Details

Land Price:

Description

Hervey Bay

What makes Hervey Bay such a great choice to live and invest is a combination of the location, lifestyle, growth, home prices and a tight rental market. The region is currently affordable compared to metropolitan markets and is worth serious investigation if you are looking to build your property portfolio. Now that “working from home” employment opportunities have increased in some industries around Australia, there is also more freedom to live outside of metropolitan areas.

Within a 5 minute drive from public and private schools, shopping centres, hospitals, sports fields, eateries and the beach, this estate is positioned for convenience. With such a central location, all of Hervey Bay is only within a 10 min drive.

Situated in an emerging growth area on the vibrant Fraser Coast.

Located in the Dundowran – Nikenbah Growth Area of Hervey Bay. The estate is strategically positioned on the borders of three emerging growth suburbs – Nikenbah, Wondunna and Kawungan. (source forecast.id.com.au)

Statistics for median price growth and rental performance (in the three suburbs surrounding this estate) in the 12 months up till Jul 2022 according to realestate.com.au:

Median Price Growth as at Jul 2022: 
🔵 Nikenbah 23.9% price growth
🔵 Kawungan 27.2% price growth
🔵 Wondunna 21.5% price growth

Rental Market Performance as at Jul 2022:
🔵 Nikenbah Rental yield: 5.2%
🔵 Nikenbah 15.3% rental price growth over 12 months
🔵 Kawungan Rental yield: 5.0%
🔵 Kawungan 17.3% rental price growth over 12 months
🔵 Wondunna Rental yield: 4.9%
🔵 Wondunna 10.1% rental price growth over 12 months

Rental Vacancy Rates for Hervey Bay were 0.6% as at June 2022 (source SQM research).

According to The Fraser Coast Regional Council, the population forecast for 2022 is 109,595, and this is forecast to grow to 138,433 by 2041. FCRC 2022 population
forecast for Dundowran – Nikenbah Growth Area is 2,695, and this is forecast to grow to 7,487 by 2041. This represents a population increase of 177.85% 2022-41.

Hervey Bay is the major urban hub of the Fraser Coast.

Key employment sectors on the Fraser Coast include health care, education, retail trade, food services (tourism), accommodation, & manufacturing.

Hospitals – The Fraser Coast has two public hospitals (Hervey Bay Hospital and Maryborough Hospital) one private hospital (St Stephen’s Hospital at Hervey Bay), and day surgery clinics.

Retail – The two main retail areas are the Hervey Bay CBD and the Maryborough CBD, with other significant retail centres being Bay Plaza, Eli Waters Shopping Centre, Maryborough Central Plaza Shopping Centre, Pialba Place Shopping Centre, River Heads Shopping Village, Station Square Shopping Centre, Stockland Hervey Bay Shopping Centre and Urangan Central Shopping Centre.

Education – Facilities include the University of the Sunshine Coast (Fraser Coast Campus), Wide Bay Institute of TAFE (Hervey Bay Campus), and numerous private and public schools.

Transportation Networks
🟡 Bruce Highway
🟡 Fraser Coast Airport (Hervey Bay and Maryborough)
🟡 Tilt Train
🟡 Fraser Island Ferry and Barges

Distances
🟡 Brisbane CBD 250km
🟡 Bundaberg CBD 110km

Major Industrial Precincts
🟡 Dundowran (north of Lower Mountain Road)
🟡 Maryborough (eastern section)
🟡 Maryborough West
🟡 Urangan (southern section)

The main industrial precincts are located in the southern parts of Hervey Bay and the eastern and the western parts of Maryborough.

Economic Growth, Advanced Manufacturing & Job Creation.

The Fraser Coast is strategically located halfway between Brisbane and Gladstone, with direct access to major road and rail networks.

Advanced Manufacturing – Fraser Coast is set to be a leader in advanced manufacturing with over 150 years manufacturing experience, affordable land and site opportunities, and emerging supply chain opportunities in defence, rail and aviation.

Health & Aged Care – Population growth area. With the population of Hervey Bay on track to become one of the top 25 biggest cities in Australia, there are opportunities to service the needs of a growing population. Hervey Bay is an attractive destination for retirees due to the naturally accessible environment.

Sustainability – The Fraser Coast is emerging as a leader in sustainability. With a pipeline of projects – including Forest Wind (one of the biggest wind farms in the Southern Hemisphere). Existing capacity to fulfil supply chain requirements. Strong local demand for energy use in medium and heavy industries.

Tourism – World-famous tourist destination. Worlds first Whale Heritage Site, Hervey Bay is regarded as the best destination to see humpback whales. Australia’s favourite lifestyle destination. Easy access to major population centres. Boasting a mild, temperate climate – Hervey Bay is the perfect place to holiday year round. (source investfrasercoast.com)

Industry is set for a multi-billion dollar manufacturing boom:
🔵 $7B Queensland Government New Generation train tender
🔵 $2B Forest Wind clean energy project
🔵 $385M EDI train maintenance contract
🔵 $300M Munna Creek solar farm
🔵 $175M Susan River solar farm
🔵 $110M Bruce Highway Saltwater Creek upgrade
🔵 $81M Rural Funds group macadamia and cropping project
🔵 $70M ESI battery factory to supply 20% of Australia’s needs
🔵 $60M Nioa-Rheinmetall munitions factory
🔵 $60M Urangan Harbour Precinct
🔵 $55M Fraser Coast Sport and Recreation Precinct
🔵 $40M Hervey Bay CBD redevelopment
🔵 $28M SignatureCare 180 bed Aged Care facility
🔵 $26M Hervey Bay Airport redevelopment
🔵 $21M Boundary Road extension
🔵 $14.5M Hyne Timber mill expansion
🔵 $13.8M Analytica high tech medical device factory + call centre
🔵 $12M AstroAero aircraft manufacturing facility

A picturesque coastal city on the verge of a big expansion.

Major features of the Fraser Coast Council area include:
Fraser Island, Burrum Coast National Park, Great Sandy National Park, Poona National Park, Mount Walsh National Park, Mt Bauple National Park (Scientific), Wide Bay Military Training Area, Reef World Aquarium, Maryborough Portside, Fraser Coast Cultural Centre, Fraser Coast Wildlife Sanctuary, University of the Sunshine Coast (Fraser Coast Campus), TAFE Queensland East Coast (Fraser Coast Campus), Hervey Bay Hospital, Maryborough Hospital, Hervey Bay Aquatic Centre, Maryborough Aquatic Centre, WetSide Water Education Park, Wongi Waterholes, Lake Lenthall, Bauple Museum, Brennan & Geraghty’s Store Museum, Brooweena Historical Village Museum, Burrum District Museum, Hervey Bay Historical Village & Museum, Maryborough Military & Colonial Museum, Mavis Bank Historic House Museum, Wide Bay Hospitals Museum, the Hervey Bay CBD, the Maryborough CBD, Fraser Island Ferry and Barges, whale watching tours, the Great Sandy Strait, the Mary River, various beaches & numerous state forests. (source FCRC)

Other notable attractions include the Urangan Pier, Marina, Jetties, Brolga Theatre, Esplanade BBQ and exercise facilities, water sports facilities, RSL and Boat clubs.

Local Festivals and Cultural Events:
🟡 Hervey Bay Whale Festival
🟡 Hervey Bay Seafood Festival
🟡 Melish Food & Wine Festival
🟡 Mary Poppins Festival
🟡 Maryborough Pub Fest
🟡 CoalFest Burrum Heads
🟡 STEAMfesta Steampunk Festival (source FCRC)

One-of-a-kind protected UNESCO biosphere location.

Humpback Whales The world’s first Whale Heritage Site, Hervey Bay is scientifically recognised as a rare stopover site for migrating humpback whales, making it an eco-experience uniquely different from any other whale watching destination along the east coast of Australia (and the world). Hervey Bay is where the whales choose to stop, stay and play during the cooler months of their annual winter migration.

Safe, Protected Beaches – Hervey Bay is the perfect spot for safe, calm swimming beaches and those looking for a relaxing dip in the ocean without the large crowds. Pialba beach includes a free kids water park, Wetside. Walking paths and bikeways stretch the entire length of the Esplanade (13 kilometres of beachfront) and provide picturesque
views all the way from Urangan around to Point Vernon. 

K’Gari / Fraser Island – Located just a 40 min boat ride from Hervey Bay, K’gari is the World’s largest sand island. This spectacular island boasts crystal clear freshwater lakes, long stretches of pristine beaches, ancient sand dunes, lush rainforests, and a host of incredible flora and fauna.

Diving and Reefs – An underwater wonderland awaits divers on the Fraser Coast. With abundant options from wrecks to reefs, there are plenty of places to explore under water.

Fishing – Queensland’s Fraser Coast is home to one of the most diverse fisheries in Australia. The unique location provides an overlap of both norther and southern fish species. Popular options include beach fishing on the eastern side of K’gari, pelagic fishing in Platypus Bay, and chasing blue marlin. Some of Australia’s most iconic sportfish species can be successfully targeted on the Fraser Coast including blue and black marlin, sailfish, longtail tuna, golden trevally, GT, snapper, coral trout, barramundi, threadfin salmon & mangrove jack. (source visitfrasercoast.com

Disclaimer: All prices and information are accurate as of August 11, 2023, and may have changed since.

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Video

Master Plan

Property Address

Hervey Bay

QLD

4655

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