HERVEY BAY vs MARYBOROUGH — WHAT IS THE PROPERTY MARKET REALLY DOING?
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HERVEY BAY vs MARYBOROUGH — WHAT IS THE PROPERTY MARKET REALLY DOING?
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The latest Cotality Regional Market Update has just been released, and the figures reveal two very different stories across the Fraser Coast.
Hervey Bay
• Median dwelling value: $824,533
• Annual growth: 9.7%
• Median rent: $624 per week
• Gross rental yield: 4.0%
Maryborough
• Median dwelling value: $612,349
• Annual growth: 17.8%
• Median rent: $561 per week
• Gross rental yield: 4.7%
Maryborough is currently recording stronger price growth and a higher rental yield, while Hervey Bay remains the larger and higher-value market.
However, rental growth is beginning to cool, listings are increasing and buyers and tenants now have more choice.
In this short Fraser Coast Property Brief video, I explain the latest figures and what they could mean for local property owners, buyers, sellers and investors.
Watch the video and let me know: Which Fraser Coast market do you think offers the best opportunity right now—Hervey Bay or Maryborough?