Hervey Bay Market Update 1 st H a l f 2 0 2 6
FUTURE DEVELOPMENTS
OVERVIEW
In Q1 2026, Hervey Bay* recorded a median house price of $840,000 and a median unit price of $602,500. This represents an annual (Q1 2025 – Q1 2026) price growth of 13.5% for houses and 15.9% for units. Comparing Q1 2025 and Q1 2026, total sales declined by -6.5% for houses (to 374 sales in Q1 2026), but increased by 11.4% for units (to 117 sales in Q1 2026). The undersupply in housing stock and a high demand for units supported price growth, even with cash rate hikes in 2026. Thus, now is still an ideal time for owners to capitalize on their investments. With a limited number of new houses planned, buyers must act fast before prices rise further.
CHANGE FROM LAST
YEAR
Hervey Bay£ is to see approximately $388.4M of new projects commence construction in 2026.
Residential $80.2M
HALF YEAR
Commercial $132.5M
Mixed-Use
HOUSE SALE S
$104.1M
HOUSE ME DIAN PRICE
Infrastructure $51.3M
HOUSE RE NTAL PRICE A main mixed-use project planned in 2026 is Marina Square Hotel & Units ($80.0M), which will develop a 17-storey Riviera hotel & 2 residential towers with 83 x 2 bedroom & 37 x 3-bedroom units in 3 stages.
UNIT SALE S UNIT ME DIAN PRICE UNIT RE NTAL PRICE
Key residential projects include:
$ MARKET CONDITIONS MEDIAN PRICE Q1 2026
$840K
$603K
MEDIAN PRICE Q1 2026
$650
SALES
AVERAGE DAYS ON MARKET Q1 2026
48
54
HOUSE
U N I T
RENTALS
$525
•
11-15 Watson Street (56 Units)
•
Doolong South & Hebblewhite Roads (127 Land Lots)
•
Torquay Terrace (12 Townhouses)
•
12 Clarke Street (4 Dwellings)
Although many residential projects are planned for construction in 2026, the supply of ready-to-sell stand-alone houses is very limited (7 houses). Therefore, the house undersupply is expected to worsen. As a result, prices are highly likely to increase, across all property types (not just houses).
AVERAGE DAYS ON MARKET Q1 2026
25
23
HOUSE
U N I T
302 Units/ Apartments
12 Townhouses
7 Dwellings
527 Lots