Hervey Bay Market Update 2 nd H a l f 2 0 2 5
FUTURE DEVELOPMENTS
OVERVIEW
In Q3 2025, Hervey Bay* recorded a median house price of $760,000 and a median unit price of $590,000. This is an annual (Q3 2024 – Q3 2025) price growth of 9.4% for houses and 20.4% for units. Comparing Q3 2024 and Q3 2025, total sales decreased by -29.6% for houses (to 316 sales in Q3 2025) and -29.5% for units (to 93 sales in Q3 2025). Q3 2025 saw a higher level of interest from buyers and an undersupply of homes for sale in the market. This created a buffer against higher interest rates; hence continuous price growth. Combined with no ready-to-sell houses planned in 2025, now is an ideal time for owners to transact.
CHANGE FROM LAST
YEAR
Hervey Bay£ is to see approximately $180.6M of new projects commencing construction in 2025.
Residential
HALF YEAR
$53.2M
Commercial $58.0M
HOUSE SALE S HOUSE ME DIAN PRICE HOUSE RE NTAL PRICE
UNIT SALE S
Infrastructure
Industrial
$45.4M
$20.1M
A main commercial project planned for 2025 is Solana Lifestyle Resort Nikenbah Stages 2-5 ($50.0M). This is a 160 single-storey independent living units for over-50s project.
UNIT ME DIAN PRICE UNIT RE NTAL PRICE
Key residential projects include:
•
$
Opal Shelly Beach Hervey Bay Apartments (47 Apartments)
•
Baylinks Estate Pialba Subdivison Stages 5-9 & 11-17 (204 Lots)
MARKET CONDITIONS
•
254-262 Torquay Terrace Townhouses (20 Townhouses)
MEDIAN PRICE Q3 2025
$760K
$590K
MEDIAN PRICE Q3 2025
$650
SALES
AVERAGE DAYS ON MARKET Q3 2025
59
70
HOUSE
U N I T
RENTALS
$502
All residential projects will deliver ready-to-sell units and townhouses. While land lots are available, they will require time to build into a home. The shortage of new stand-alone houses will worsen the current undersupply, driving prices higher across all property types.
AVERAGE DAYS ON MARKET Q3 2025
19
19
HOUSE
U N I T
115 Units/ Apartments
31 Townhouses
373 Lots