Hervey Bay Market Update 2nd Half 2025
In Q3 2025, Hervey Bay* recorded a median house price of $760,000and 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 93sales in Q3 2025). Q3 2025 saw a higher level of interest from buyers and anundersupply 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 anideal time for owners totransact.
FROM LAST HOUSE MEDIAN PRICE HOUSE RENTAL PRICE
PRICE
RENTAL PRICE
Hervey Bay£ is to see approximately $180.6Mofnewprojectscommencing constructionin2025
HALF
A main commercial project planned for 2025is Solana Lifestyle Resort Nikenbah Stages 2-5 ($50.0M). This is a 160single-storey independent living units for over-50s project.
Key residential projects include:
• Opal Shelly Beach Hervey Bay Apartments (47Apartments)
• Baylinks Estate Pialba Subdivison Stages 5-9 & 11-17 (204 Lots)
• 254-262Torquay Terrace Townhouses (20 Townhouses)
MEDIAN PRICE Q3 2025 MEDIAN PRICE Q3 2025
AVERAGE DAYS ON MARKET Q3 2025
59
$760K $590K
AVERAGE DAYS ON MARKET Q3 2025
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 VENDOR DISCOUNT*
Average vendor discount reflects the average percentage difference between the first list price and final sold price. A lower percentage difference (closer to 0.0%) suggests that buyers are willing to purchase close to the first asking price of a property.
Average vendor discounts between Q3 2024and Q3 2025 have tightened to -1.7% for houses and swung to a premium of 0.3%for units. While the house market still favours buyers, where sellers are accepting a slightly lower final price than the first list price, the overall market is increasingly shifting towards sellers. Buyers must act quickly, especially with no ready-to-sell housing supply expected in the 2025pipeline.
The city of of Hervey Bay has outperformed Fraser Coast Regional Area (LGA) for median house price, and on par for median unit price in the past 5 years. This continues in 2025#,with price growth in both the LGA and suburb.
The dominant proportion of houses sold in Hervey Bay* in 2025#were in the middle price point between $700,000to $799,999for houses (26.7%) and $550,000to$649,999for units (28.2%). Premium segments remain strong, with 23.4% of houses sold at $900,000and above and 16.3%of units sold at $750,000and above, which benefits owners. Most of the affordable options remain available as well, with 11.2% of houses sold less than $599,999and 21.4% of units sold less than $449,999,in good news for first home buyers Overall, there is a home for every budget in Hervey Bay*.
MARKET COMPARISON
Bay (4655) House
Bay (4655) Unit
The market comparison graph provides a comparative trend for the median price of houses and units over the past 5 years. The main LGA profiled was chosen based on their proximity to the main suburb analysed, which is Hervey Bay.
PRICE BREAKDOWN
than $449,999 $450,000 to $549,999
$550,000 to $649,999
$650,000 to $749,999 $750,000 and above
RENTAL GROWTH 2025€
House rental yield in Hervey Bay¥ was 3.8%in September 2025, higher than Fraser Coast LGA (3.5%) and Brisbane Metro (3.1%). This is paired with an 8.3% growth in median house rental price in the past 12 months to Q3 2025,at $650per week, along with a -15.9% decrease in the number of houses rented (to 264rentals in Q3 2025). Overall, this suggests an undersupplied house rental market in Hervey Bay¥, which is good news to investors.
3+ bedroom houses have provided investors with +7.3% rental growth annually, achieving a median rent of $590per week.
Hervey Bay¥ recorded a vacancy rate of 0.9%in September 2025, below Fraser Coast LGA’s 1.1% and Brisbane Metro’s 1.0%. Vacancy rates in Hervey Bay¥ have increased slightly in the past 12 months, due to investors returning to the market. Thatsaid, a 0.9%vacancy rate is well below the Real Estate Institute of Australia’s healthy benchmark of 3.0%, thus properties are rented quicker in Hervey Bay¥. This confirms there is a healthy rental demand and a conducive sustainable investment environment in Hervey Bay¥, even with a higher entry price in Q3 2025.
RENTAL VACANCY RATES 2025
RENTAL
HerveyBay
PROJECT DEVELOPMENT MAP 2025 ₳
HERVEY BAY
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REFERENCES
* Hervey Bay sales market data and key indicators encapsulates aggregate property market conditions within the suburb of 4655.
** Estimated values are based on construction value provided by the relevant data authority and does not reflect commercial and/or re-sale value.
# 2025 encapsulates sales transactions for Q1 - Q3 (01/01/2025– 30/09/2025)only, other years encapsulates sales transactions for the full year (i.e 01/01 to 31/12 of the relevant year).
€ Annual rental growth is a comparison between Q3 2024 (01/07/2024 – 30/09/2024)and Q3 2025 (01/07/2025 – 30/09/2025) house median rent figures.
¥ Hervey Bay rental market data encapsulates aggregate property conditions within the postcode of 4655.
§ Rental yields shown are as reported as of September 2025.
₳ Project development map showcases a sample of upcoming projects only, due to accuracy of addresses provided by the data provider for geocoding purposes.
£ Projects refers to the top developments within postcodes of Torquay, Urangan, Pialba, Dundowran, Hervey Bay, Nikenbah, Point Vernon, Urraween, Wondunna, Scarness.
µ Estimated value is the value of construction costs provided by relevant data authority, it does not reflect the project’s sale/commercial value.
ψ Commencement date quoted for each project is an approximate only, as provided by the relevant data authority, PRD does not hold any liability to the exact date.
Source: APM Pricefinder, Cordell Connect database, SQM Research, Esri ArcGIS.
Disclaimer: PRD does not give any warranty in relation to the accuracy of the information contained in this report. If you intend to rely upon the information contained herein, you must take note that the information, figures and projections have been provided by various sources and have not been verified by us. We have no belief one way or the other in relation to the accuracy of such information, figures and projections. PRD will not be liable for any loss or damage resulting from any statement, figure, calculation or any other information that you rely upon that is contained in the material.
Prepared by PRD Research. © All medians and volumes are calculated by PRD Research. Use with written permission only. All other responsibilities disclaimed. © Copyright PRD 2025.
