Hervey Bay has transformed over the past five years, cementing its place as one of Queensland’s fastest-growing and most desirable regional cities.
Since early 2020, the median house price has risen from around $350,000 to approximately $680,000, with forecasts pointing towards $700,000 in the near future—a near 100% increase. Units have also surged from $264,000 to $490,000, and land in new estates now starts at $300,000+.
The rental market has mirrored this momentum. House rents now average $600/week, units $465/week, and the vacancy rate is just 0.9%—showing strong demand and quick turnarounds for rental properties.
For investors and property owners, this growth has unlocked significant value. But it’s also raised the big question: Can locals still afford to live here?
The answer depends on how we respond.
This is an opportunity—not a crisis—if we act wisely. Strong demand shows Hervey Bay is now firmly on the radar. But to keep it liveable and inclusive, we need to plan smarter, release land faster, and encourage a broader mix of housing that meets the needs of families, downsizers, and key workers alike.
With the right strategy, Hervey Bay can be a model for regional success: a city that welcomes growth while protecting affordability, lifestyle, and opportunity.
The next five years are ours to shape.
