Rental occupancy rate is high as market starts to recover
SLOWLY but surely, the Hervey Bay housing market is on the up.
That's according to leading market expert Andrew Wilson, who was in Hervey Bay on Thursday to give a free seminar to residents and real estate agents.
The senior economist for Fairfax-owned Australian Property Monitors said the Bay's outlook was part of a statewide trend as the Queensland housing market as a whole was "moving solidly into recovery and expansion".
Hervey Bay's population growth has slowed in the past few years, but Dr Wilson said the occupancy rate for rental properties was quite high, which in turn was an attraction for investors.
The other positive for Hervey Bay, Dr Wilson said, was its location and lifestyle - desirable factors which would never change and which attracted retirees and sea changers.