Hervey Bay

Hervey Bay

Hervey Bay is a Coastal town approx. 3 and a half hours north of Brisbane. The Bay divides the mainland from Fraser Island and is the Tourism region for Whale watching in the months of April to October each year.

Boating and Fishing is another very popular past-time of the Hervey Bay region.

Hervey Bay has long been one of Australia’s fastest growing regions and has a population of approx. 50,000.

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Hervey Bay continues to be one of the stronger markets in regional Queensland for Rent Rolls and Real Estate Businesses. Its growth has leant itself to new development both residentially and commercially and is not affected by the mining industry.

With a larger percentage of newer properties within local portfolio’s the incomes are generally higher than other regional towns and properties easier to manage. Therefore they also generate good demand in most markets.

The Real Estate market is holding well in Hervey Bay and good Real Estate Rent Rolls for sale will achieve a fair market value.
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Real Estate Agency Sales met several potential buyers who would purchase a good Rent Roll within the region. We did list one Agency’s rent roll and a buyer was found quickly after several strong enquiries.

Multiplier:
Hervey Bay: The multiplier for Rent Rolls sold in Hervey Bay is normally mid 2, around 2.40 to 2.55 per $1.

Businesses:
Hervey BayReal Estate Businesses are of interest to potential buyers for their steady values and growth potential. However it remains a relatively small market which means there is always going to be some limits to the amount of potential buyers.

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Agency value is once again determined by at least the 3 major factors, Agency profits, salespeople skills and success history and the Businesses reliance on the Principal for income.

At the moment there are no more Businesses for sale or Property Management rent rolls for sale.

For more details contact Kevin Hockey from Real Estate Agency Sales on 0447 555 683 or email kevin@reas.com.au

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