House Prices
As a result of a strong housing market, median house prices increased by 136.7% throughout Hervey Bay in the five years between the 12 months to the end of June 1999 and the 12 months to the end of June 2004. The suburbs of Howard (159.6%), River Heads (158.1%) and Torquay (157.0%) experienced the most significant growth in median house prices over this period.

At the same time, the median house price for Hervey Bay was $255,000 in the June Quarter 2004, up 4.1% from the $245,000 recorded in the March Quarter 2004. The highest median house prices in Hervey Bay in the June Quarter 2004 were recorded in Kawungan ($302,500), followed by Urraween ($302,000) and Torquay ($265,000).

Vacant Land Sales
According to the REIQ, River Heads recorded the largest number of vacant land sales in the June Quarter 2004, followed by Craignish and Aldershot. River Heads also recorded the highest median value of vacant land ($115,000), while Craignish recorded a median value of $114,000. The median value of land sales in Aldershot was significantly lower. Aldershot and Kawungan recorded the strongest growth in the median vacant land sale price between the 12 months to June 1999 and the 12 months to June 2004.

Good quality land blocks can still be purchased in Hervey Bay between $105-$115,000.

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