Hervey Bay has a vibrant real estate market and is consistently ranked either number 1 or number 2 as the nation’s fastest-growing city. This statistic has been consistent for the past 25 years. Strong growth means plenty of buyers and plenty of buyers means that the market is always strong. Hervey Bay is a popular destination for Victorians and New South Welshmen moving north to escape the winter chills. Hervey Bay enjoys one of the best temperate climates in Australia with warm winters and beautiful summers. Spring and Autumn are just about perfect with daily temperatures around 26 degrees. There is a particularly strong building and development industry in Hervey Bay. New land is continually coming on the market and in 2010 average prices of around $150000 per block makes it an affordable destination. There are plenty of new home builders in town and major development companies own sites for future apartment resorts. A strong tourist trade caused by tourists coming to see Fraser Island and go whale watching in Hervey Bay provides continuous demand for holiday rentals, especially in the new resorts.
Hervey Bay accommodation ranges from the budget level with several really good backpacker hostels, through to a five-star apartment resort. There are a large number of reputable real estate agents in Hervey Bay and all of the major real estate chains have franchise offices in town.