The Springs Estate
The Springs Estate
It may not have made the media yet but Hervey Bay is booming. Buyers are flooding into the market due to its unbeatable lifestyle at an amazingly affordable price.
The Springs Estate is the most desirable community in Hervey Bay. Its oversized lots and minimum house size of 240mtrs is attracting buyers who are spending large amounts on building substantial homes. It is the benchmark for luxury living in Hervey Bay.
Hervey Bay is located three and a half hours north of Brisbane and an hour south of Bundaberg. It is the main service centre for the Fraser Coast which is a rapidly expanding region home to more than 110,000 people. It has an ideal climate, enviable coastal lifestyle and next door to the world heritage listed Fraser Island.
With such an amazing lifestyle on offer, it’s easy to see why so many people are relocating there.
Retirees don’t have jobs, but they create them in massive numbers. The first and most obvious needs of these are medical services. The expansion of health care services in Hervey Bay in the last decade has been massive and continues to boom. These are well paid professionals.
Retiree socialise, eat out, need gardeners, people to service their cars, sell them caravans and boats etc. The multiplier affect means there are more people and young families moving to Hervey Bay to fill the void in services required. And these relocating young families need schools, home builders, furniture, sporting facilities, police officers etc.
And since COVID struck, demand for homes to buy and rent has surged even more from people wanting to relocate from Sydney, Melbourne and Brisbane. So land sales are at record levels and the vacancy rate is less than 1%. So all of the fundamentals for a price boom at in play.
But wait, there is more!!
Lifestyle
Fantastic climate, beautiful beaches, great schools, hospitals, a University and TAFE and everything is only minutes away. No traffic cues or crowded beaches. Please see the following video which explains the lifestyle on offer.
Affordability
The median house price in Hervey Bay is around $350,000. You can’t even buy land for that price 40kms from Sydney. People moving to the region can potentially upgrade to a bigger and better home and still have a chunk of money to bank. So new residents can now afford that boat or caravan they have always dreamed of.
It’s not only housing that is cheaper. School fees are less, lower council rates, cheaper entertainment with so many amazing natural attractions an easy day trip away.
Positive Cash Flow
Due to ongoing high demand the vacancy rate in Hervey Bay is now below 1% and returns are above 5%. With interest rates at historic lows, the overwhelming majority of people investing in property in Hervey Bay will have positive cash flow.
Economy
Hervey Bay is the Fraser Coast’s main regional centre. It was proclaimed a city in 1984 and evolved from an amalgamation of small seaside villages along the Fraser Coast. It runs along the Hervey Bay coastline and its suburbs include Dundowran, Dundowran Beach, Eli Waters, Kawungan, Nikenbah, Pialba, Point Vernon, Scarness, Takura, Torquay, Urangan, Urraween, Walligan and Wondunna. Townships outside the Hervey Bay city limits include: Aldershot, Booral, Burrum Heads, Craignish, Howard, River Heads, Toogoom and Torbanlea.
The city is well-known nationally for its temperate climate, world-class beaches, proximity to Fraser Island and the whale watching industry. Over the past two decades, Hervey Bay has enjoyed one of the fastest growth rates in Queensland. Its current population is estimated to be over 52,000 and although growth has slowed, it is expected to reach 65,943 by 2036.
Introducing The Springs Estate,
Experience the best of Queensland’s coastal living in a stunning lakeside setting at The Springs Hervey Bay.
Nestled on a hillside only minutes from the Hervey Bay’s pristine coastline, this exceptional residential estate with a natural freshwater lake and panoramic country views, is the place that you will want to call home.
This is no cookie-cutter estate; the large 900-1000+sqm terraced blocks give you plenty of options to create the home of your dreams, whether by the lake or taking in the sweeping views of the hinterland from your deck.
The Fraser Coast is internationally renowned for its stunning natural setting – from kilometres of white sandy beaches, abundant wildlife, the World Heritage listed Great Sandy Strait and Fraser Island, and acres of forest and hinterland to explore, you will be spoilt for choice. Matched with a fantastic climate and a friendly and welcoming community, The Springs Hervey Bay offers the best of coastal living at an affordable price.
We are pleased to provide this fully turnkey house and land package. Details are as follows:
Please note that the façade image is an illustration only and may defer once the plan is sited to the Lot.
Lot 26 The Springs – $543,860
Land – 851sqm – $190,000
Build – 240sqm – $353,860
4 bed, 2 bath, 2 living, butler’s pantry, 2 car
Please note that the floor plan shown below is 222mtrs and is an indication only. A further 18mtrs will be added to this design to meet the developments covenants.
Land registration: End 2021 / Early 2022
Rental Appraisal: $490 – $520 per week
Council rates: approximately $2,500 pa
This fully turnkey home will have Executive Inclusions such as 2550mm square set ceilings, smooth render finish to façade, 600x600mm rectified porcelain tiles to wet areas and alfresco and porch areas, 40mm stone kitchen benchtops with waterfall edge, timber-look hybrid flooring to kitchen/dining/living/hallway, 900mm stainless steel appliances, air-con to living and master, roller block-out blinds, LED downlights, water connection to fridge, gas point to alfresco, exposed aggregate to driveway, full landscaping and more.
Deposit requirements: Must complete and sign EOI template in Dropbox folder. Initial $1,000 with EOI, and a further $9,000 payable upon contract signing. Finance due 30 days from date of contract.
CONTACT PROPERTY FINANCE INVEST FOR MORE INFORMATION