<a href="https://www.apartments.com.au/developers/draycon">Draycon Building</a> is nearing completion of Boutique Chevron Island, a 42-apartment development on the northern end of Chevron Island at 17–19 Parneno Street, with a limited-time offer of fully furnished apartments available.

Now more than 90 per cent complete, <a href="https://www.apartments.com.au/buildings/boutique-chevron-island-17-19-parneno-chevron-island-qld-4217">Boutique</a> has been shaped by one of the Gold Coast’s most tightly held island addresses, where riverfront outlooks and walkable access to Surfers Paradise converge.

For Draycon Building Managing Director Howard Dabit, the appeal of the site was immediate.

“I knew it was a good site as soon as I saw it,” Dabit said.

“The position and location on the north end of <a href="https://www.apartments.com.au/developments/chevron-island-qld-4217">Chevron Island</a>, the way the river swirls around the site basically from the north to the east, it feels like the site is surrounded by the water. The height that we’ve got and the aspect looking north is beautiful. Eighty per cent of the apartments are looking north so they get that drenching sunlight coming in.”

[smartcode_project:default project_id=89709 project_image_fid=360922]

That northern orientation places the development within a stretch of Chevron Island defined by open river aspects and skyline views, while remaining embedded in the suburb’s established village setting.

Chevron Island has increasingly drawn owner-occupiers seeking centrality without the intensity of high-rise beachfront living. Positioned at the geographical centre of the Gold Coast, the island offers direct access to both the beach and key cultural infrastructure while retaining a neighbourhood-scale character.

Connected by bridge to Surfers Paradise, Chevron Island offers walkable access to beaches, riverfront parklands and a revitalised foreshore boulevard animated by walkers and cyclists throughout the day. The Pacific Ocean is only minutes away, reinforcing the suburb’s dual river-and-surf identity.

At the same time, Thomas Drive forms the spine of the island’s village life, delivering cafés, wine bars, casual dining and everyday services within easy reach. Independent grocers, wellness operators and neighbourhood retailers contribute to a community atmosphere that remains distinct from the vertical scale of the beachfront.

[smartcode_project:default project_id=89709 project_image_fid=360915]

In the opposite direction, the Green Bridge links directly to HOTA – Home of the Arts – placing galleries, performance venues and parklands within walking distance. Weekly markets and major exhibitions draw visitors from across the region, while residents return to a quieter residential pocket at day’s end.

Public transport, including nearby bus routes and the G:link light rail corridor along the coastal spine, strengthens connectivity north and south. Griffith University, the Gold Coast University Hospital precinct and established private schools such as The Southport School are all within a short drive.

Ongoing investment across Surfers Paradise, HOTA and the broader Southport corridor has elevated amenity while preserving Chevron Island’s comparatively low-rise residential character. It is this balance, walkable village atmosphere paired with metropolitan-scale infrastructure, that continues to differentiate the suburb from higher-density beachfront precincts.

Boutique comprises just 42 residences, designed to maximise river and skyline outlooks within this tightly held island setting.

Boutique Chevron Island is slated for completion in April 2026, with prices starting from $1,220,000.

[smartcode_project_cta:default project_id=89709]

Joel Robinson

Draycon Building’s Boutique Chevron Island places 42 residences at the heart of the Gold Coast

Sydney developer <a href="https://www.apartments.com.au/developers/deicorp">Deicorp</a> has secured planning approval for a $300 million residential development in Lindfield, marking the company’s second project on Sydney’s North Shore and its first on the Upper North Shore.

Located on Beaconsfield Parade and designed by DKO Architecture, the state significant development comprises three buildings of up to 10 storeys and will include 399 residences, including 59 affordable homes and 40 adaptable homes.

Residences will range in size from one, two and three bedrooms, with two-bedroom apartments accounting for over 60 per cent of the product make-up. Residents will have access to a broad suite of amenities, including a wellness area, indoor and outdoor recreational spaces, a pool, a gym, a community room and a golf simulator.

In line with Deicorp’s long-standing focus on creating transit-oriented communities, the project is located just 260 metres from the Lindfield Train Station, reinforcing its role in delivering well-connected housing close to established infrastructure, retail and local services.

The inclusion of affordable and adaptable housing supports greater diversity within the local market, while the mix of apartment types responds to demand from downsizers, young professionals and families seeking access to the Upper North Shore.

Deicorp Founder Fouad Deiri OAM said the approval represents an important milestone for both the company and the suburb

“This approval allows us to deliver well-designed homes in a location that is already supported by strong transport and community infrastructure," Deiri said.

"Our focus is on creating places that integrate into their surroundings and provide long-term value for residents, and the broader Lindfield community. Being within walking distance of the station ensures this project supports sustainable growth in the right locations."

Across its portfolio, Deicorp currently has 4,703 apartments under construction, playing a leading role in shaping connected, liveable communities across Sydney.

Its expanding portfolio of Metro-linked developments includes Tallawong Village, <a href="https://www.apartments.com.au/new-apartments/kings-bay-village-five-dock-53-75-queens-road-five-dock-nsw-2046">Kings Bay Village</a> in Five Dock, <a href="https://www.apartments.com.au/new-apartments/hyde-metropolitan-sydney-133-141-liverpool-street-sydney-nsw-2000">Hyde Metropolitan</a> in Sydney CBD, <a href="https://www.apartments.com.au/new-apartments/falcon-alexander-crows-nest-8-alexander-street-crows-nest-nsw-2065">Falcon &amp; Alexander</a> in Crows Nest and Showground Village, Castle Hill.

Deicorp purchased the Beaconsfield Paradise site last year. Construction is scheduled to commence in Q2 of 2026 and will be completed in 2029.

Deicorp expands portfolio to nearly 5,000 apartments with Lindfield project

In a joint venture with The Trump Organization, Australia developer Altus Property Group has announced plans to bring a Trump International Hotel &amp; Tower to the Gold Coast, marking the first Trump-branded project in Australia.

"Trump International Hotel &amp; Tower, Gold Coast is our first official project in Australia and reflects our unwavering commitment to delivering world-class luxury experiences in iconic locations around the world," Eric Trump, Executive Vice President of The Trump Organization, said.

"This development exemplifies the Trump brand’s dedication to quality, sophistication, and unmatched service, and we are thrilled to bring this vision to the vibrant Gold Coast community."

The 91-storey building, which will become the tallest in Australia at 335 metres, will feature a&nbsp;285-room luxury hotel bearing the trademark Trump logo. It will also include 272 luxury residential apartments, a three-level podium with an exclusive Beach Club, and over 3,400 sqm of premium commercial, retail, and dining space, revitalizing the central Surfers Paradise precinct.

“Trump International Hotel &amp; Tower, Gold Coast will be a truly unique offering in the Australian market, bringing the prestige and allure of a world-class luxury brand,"&nbsp;Altus founder and chief executive David Young said.

"Altus Property Group is proud of its track record in delivering landmark developments across Australia, and our expertise ensures this project will be an outstanding success."

Trump Hotel heads for the Gold Coast to become Australia's tallest building

More than a century after the Corrimal Coke Works first opened in 1912, the industrial landmark that helped shape the suburb is being reinterpreted as a walkable residential neighbourhood, with Stage One of <a href="https://www.apartments.com.au/new-apartments/the-works-stage-one-27-railway-street-corrimal-nsw-2518">The Works</a> now underway at 27 Railway Street.

For 102 years, the site was central to <a href="https://www.apartments.com.au/developments/corrimal-nsw-2518">Corrimal</a>’s economic and social identity before operations ceased in 2014. Rather than erasing that legacy, developer Legacy Property has embedded it into the masterplan, retaining and reinterpreting elements such as the iconic 1912 brick chimney and sections of the original C1 Coke Oven Battery, alongside the adaptive reuse of the former powerhouse building.

Stage One will introduce 181 apartments across low-rise buildings, offering predominantly two and three-bedroom residences with completion targeted for mid-2027. The scale and configuration reflect a deliberate focus on owner-occupiers, targeting those seeking a lower-maintenance home in a prime location within the northern suburbs of Wollongong.

[smartcode_project:default project_id=143415 project_image_fid=359833]

Apartments have been designed to maximise natural light and cross-ventilation, with floor-to-ceiling glazing extending living areas onto generous balconies. Engineered timber flooring, induction cooktops and 900mm ovens in larger residences support everyday functionality, while two interior palettes allow buyers to tailor finishes to their preferences. The material selection draws on a restrained coastal language, intended to connect homes to their surroundings rather than compete with them.

The Works forms part of a broader 18-hectare masterplan that will ultimately deliver around 550 dwellings, new parks, and a heritage precinct celebrating the site’s past. More than seven hectares are dedicated to open space, including Southern Park and a Village Green with community gardens and recreation areas. The creek corridor is being rehabilitated with 150,000 native plantings, restoring biodiversity to the site and softening landscape.

[smartcode_project:default project_id=143415 project_image_fid=359841]

Positioned adjacent to Corrimal Station and within walking distance of Corrimal Town Centre, the precinct places daily essentials, rail connections and local retail within easy reach. Wollongong CBD, including the hospital, university and entertainment venues, sits approximately 6.5 kilometres to the south.

For buyers more familiar with North Wollongong, Corrimal offers a different proposition: a well-established coastal suburb framed by beaches to the east and the escarpment to the west, with a strong sense of local identity shaped in part by the former Coke Works. The Works seeks to reinforce that identity by creating a connected, walkable neighbourhood between coast and escarpment, rather than a standalone apartment complex.

Sustainability underpins the development approach. The Works is targeting Wollongong’s first 5-Star Green Star-rated community, with water-sensitive urban design, recycled materials and energy-efficient buildings integrated across the masterplan. For residents, these measures provide not only environmental benefits but also reduced operational costs and future resilience.

[smartcode_project:default project_id=143415 project_image_fid=359842]

With construction commenced and display materials available to view, prospective buyers can now engage more directly with the project’s vision, reviewing floorplans, material selections and the broader masterplan in detail. For many local homeowners weighing a move, the opportunity to experience how heritage, landscape and contemporary design intersect may help bridge the gap between familiarity and the next chapter.

As Stage One progresses toward its mid-2027 completion, The Works represents a significant chapter in Corrimal’s evolution, transforming a site that once powered local industry into a walkable residential precinct designed for its next generation of residents.

[smartcode_project_cta:default project_id=143415]

Legacy Property’s The Works reimagines Corrimal’s century-old Coke Works

When it comes to developing in Melb​ourne's Bayside region, <a href="https://www.apartments.com.au/developers/lowe-living">Lowe Living</a> knows exactly what buyers want.

With a longstanding presence in the area and a string of sell-out projects, Lowe Living consistently delivers developments that are as sought-after as their predecessors.

Their latest instalment is in <a href="https://www.apartments.com.au/developments/hampton-vic-3188">Hampton</a><a href="https://www.apartments.com.au/developments/hampton-east-vic-3188">&nbsp;East,</a> the same postcode where they have previously delivered Hampton Hill and Oceano. The developer-builder recently commenced construction on its newest project,&nbsp;<a href="https://www.apartments.com.au/new-apartments/marella-hampton-31-35-alicia-street-hampton-east-vic-3188">Marella</a>, a collection of 32 apartments just five minutes from the beach.

Site acquisition is paramount to success. Lowe Living rarely brings a building to market that isn’t within walking distance of essential amenities, whether it be the beach, a prominent retail strip, or a train station. Marella is no exception, located at its Alicia Street address, less than a kilometre from the retail heart of Hampton Street and Hampton Station.

[smartcode_project:default project_id=146197 project_image_fid=358495]

Equally important to Lowe Living is the architecture.

For Marella, they appointed <a href="https://www.apartments.com.au/architects/cera-stribley-architects">Cera Stribley</a>, who explains that the architectural vision was to create a contemporary reinterpretation of the Californian bungalow, a style that’s iconic to Hampton’s heritage.

"By borrowing, abstracting, and reinterpreting elements of this quintessential style, such as strong datum lines, articulated columns, exposed structures, and roof tiles, our design strikes a balance between modernity and familiarity," says Cera Stribley.

"This approach ensures that the development is not only visually appealing but also contextually sensitive, resonating with Hampton's existing architectural landscape."

[smartcode_project:default project_id=146197 project_image_fid=358499]

The building features terracotta brick, soft cream masonry, and exposed metal detailing, giving it a tactile presence that is intended to weather gently over time.

Internally, the focus on lasting quality continues, with two and three-bedroom residences anchored by sculptural stone kitchen islands, natural light, and clearly defined transitions between living, dining, and outdoor spaces.

The layouts have been carefully designed. Open-plan zones extend to private balconies, with light-filled interiors and generous kitchen proportions, supported by Miele wall ovens, induction cooktops, and integrated fridge-freezers. These are not small apartments rebranded as luxury; they have been designed at scale, with ample storage, hotel-style entry access, and secure basement parking provided as standard.

[smartcode_project:default project_id=146197 project_image_fid=358492]

At the uppermost level, Marella’s Signature Collection penthouses offer city or bay views, large entertaining terraces (some with outdoor spas), and elevated finishes, including fully wrapped stone kitchen benches and a Liebherr wine fridge.

Flexible room arrangements allow for a fourth bedroom or secondary living space, sought-after by both empty nesters who want the space when family visits and families with older children.

[smartcode_project:default project_id=146197 project_image_fid=358498]

A residents’ lounge on the ground floor reinforces the project’s small-community feel. With a fireplace, private dining area, and adjoining terrace, it’s one of several shared spaces that balance amenity with privacy and scale.

Construction has commenced, with completion expected in early 2027.

[smartcode_project_cta:default project_id=146197]

Lowe Living continues Bayside legacy as Marella rises in Hampton

Hervey Bay

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The supply of housing stock on the Hervey Bay residential market has dropped considerably, however demand remains steady with some contracts considered to be at the upper end of market parameters, according to the latest Herron Todd White (HTW) residential report. 
The valuation firm suggests that in locations across the nation, the downtime delivered by isolation has spurned on owners looking to improve their assets through maintenance and upgrade. This month's HTW residential report highlights where renovations are on the rise and the price points and outcomes those markets can expect.
The report notes the Fraser Coast has slowly started to come alive again since the lifting of the first stage of restrictions, with day trips now permitted to Fraser Island. 
Small cafes have reopened at this stage, with some larger establishments only offering take away meals and bottle shop drive through service.
Some retail outlets which appear to be doing quite well in these tough times include the local fishing supply store, office supplies and printer refills due to so many working from home.
"Queensland Health reports that the Wide Bay had a total of 24 cases of COVID-19 with 24 now recovered and no active cases, which is very encouraging for the region. We look forward to stage two in June when caravan parks and camping will be permitted once more," the valuation firm said. 
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The vacancy rate for rentals remains low with rents stable. Property values are also stable, with no noted change across any price point, the HTW report noted. 
"Renovations have slowed over the past few months on the Fraser Coast as consumers appear to be conserving their dollars and energy.
Local builders have reported that the demand for new owner- occupier homes remains consistent with locals providing enough work for the rest of the year. Work in the construction industry has continued throughout the crisis which has been sobering for regional employment," the valuation firm said. 
A fully renovated home in Eli Waters has recently been sold for $155,000.
The two bedroom, one bathroom house is situated at <a href="https://www.realestate.com.au/sold/property-house-qld-eli+waters-133118442" target="_blank">89 Cherry Street Hazelmere Village 14 Ibis Boulevard</a> (pictured below).
It features modern kitchen, new carpet throughout the home, new TV aerial and new LEG lighting. 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/6/29/eli%20waters.jpg" alt="">
A current listing is a renovated four bedroom house in the seaside suburb of Urangan.
The <a href="https://www.realestate.com.au/property-house-qld-urangan-133484134" target="_blank">73 Dayman Street </a>home (pictured below) has been listed for sale with a price guide of $675,000.
It comes with four bedrooms, open plan dining and living area, enclosed sunroom, study or office and outdoor entertaining area. 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/6/29/urangan.jpg" alt="">
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Hervey Bay renovation activities slow down: HTW residential 

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The main economic impact in the next three to six months for the Fraser Coast region will be the flow on effects from the Coronavirus to business and society, according to a recent Herron Todd White (HTW) residential report. 
The current COVID-19 epidemic is going to have a negative impact on key drivers, so it will be interesting to see what impact this may have on the property market in the short to medium term, the valuation firm said.
"Confidence is likely to be subdued for both owner-occupiers and investors in residential property with the public expected to be cautious and perhaps just wait out the situation until the worst has passed," the valuation firm said. 
The report suggests values are likely to flatten as demand reduces with selling periods extending up to six months.
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Properties available for rent are very scarce in Hervey Bay at present, with one agent reporting that their business has been reduced to only one listing for a single residential dwelling and three units.
"Due to the shortage, higher rents can be achieved with this trend set to continue in the short term," the valuation rim said. 
A two bedroom unit in Scarness has been listed for rent with a price of $350 a week. 
The <a href="https://www.realestate.com.au/property-unit-qld-scarness-429252586" target="_blank">3/324 Esplanade </a>unit (pictured below) is positioned on Scarness Beach and surrounded by sidewalk cafes and bars. 
It features open plan living/dining, two bathrooms and secure parking. 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/5/18/scarness%202.jpg" alt="">
Given that the property market is in uncharted territory with regard to the impact of the Coronavirus, it is unknown at this point the extent of possible high unemployment from the potential closures of small businesses and negative effects from minimal tourism.
The increase in medical related employment over the past five years for the region will be of benefit for property owners with more reliable employment in this sector and high demand for medical services.
A four bedroom house in Urraween has recently been sold for $480,000.
The <a href="https://www.realestate.com.au/sold/property-house-qld-urraween-132837886" target="_blank">4 Songbird Place</a> home (pictured below) is situated close to hospitals, shopping centres and schools. 
It features open plan kitchen and dining area, media room, and air conditioned living room.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/5/18/urraween.jpg" alt="">
An increase in consumers seeking options with mortgage brokers and banks for existing finance is expected with uncertain times ahead.
Prior to the arrival of the Coronavirus crisis, the Fraser Coast was looking to benefit from the projects due to get started from the Hinkler Regional Deal worth $260 million, the report noted. 
 The deal was made between the federal government and local councils with projects that include $40 million for the CBD redevelopment, $24 million to flood-proof roads, $9.2 million for the redevelopment of the Hervey Bay Airport, $7.7 million for the Boundary Road extension and $7 million to establish a new hospice in Hervey Bay. 
"Going forward, it is hoped that these projects will still commence this year pending the current international developments," the valuation firm said.
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<div>Note regards COVID-19</div>
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This edition of Month In Review had its topic defined in late February with submissions from our offices collated through to late March. During this period, shifts in the social and economic landscape due to COVID-19 became increasingly dramatic, as demonstrated by the varied information provided by offices over the course of three weeks. 
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<div>This month’s residential theme on baseline property market drivers remains a common thread, and provides an indication of what influences to monitor as the property sector recovers post-crisis.</div>
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Hervey Bay property values expected to flatten during coronavirus pandemic: HTW residential 

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Hervey Bay has been experiencing steady rental levels over the past 12 months after a period of growth for the 12 months prior, according to a recent Herron Todd White (HTW) residential report. 
The valuation firm took at look at rental yields across the nation. 
The report notes the vacancy rate has been sub- 2% for an extended period now and rental pressure has seen rental rates improve across most asset classes.
According to the REIQ’s Monthly Monitor, median weekly rents rose across a number of dwelling types according to the annual measure. 
Three- bedroom houses recorded a median weekly rent of $310 (up $10), two-bedroom units had a median of $263 (up $13) and three-bedroom townhouses came in at $330 (up $2).
"House yields held relatively steady at 5.1% this quarter, up 0.2% from the previous quarter. Unit yields rose by 0.7 percentage points over the December quarter 2018," the valuation firm said. 
 Units are achieving an overall median rent of $263 per week compared to the September 2018 quarter result of $255 per week.
The Monitor suggests that the rental market may continue to fluctuate seasonally, but gently rising median rents indicate the sector is generally firming.
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Most dwellings with three to four bedrooms can achieve $340 per week at a minimum with gross yields typically above 5% per annum. 
"Duplexes or blocks of flats can generally achieve a higher return than a standard dwelling, however buyers beware that any capital works required will cut into your net return.
"Single units typically realise a lower gross yield due to additional body corporate costs," the valuation firm said. 
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Hervey Bay rental levels stabilise: HTW residential 

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The Fraser Coast population continues to increase at a slow, steady pace with the years between 2015 and 2018 fluctuating at between 1.16% and 2.03%, according to the latest Herron Todd White (HTW) residential report. 
The report notes growth projections for the Fraser Coast population have been forecast to increase from 108,543 in 2019 to 147,099 in 2036, equating to an overall 35.52% rise and an additional 22,800 dwellings.
"Recent migration trends have been led by retirees, as well as families of both young and older parents," the valuation firm said. 
These new residents have largely migrated from other south-east Queensland municipalities, including Gympie and South Burnett areas.
"Affordability is seen as a major driver for population growth with particular focus on the coastal lifestyle," the valuation firm added. 
"There is also demand for dual occupancy properties for older parents or young adults residing with combined incomes that improves affordability for housing."
The Fraser Coast Regional Council considers the area to have a large supply of future residential land with targeted areas such as Hervey Bay – South West and the Nikenbah-Dundowran Future Growth Area, located on the fringes.
A three bedroom house in Nikenbah has recently been sold for $325,000.
The home at<a href="https://www.realestate.com.au/sold/property-house-qld-nikenbah-131719222" target="_blank"> 57 Samarai Drive</a> (pictured below) comprises three bedrooms, separate living room, open plan living/kitchen/dining area, and garden. 
It's located close to schools, hospital and Stockland shopping centre. 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/9/26/nikenbah.jpg" alt="">
Burrum Heads, Toogoom, Craignish and Dundowran Beach have also been identified.
A two bedroom duplex at <a href="https://www.realestate.com.au/property-duplex+semi-detached-qld-burrum+heads-131866478" target="_blank">2/10 Bentwood Street, Burrum Heads</a> (pictured below) is on the market with a price guide of $289,000.
Located just two streets back from the beach, the home comes with two bedrooms, kitchen with stone bench tops, and attached garage. 
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Closer to Maryborough, modest growth is expected for the western and southern hinterland for rural residential estates and areas near the Bruce Highway, the HTW report noted. 
<a href="https://www.propertyobserver.com.au/images/2019/9/26/population%20growth.jpg" target="_blank">Click here</a> to enlarge: 
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Hervey Bay's affordability and coastal lifestyle drive population growth: HTW residential 

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The Hervey Bay market is still improving with continued activity across most asset classes, according to a recent Herron Todd White (HTW) residential report. 
The report notes that house and land packages in the estates generally priced below $450,000 are appealing to a mix of owner-occupiers and investors.
The relativity of prices within some estates is becoming a concern with a broad range of cost for a similar product.
Vacant land prices appear to have improved, especially along the Esplanade with a number of sales now over $500,000 for quarter acre lots with views.
The rental vacancy rate remains tight which is appealing to investors in the mid-range asset class. Gross returns in the order of 5% are achievable.
"Dundowran Beach and Craignish continue to be the most active for property priced above $700,000," the valuation firm said. 
"These areas appeal to buyers due to the larger lots, good size homes and generally extensive ancillary improvements."
Since November 2018, there have been seven sales of property over $700,000 in these areas.
A four bedroom architecturally designed house in Dundowran Beach has recently been sold for $802,000.
Set on a 2,802 square metre level corner block, the house at <a href="https://www.realestate.com.au/sold/property-house-qld-dundowran+beach-129004990" target="_blank">4 Nautilus Court </a>(pictured below) comprises four large bedrooms with pool views, parents retreat or media room, large family kitchen, open plan living area and four bays sheds.
The home is just across the road from the Dundowran Beach. 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/7/2/dundowran%20beach%201.jpg" alt="">
"There have also been two sales at $1.1 million and $1.2 million along the Esplanade following three earlier sales from January 2018 including a penthouse unit for $1.29 million.
"These sales are encouraging for the area, indicating that buyers are willing to spend the money if property is priced right, no matter what the price level. Looking forward to the next six months and hopefully continued growth in all asset classes," HTW said. 
The Treehouse (pictured below), a Dundowran Beach five bedroom house on four acres is currently on the market with over $1.2 million hopes. 
Located at<a href="https://www.realestate.com.au/property-house-qld-dundowran+beach-128011618" target="_blank"> 43 Sempfs Road</a>, it comes with open plan living area, entertaining deck with outdoor kitchen, four bedrooms, large study or fifth bedrooms, and indoor swimming pool.
It's less than 1 kilometres away from the golden sands of Dundowran Beach and 15 minutes drive from the amenities and facilities of Hervey Bay. 
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Hervey Bay market continues to improve: HTW residential 

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A consortium of Queensland-based caravan operators has purchased a Coconut Grove, a Hervey Bay caravan park for $1.7M.
Situated at <a id="LPlnk448609" href="http://ecomms.raywhite.com/collect/click.aspx?u=jRYOrR8N39R+6hBQZ7yXMt0Z3VIjNMZGG0PvjSKt1HaLT2OpcdifYCcFNgBkWSIR&amp;rh=ff0046acf37dea1a46aeb74b69489dce64805f12" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">1-9 McLiver Street, Kawungan, Hervey Bay</a>, it is in the south-eastern corner of McLiver Street and Main Street.   The 1.9 hectare property was marketed and sold by Ray White Hervey Bay Principal Glenn Fallon.
Coconut Grove is comprised of 93 powered sites, most of which are vacant or occupied under various agreements for long-term residents. 
<img src="https://www.urban.com.au/images/2019/2/6/Coconut%20Grove%202.JPG" alt="">   Mr Fallon said there was strong interest from across the country with enquiry numbers well in to double figures.   He said, “there were six registered bidders on the day, with the starting bid at $1M, before climbing to its final selling price of $1.7M. There was a total of five bids during the auction."
“The Fraser Coast is a vibrant coastal area and is recognised as having the fastest growth rate on the eastern seaboard."   “Hervey Bay is the gateway to heritage-listed Fraser Island and Great Sandy Straits and boasts some of the best fishing, calm water boating and water sport activities in Australia."   “The climate in Hervey Bay is acknowledged by most southern investors as being one of the most liveable in Australia,” he concluded
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Kawungan caravan park Coconut Grove sold for $1.7 million

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Hervey Bay has traditionally been an owner-occupied market generally due to its beachside location and affordability, according to the valuation firm, Herron Toddy White.
The boom period of 2006 to 2008 saw investors take advantage of cheap property compared to their local southern markets however some of these initial investors are now local residents.
"There are many different housing options for home owners including villas, townhouses and units close to the foreshore, existing detached housing or vacant land with a view to building their new home," HTW's recent report noted.
Land generally starts from around $150,000, established older housing ranges from $250,000 to $450,000 up to esplanade and beach front property in excess of $750,000.
A three-bedroom house at <a href="https://www.realestate.com.au/sold/property-house-qld-torquay-126626730" target="_blank">43 Ann Street, Torquay</a> (picture above) has recently sold for $265,000, comfortably in the price range that HTW highlights. And it is close to the beach as well.
A three-bedroom house at <a href="https://www.realestate.com.au/sold/property-house-qld-urangan-126827282" target="_blank">53 Hansen Street, Urangan</a> has sold for $270,000. It is close to the beach as well. 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/11/22/HerveyBay2.jpg" alt="">
New turn key house and land packages generally offering 4-bedroom, 2-bathroom accommodation with a double garage ranges from $375,000 to $500,000 depending on the estate.
Land sizes also vary considerably from the older, traditional 800 square metre to quarter acre block down to 400 square metres in some of the new estates.
Some acre or larger lots are still available however zoning changes have seen quite a lot of these larger blocks now being subdivided, HTW advised.
First home owners were active over the past two years however this now appears to have slowed as a consequence of local government incentives no longer being offered or offered at a reduced level.
Appetite for homes requiring renovation is improving with older beach shack property being prime targets due to location.
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The rental market has also been strong for a number of years now with a 4-bedroom home receiving $360 to $400 per week.
"This return has maintained an investor presence in our market.
"Most investor activity is, however, in the new estates which also has tax benefits for new homes."
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Hervey Bay sees decline in first home buyer activity

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House and land packages are attracting investors in Hervey Bay, according to Herron Todd White’s latest August report.
The property investment firm says that lot sizes are steadily decreasing as higher density living rises.
“Investors are typically attracted to standard house and land packages which start at an affordable $330,000 for a basic 4-bedroom, 2-bathroom home with double garage.
“Lot sizes have been steadily reducing over the past five years as Council looks to promote higher density living particularly within the newly established estates located in the fringe areas of Hervey Bay.
“Over the past few years we have seen many duplex style dwellings constructed, with the floor plan providing 3-bedroom, 2-bathroom accommodation (with single garage) on one side, with an attached 2-bedroom, 1-bathroom flat (with single garage).
“These have been very popular with investors with most yielding 6% to 7% gross return, along with attractive tax depreciation benefits.
“This type of property is currently being marketed to interstate investors and we are yet to see a resale of this type of duplex.
“Investors who choose to purchase on the Fraser Coast have a very wide range of property to choose from, with new estates offering a range of turn-key quality inclusions to attract buyers,” the report stated.
A 2360 sqm lot allotment at <a href="https://www.realestate.com.au/property-residential+land-qld-craignish-2499635" target="_blank">38/5 Glen Laton Court</a>, Craignish (above) has been listed for $330,000.
A riverfront 1055 sqm lot allotment at <a href="https://www.realestate.com.au/property-residential+land-qld-burrum+heads-2592706" target="_blank">70 Traviston Way</a>, Burrum Heads (below) has been listed for $350,000.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/08/04/70%20Traviston%20Way.jpg" alt="">
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Land lots attracting Hervey Bay investors: HTW

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A $500,000 outlay can buy a wide variety of properties in Hervey Bay, according to Herron Todd White’s latest report.
The property advisory firm says that Fraser Coast is the best performing area.
“A lazy half million in Hervey Bay can buy a wide variety of property depending on the location, size of the site and improvements.
“Property along the waterfront Esplanade has been selling in this price range, with most dwellings being older circa 1950s basic dwellings in need of complete refurbishment.
“There are also modern homes only one street from the Esplanade which sell in this price range, within a developing estate known as Ocean Blue in Pialba.
“Best performing property for the Fraser Coast in terms of potential capital growth for the short to medium term is considered to be within Dundowran Beach and entry levels homes along the Esplanade.
“Executive homes on larger lot sizes between 2,000 and 4,000 square metres are generally available in Wondunna, Urangan and Urraween above $450,000.
“Improvements mostly include 4- to 5-bedroom homes built within the past ten years, with a pool, granny flat or shed,” the report stated.
A four bedroom 2006 sqm house at <a href="https://www.realestate.com.au/property-house-qld-wondunna-125890858" target="_blank">8 Kingston Close</a>, Wondunna (above) has been listed from $500,000.
Rural residential properties appeals to certain sectors of the market Herron Todd White advises.
“Rural residential property on lot sizes between two and four hectares close to Hervey Bay appeals to a certain market sector seeking space for horses and other livestock.
“In most instances there are no reticulated water or sewage services which can be a deterrent.
“Hervey Bay Esplanade unit prices are considered to be very reasonable overall, after a long steady recline over the past seven to eight years.
“In the current market $500,000 is likely to buy an upper level 2- to 3-bedroom modern unit with good ocean views in a circa 2005 to 2008 complex with extensive common improvements.
“You can expect to achieve high value for money in Maryborough, with property over $400,000 generally being renovated Queenslanders which have been finished to a high standard.
“There are also some well appointed homes on larger sites in the fringe suburb of Tinana.
A renovated three bedroom house at <a href="https://www.realestate.com.au/property-acreage+semi+rural-qld-maryborough+west-123392550">56 Dunford Road East</a>, Maryborough West (below) has been listed for over $499,000.
<img src="https://www.urban.com.au/images/2017/07/25/56%20Dunford%20Road%20East.png" alt="">
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What $500,000 secures in Hervey Bay: HTW

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Strong buyer demand for Villa World’s Augustus project at Hervey Bay has pushed the masterplanned residential development past the half-way mark.
The 763-lot project has clocked more than 400 sales since its launch, driven sharply in recent months by a strong cohort of first-home buyers and retirees.
The latest sales run came ahead of the March 31 expiry of the $12,000 Hervey Bay Housing Affordability Grant, which has been complemented by the state government’s boosted first home owner’s grant of $20,000.
Villa World development manager Gary Hunter said the project has attracted consistent buyer interest over many years.
However the combination of the two government grants has generated an influx of buyers for the project.
“In recent months, we’ve seen record sales figures at Augustus from first-home buyers and retires alike,” Hunter said.
“Villa World has a great reputation in providing an affordable, quality product to market. The grant was just the icing on the cake.”
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/04/18/AUG1609%20Lots225-228%201578_RT%20Trees.jpg" alt="">
The latest sales have led first-home buyers to account for 70% of sales at Augustus, with 20% to retirees and only 10% to investors.
Sales have almost doubled in recent months with 33 contracts secured in the March quarter of 2017.
Augustus property consultant Ric King said sales momentum and figures have reflected the success of the government grants.
“Augustus has seen a clear upsurge in first-home buyers and retirees lapping up the savings from the two government grants,” King said.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/04/18/AUG1609%20Lots231-233%201530_RT.jpg" alt="">
It is just 4 kilometres from the Hervey Bay Esplanade and 13 kilometres from the airport.
The contemporary residences feature an extensive range of quality inclusions including stone kitchen bench tops, stainless steel appliances and they are NBN ready.
New homes are now selling from $337,000.
Villa World, an ASX-listed developer, is one of Australia’s largest housing providers with more than 40,000 people calling a Villa World address home.
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