WATCH: April 18, 2022 Whitsunday Weekly E-News

Hi Annette Neil from PRD Whitsunday

This week, I'm thrilled to say we've released our latest research report, which is our half-yearly update on what the market's doing.

Now we have a really good look at sales rentals and a future development for the area.

So this really segued well from what I spoke about last week, where we were named the number one region in our roaring regions report that's been put out.

Houses in quarter four 2021 up 19.5 per cent to a median price of 540 from the year before and units up 8.6 per cent to a median of 315 000.

The sales volumes increased 37 per cent for the year in houses and 67 per cent for units.

Some really promising signs there for strata properties that have been relatively dormant for a very long time

We've certainly seen massive volumes of units selling in the last 12 months.

Rental yields here in the Whitsundays are sitting at a really quite healthy 6 per cent rental yield and with a 0.5 per cent or lower vacancy rate.

It's an exciting spot for investors to look at. I know rental yields in capital cities have fallen to a lot less than six per cent, so we are still looking like a solid region for the investor.

If you are thinking about investing, give us a call and see what our team can do to help.