Hands up if you can’t believe it’s mid year already!!
Things have been heating up in the property market over the last few months, and there’s been some noticeable price increases across Hervey Bay. A flurry of interstate escapees are snapping up good deals as fast as they get listed for sale, and a surge of Ex-Pats and investors becoming owner occupiers have created a housing shortage in the region.
Available housing is sitting around 0.4%, so the Governments announcement to spend $1.9 billion over four years to increase social housing was welcomed; but won’t help the immediate need with many families still camping in friends backyards as they wait to find housing. This region needs more property investors!
Why invest in Hervey Bay? Here’s a few things that are happening which will boost the region.
Cr Seymour said Council was forecasting a total budget of $387 million in 2021/22 with $154 million for capital works projects to stimulate the local economy and provide resilient regional infrastructure. “As more people realise the Fraser Coast is one of the best places in the world to live, work and play, our region is experiencing a property and construction boom unlike anything that has been seen in decades,” he said.
Key highlights of Council’s 2021/22 capital works budget include:
* $48.8 million for roads, bridges and drainage;
* $37.1 million for water, waste and sewerage;
* $16 million for major projects such as the Hervey Bay city centre revitalization and the development of the Maryborough Moonaboola Industrial Estate;
* $7.9 million for parks, pools and playgrounds;
* $4.1 million for arts and cultural venues; and
* $3.6 million for footpaths and bikeways.
An upgrade on the sporting facilities is almost complete, and includes: 6 football fields, 8 netball courts, a soccer and netball clubhouse. Hervey Bay hosts many large sporting events every year and there is almost no accommodation available at these times.
The Fraser Coast Council announced the new Town Centre Master Plan, redesigning the beachside suburb of Pialba as the main shopping hub, restaurants, cafes and expanding accommodation. This will also include a new Council Administration Centre incorporating a Disaster Resilience Centre and a new Library incorporating Community Hub and a major road upgrade.
Work has started on an expansion of the Urangan Community Centre in the Hervey Bay Botanic Gardens to create a wellness and wellbeing hub. The project includes the construction of private and group meeting spaces, a kitchen upgrade, a community garden, an open-air counselling area, a community events and barbecue area, an outdoor therapy and yarning circle, gentle exercise space and additional car parking spaces.
Council recently announced a $500,000 COVID-19 Economic Stimulus package targeting small businesses with a wide range of programs designed to help businesses improve shopfronts, increase sales, reduce costs and share knowledge.
Commute time from the Sunshine Coast/Brisbane is going to be much faster with several town bypasses going ahead. The 1 billion dollar bypass around Gympie has already started and Fraser Coast Regional Council voted in favour of requesting a four-lane bypass around Maryborough and announced $183 million to expand the Tiaro bypass on the Bruce Highway to 4 lanes.