Investment Property at Pinnacle Hervey Bay
Pinnacle Hervey Bay is located in the Dundowran - Nikenbah Growth Area of Hervey Bay. The estate is strategically positioned on the borders of three emerging growth suburbs - Nikenbah, Wondunna and Kawungan. (source forecast.id.com.au) Rental Vacancy Rates for Hervey Bay were 0.6% as at June 2022 (source SQM research). Statistics for median price growth and rental performance (in the three suburbs surrounding Pinnacle) in the 12 months up until 1 August 2022 according to realestate.com.au:
Median Price Growth as at Aug 2022:
๏ Nikenbah 23.9% price growth.
๏ Kawungan 27.2% price growth.
๏ Wondunna 21.5% price growth.
Rental Market Performance as at Aug 2022:
๏ Nikenbah Rental yield: 5.2%
๏ Nikenbah 15.3% rental price growth over 12 months
๏ Kawungan Rental yield: 5.0%
๏ Kawungan 17.3% rental price growth over 12 months
๏ Wondunna Rental yield: 4.9%
๏ Wondunna 10.1% rental price growth over 12 months
The population forecast specifically for the Dundowran - Nikenbah Growth Area is 2,695, and this is forecast to grow to 7,487 by 2041. This represents a population increase of 177.85% 2022-41. (source forecast.id.com.au)