With its popularity as a tourist destination and growing community, there is a high demand for rental properties in the area. This presents an excellent opportunity for property investors seeking a potential source of rental income. Additionally, the city's relatively affordable real estate market compared to major cities in Australia makes it an attractive option for homebuyers looking to invest in properties with larger yards and spacious living spaces. Hervey Bay's robust rental market makes it a desirable location for both investors and individuals searching for rental properties.

In Hervey Bay, residents can take advantage of a range of modern healthcare facilities. This includes well-equipped hospitals, medical centers, and specialized healthcare services. These facilities are established with the primary aim of providing the residents with access to high-quality healthcare services.

K'Gari meaning "paradise" is the Butchulla peoples' traditional name for Fraser island.

Fraser Island, the largest sand island in the world and a UNESCO World Heritage site, is highly accessible from Hervey Bay. Located just off the coast, Hervey Bay serves as the main gateway to this mesmerizing natural wonder. With a short distance between the two locations, residents in Hervey Bay can conveniently embark on adventures to explore Fraser Island's unique landscapes, pristine freshwater lakes, and diverse wildlife. The accessibility of this paradise ensures that residents have the opportunity to easily immerse themselves in the beauty and wonders of Fraser Island.

Hervey Bay boasts a diverse economy that thrives due to the contributions from key sectors like tourism, agriculture, and retail. This diversification fosters a stable and growing economy, which in turn creates potential job opportunities for the residents of Hervey Bay.

In addition to its breathtaking beaches, Hervey Bay boasts a wide range of recreational activities for visitors to enjoy. Whether you're a fan of water sports or prefer land-based adventures, this coastal city has something for everyone. For those who love the ocean, sailing and kayaking are popular pastimes in Hervey Bay. Glide along the crystal-clear waters, soaking in the stunning coastal views while getting a healthy dose of fresh air and exercise. Whether you're an experienced sailor or a beginner eager to learn, there are plenty of opportunities to harness the wind and set sail in this idyllic location. If you prefer to stay on land, golf enthusiasts will be delighted with the golfing opportunities in Hervey Bay.

Immerse yourself in the lush green fairways and manicured greens of the city's golf courses while perfecting your swing. With the pleasant subtropical climate, golfing can be enjoyed year-round, making it an ideal activity for both locals and visitors alike. For those who appreciate the wonders of nature, Hervey Bay offers a plethora of nature walks to explore. Whether it's strolling along the picturesque coastlines, venturing into the surrounding national parks, or discovering the vibrant flora and fauna in nearby reserves, there is no shortage of breathtaking landscapes to discover.

Immerse yourself in the beauty of Hervey Bay's subtropical climate as you wander through nature's wonders. No matter your preferred recreational activity, Hervey Bay is a haven for outdoor enthusiasts. Whether you choose to sail on the shimmering waters, paddle through captivating bays, perfect your swing on the green, or discover the natural beauty of the area's trails, this vibrant city offers endless opportunities for recreational bliss. Embrace the year-round subtropical climate and immerse yourself in the diverse and exciting adventures that await you in Hervey Bay.

Hervey Bay is conveniently situated within a short driving distance from major cities such as Brisbane (3.5 hours) and the Sunshine Coast (2 hours). This close proximity allows residents to easily reach these larger metropolitan areas within just a few hours, while still being able to relish the tranquility of a coastal lifestyle in Hervey Bay.

A covenant is a document that binds the members of a particular group, such as a neighbourhood, to a certain standard of behaviour or to adhere to a certain set of guidelines and expectations.

What is a covenant?
A covenant is a document that is an agreement between a homeowner and the developer of a new land estate subdivision.  These rules set the standard for new homes in an estate. 

How do covenants affect a subdivision?
Covenants are agreements put in place by the developer who builds a subdivision. These agreements are meant to ensure that homes in the estate are built to a certain standard. Developers want a subdivision to be a place where people will want to live and feel comfortable. They will also put covenants in place to protect the value of an estate and improve street appeal.

How do covenants affect a neighbourhood?
A covenant is made by a developer in a new land estate subdivision and this is required to be followed by all of the homeowners. The covenant can be anything from the size and build of your home to layout of front yard and the type of trees or landscaping you can have. 

Conclusion.
Covenants are agreements between homeowners and developers that specify the rules and regulations that must be followed by the homeowners. The covenant is a document between the homeowner and the developer. 

Rental yield is important data to consider, as it indicates how much profit real estate investors will make on a property prior to investing.  Rental yield measures profit from a property each year as a percentage of it's value and it helps buyers evaluate income from different investments and compare properties.  A higher rental yield equates to greater cash flow. The two types of rental yield to consider are gross rental yield and net rental yield.  
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Gross yield is calculated through annual rental income and property value.
Net yield is calculated by including all expenses involved.

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) 

According to the ABS, SEQ is set to welcome an additional 1.5 Million residents between 2020 and 2041, taking the state up to 5.3 Million(1).  To accommodate the projected 75,000 new residents (every year for the next 20 years), the QLD Govt projects that 577 new new dwellings will be required (every single week for the next 20 years) to accomodate the QLD population explosion(1).  To support this boom, the QLD Govt has allocated $134 Billion in infrastructure projects, that are expected to support approx. 930,000 jobs up until 2031(3).  In the shorter term the 20/21 investment is projected to drive economic recovery and directly support 44,000 jobs(4).  In the months to June 2020, QLD recorded a 1.6% population growth rate, which was higher than the Australian average(2). 
Sources:
1.Infrastructure Australia and QLD Government SEQ Regional Growth Plan:
​https://dilgpprd.blob.core.windows.net/general/shapingseq.pdf
2.https://www.qgso.qld.gov.au/issues/3091/population-growth-qld-202006.pdf
3.https://en.wikipedia.org/wiki/South_East_Queensland_Infrastructure_Plan_and_Program
4.https://www.statedevelopment.qld.gov.au/industry/infrastructure/infrastructure-strategy