The Hamilton Island Property Market
The local property market has been steady for the past two years with stable prices and a healthy increase in sales volumes.
There have been encouraging signs of growth, with average sales prices for 2014 and 2015 revealing a 26 percent increase on averages for the previous two years and a sign that there is still great value to be had in the market. Property ownership on the Island offers standout value for investors and provides excellent returns from holiday letting, as well as capital growth.
The majority of property buyers are typically from the eastern seaboard and are lifestyle-driven when choosing Hamilton Island as their investment destination. The Island's unique lifestyle offering and world-class facilities continues to be one of the driving forces behind investors' decisions to purchase their very own slice of paradise.
Off the back of Hidden Cove's success, which witnessed a 20 percent increase in sales prices over a short period of time, our view is that this buyer confidence will flow into the 2015-16 financial year with positive results and a return to an upward trend in real estate values is already apparent.
As new developments, such as Hidden Cove, are completed with positive sales results, we are witnessing a knock-on effect on average sales prices across the Island, which in turn increases consumer confidence and further demand.
The Yacht Club Villas have been the biggest real estate success of the 2014-15 financial year, with eight properties sold and capital gains of 15 percent experienced by owners
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