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.
The 2021/22 financial year saw 132 sales on island to the value of over $165,000,000. The past two years have seen significant increases in property values island wide. Some examples include:
- A 61% increase for the Hamilton Island Yacht Club Villas located in the back row
- A 33% increase for the Hamilton Island Yacht Club Villas located in the front row
- An 18% increase for The Edge on Hamilton Island
Over the past 12 months, we have observed a substantial gain in holiday home rental returns. In some casesthis increase is up to 2.5%.
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.
A common trend noticed within the industry is that people are investing heavily in Queensland, now that the Sydney and Melbourne markets have softened.
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.