Market Insights
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 2017/18 Financial Year has seen average sale prices increase by 31% to $1,147868.69 (compared to Financial Year 2016/17). During this period, we have seen significant increases to specific properties including:
- A 19% increase for Hamilton Island Lodges (Hibiscus, Lagoon and Frangipani) over the past 12 months or 26% over the past 24 months
- A 7.5% increase for the Whitsunday apartments over the past 12 months or 27% over the past 24 months
- A 29% increase for the Baybreeze Apartments over the past 12 months after receiving a complete renovation
- A 17% increase for the Yacht Club Villas despite being closed for renovations over the past six months
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.
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.
Subscribe for the latest property updates