Colliers International is pleased to present a prime development land parcel in the heart of Hervey Bay to the market for sale via Expressions of Interest. The property occupies a premium elevated position on the immediate fringe of the urban centre of this thriving community. With scope to be developed for a range of residential/ retirement living uses this property appeals to a wide range of developers and investors looking to take advantage of the strong local housing market.
The property is offered For Sale via expressions of Interest closing Thursday 11 March 2021 at 4pm (AEST).
Key features include:
7.856ha* elevated land parcels
Located close to the Stockland Shopping Centre and other important lifestyle facilities
Easy access to the mobility corridor
Adjacent to Ozcare aged care facility
Development approvals in place that allow for a range of viable uses including retirement living
Development plan for MHE development available
Elevated position in a quiet but central location
Major road works and services connections in place
Connected to the Hervey Bay CBD by a major distributor road (Main Street)
$2,600,000 of Infrastructure Charges credits imbedded in the site
Due diligence material available upon request.
For more information on this development opportunity, contact the exclusive marketing agents today.
*Approx figure
The size of Kawungan is approximately 5.7 square kilometres. There are 6 parks, covering nearly 3.3% of the total area. The population of Kawungan in 2016 was 4816 people. By 2021 the population was 5460 showing a population growth of 13.4% in the area during that time. The predominant age group in Kawungan is 60-69 years. Households in Kawungan are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Kawungan work in a community and personal service occupation.In 2021, 71.00% of the homes in Kawungan were owner-occupied compared with 69.20% in 2016.
Kawungan has 2,809 properties. Over the last 5 years, Houses in Kawungan have seen a 71.02% increase in median value, while Units have seen a 92.46% increase. As at 31 August 2026:
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