For investors looking to purchase a brand-new property in one of Queensland’s established coastal growth areas, this spacious four-bedroom home in Eli Waters offers an appealing combination of location, family-friendly design and extensive inclusions.
Currently under construction, the home is positioned on a generous 550m² allotment and offers approximately 178.95m² of living space.
The floor plan has been designed with family living in mind, with four bedrooms, two bathrooms, a double lock-up garage and multiple living areas.
A separate lounge at the front of the home provides valuable additional living space, while the central family and dining area creates a spacious everyday living zone.
The main bedroom includes a walk-in robe and private ensuite, while the additional bedrooms offer built-in wardrobes. The home also includes a central family bathroom, separate WC and practical laundry.
The kitchen is positioned at the heart of the home and includes cabinetry and benchtops, stainless steel sink, electric cooktop, oven, rangehood and dishwasher.
A covered patio extends the living space outdoors and the larger 550m² block provides room around the home that can be particularly appealing to families.
WHY INVEST IN HERVEY BAY?
Hervey Bay is the major regional centre of the Fraser Coast and is located approximately 250 kilometres north of Brisbane by road, around a 3½-hour drive. The Fraser Coast sits just north of the Sunshine Coast, providing investors with exposure to a major Queensland coastal region while remaining within reasonable travelling distance of South East Queensland.
The city has developed from a collection of seaside communities into a substantial regional centre, with an estimated population now exceeding 65,000 people. Council planning documents indicate continued population growth, with Hervey Bay projected to accommodate a significant share of future Fraser Coast growth and exceed 81,500 residents by 2046.
For property investors, continued population growth can be an important consideration because a larger population generally creates greater demand for housing, infrastructure, services and employment.
Hervey Bay is also supported by major industries including health and aged care, tourism, construction and other regional services. The broader Fraser Coast currently supports almost 50,000 workers, more than 7,000 local businesses and approximately 1.5 million visitors annually.
THE HERVEY BAY LIFESTYLE
One of Hervey Bay’s major attractions is its relaxed coastal lifestyle.
The city stretches along the protected waters of Hervey Bay and is known for its beaches, subtropical climate, boating, fishing and access to World Heritage-listed K’gari.
Its approximately 16-kilometre Esplanade provides beaches, parks, walking and cycling areas, dining and recreational facilities, while the sheltered waters make the area popular for swimming and boating.
Hervey Bay is also internationally recognised for whale watching and provides access to K’gari and the southern Great Barrier Reef.
These lifestyle qualities help make the area attractive not only to retirees and holidaymakers, but also to families and people relocating from larger metropolitan areas.
For investors, that broader lifestyle appeal can be important because it gives the area a diverse potential tenant and future-buyer market rather than relying on a single demographic.
DESIGNED TO APPEAL TO THE FAMILY RENTAL MARKET
This property has several features commonly sought by families looking for a modern rental home.
The four-bedroom layout provides flexibility for families of different sizes, while two separate living areas allow parents and children to enjoy their own spaces.
The double garage, covered patio and 550m² allotment add further practical appeal.
The main bedroom with ensuite and walk-in robe, built-in storage to the remaining bedrooms, air conditioning and multiple living areas also help make this a practical long-term family home.
EXTENSIVE INCLUSIONS
One of the advantages for an investor purchasing this property is the extensive level of inclusions.
The package includes:
- Four bedrooms with built-in wardrobes
- Main bedroom with walk-in robe and ensuite
- Separate lounge
- Open-plan family and dining area
- Covered patio
- Double lock-up garage with remote panel-lift door
- Mitsubishi reverse-cycle air conditioning to the lounge
- Mitsubishi split-system air conditioning to Bedroom 1
- Ceiling fans as shown on the plan
- Carpet to bedrooms, walk-in robe and lounge
- Vinyl plank flooring to entry, hall, dining, family and kitchen
- Tiles to wet areas
- Dishwasher
- Electric cooktop, oven and rangehood
- Energy-efficient LED lighting
- Safety screens
- NBN basic connection
- TV antenna and TV points
- Exposed aggregate driveway and front entry footpath
- Full turf
- Fully fenced yard with gates
- Clothesline with concrete pad
- Brick letterbox
- Hot water system
These inclusions can reduce the number of additional items an investor may otherwise need to organise before placing a newly completed property on the rental market.
BENEFITS OF BUYING A BRAND-NEW INVESTMENT PROPERTY
A newly constructed property may appeal to investors who prefer to begin ownership without the immediate maintenance and renovation requirements that can come with an older established home.
New fixtures, appliances, flooring, roofing, plumbing and electrical systems can also provide greater certainty about the condition of the property at the time of purchase.
For investors, depreciation allowances may also be available on eligible new buildings, fixtures and fittings. Buyers should obtain independent taxation advice regarding their individual circumstances.
POTENTIAL DEPRECIATION BENEFITS FOR INVESTORS
As a brand-new investment property, buyers may also be able to benefit from depreciation deductions on eligible construction costs, fixtures and fittings. A qualified quantity surveyor can prepare a tax depreciation schedule identifying the amounts that may be claimed over time, including eligible capital works deductions and depreciation on qualifying assets. For investors, this can be an important part of maximising the tax effectiveness of a new property. Buyers should obtain independent advice from a qualified quantity surveyor and tax professional based on their individual circumstances.
FIXED PRICE – ONE CONTRACT
This property is being offered for $785,000 as a fixed-price house and land package under one contract.
For an investor, this provides a straightforward purchase structure and greater clarity around the overall acquisition price compared with managing separate land and building contracts.
The extensive inclusions also provide greater certainty regarding what will be included in the completed property.
Price: $785,000
Location: Eli Waters, Hervey Bay
Land Size: 550m²
Home Size: 178.95m²
Bedrooms: 4
Bathrooms: 2
Garage: Double lock-up garage
Construction: 2026 – Under Construction
A COASTAL INVESTMENT OPPORTUNITY
With continued population growth, a relaxed coastal lifestyle and the services of a substantial regional city, Hervey Bay continues to attract new residents as well as visitors.
For investors looking beyond the higher-priced South East Queensland market, this brand-new four-bedroom home offers an opportunity to secure a sizeable family property on a 550m² block for $785,000.
With four bedrooms, two bathrooms, two living areas, a double garage, covered outdoor living and extensive inclusions, the property has been designed to suit the needs of modern family living.
If you have any questions or require further information such as current availability, plans and full inclusions, please contact Qld House & Land on 0431 806 200.
We look forward to serving you.
IMPORTANT INFORMATION
Images shown are indicative only and are not photographs of the actual home being constructed. Photography may show completed homes of a similar design and is provided as a guide only to the anticipated finished appearance. Inclusions may differ for each individual property.
The vendor reserves the right to change pricing and/or inclusions without notice. Buyers should confirm current pricing, specifications, inclusions and availability before proceeding.
