Phone Now 0412 277 804

Fraser Coast

Hervey Bay is a dynamic coastal city of around 60,000 residents situated approximately 300 kilometres north of Brisbane. It originally consisted of a number of coastal townships such as Pialba, Scarness, Torquay and Urangan, that existed along a 15 kilometre shoreline adjacent to Fraser Island. These settlements grew to merge into the single urban area officially known since September 1977 as Hervey Bay. The main urban area of Hervey Bay now stretches from Gatakers Bay in the north to River Heads in the south, and incorporates Point Vernon, Pialba, Scarness, Torquay and Urangan as suburbs. Hervey Bay is the gateway to the world heritage listed Fraser Island and has become a tourist and lifestyle destination in its own right.

Population

Hervey Bay had an official population of 60,746 as at 30 June 2008, an increase of 4.5% from its population of58,116 as at 30 June 2007. With a comparative population of 21,494 in 1986, Hervey Bay is one of the fastest growing cities in Australia. Figure 1 shows the population growth history of Hervey Bay in recent years. Population growth over the period has averaged 5.3% per annum which is well in excess of State and national averages. Even though population growth slowed significantly from 1997 to 2002, to average only 2.3% per annum during these years, it still remained higher than the corresponding State average during the period of 1.8% per annum.

Official State Government projections indicate that Hervey Bay’s population will reach approximately 105,800 residents in 2031, which if they eventuate, will represent a future growth rate averaging just 2.6% per annum, substantially lower than current growth rates.

Industries

Whilst tourism is very much the backbone of Hervey Bay's economy, industries catering to its high population growth, such as building and service industries, have also developed a major presence in the local industrial base. Other industries include sugarcane, horticulture, beef cattle and fishing. Hervey Bay leverages significantly from its location as the main access point to Fraser Island which lies immediately to its east. It is also individually recognised for Whale Watch activities that take place from the city in July through to early November.

During the twelve months to March 2009 the Fraser Coast region attracted a total of 1,032,000 overnight visitors, of whom about 80% were domestic visitors and 20% were international visitors. These visitors spent a total of4.35 million visitor nights in the region, indicating an average length of stay of 4.2 nights. The value of tourism spending in the Fraser Coast region during 2007 (inclusive of domestic day tripper spending) was in the order of $525 million per annum. Accommodation occupancy rates are not as seasonal as other Queensland tourist destinations, but nevertheless peak during the whale watching months of July to October.

Tourism development and employment opportunities in the region were given a major impetus during 2005 by a$13 million upgrade to Hervey Bay Airport to allow it to accommodate jet aircraft, which culminated in Virgin Blue and Jetstar commencing services into Hervey Bay Airport direct from Sydney. The two airlines increased both flight frequency and aircraft size, and provided together eleven direct flights from Sydney into Hervey Bay per week, with transfers from Melbourne, Adelaide and Perth. However due to the economic slowdown and lack of consumer spending Jetstar ceased flights on 30 July 2009 until further notice.

Qantas also provides up to 4flights per day to and from Brisbane. The flights have significantly extended the visitor base to the region, and are steadily expanding tourism development and employment opportunities.

Hervey Bay leverages significantly from its location as the main access point to Fraser Island

 

 


We purchased the manager rights and associated real estate of The Colonial Resort Noosa in September 2005. The agent we used for this purpose was Glenn Millar from Resort Brokers.
Glenn provided us with accurate and unbiased advice on all of the properties viewed; he was polite knowledgeable and helpful. His depth of industry experience meant he was able to accurately answer the multitude of questions we had regarding the properties we were interested in.
Glenn was involved in many aspects of the sale and handover process, he ensured that the many parties involved with the sale met their deadlines and made sure our purchase of the Colonial Resort a straightforward and hassle free process. Glenn conducted himself professionally at all time throughout the sale process and we would have no hesitation in recommending Glenn to any vendor or purchaser
Grant and Maree Bennie
Colonial Resort Noosa

We have purchased a number of management rights over the years, and on the last two occasions we have dealt with Mr. Glenn Millar of Resort Brokers.  We have found Glenn to be the best agent that we have dealt with in every way.  Glenn’s extensive knowledge of management rights and associated businesses gave us accurate, up to date information, as well as providing sound advice when required.  We highly recommend Glenn for anyone looking to buy or sell management rights, as we know they will receive personal, professional and accurate assistance, in a timely manner.
MARK & CHRISTINE MONTGOMERY - RESORT MANAGERS
The Rise Apartments – Verano and Saks on Hastings