Why invest in the Whitsundays

Investment Whitsundays

The lifestyle benefits of the Whitsundays, represented by the Great Barrier Reef, the islands, beautiful beaches (including one of the world’s best), and natural environment, are well documented and have helped the region become the number one Great Barrier Reef destination.
But the underlying strength of tourism and the local economy, combined with the timing of the market, is what makes the Whitsunday region a hotspot for property investment.
Airlines have added more capacity (65,000 more seats with Jetstar and 110,000 more seats with Tiger) and visitors can fly direct to and from Brisbane, Sydney, and Melbourne.
The Whitsundays is also recognised as a home base and playground for hinterland miners where the resource sector is starting to re-energise.
Australia’s largest coal mine is starting construction in the Galilee Basin (south-west of Airlie Beach) this year and Collinsville mine (in the Whitsunday Regional Council area) is also reopening.
Meanwhile record coal exports through Abbot Point (12km north) and Hay Point (150km south) have helped put the national accounts back in order and put pay packets into the local area.
The all-important construction industry is also ramping up with key projects either under construction or about to start and the low vacancy rates are creating the demand needed for more accommodation projects to come online.
Activity in the property market picked up to a good pace in the second half of 2016, pushing the Whitsundays into a balanced market and ready for another major upswing (after nine years of weak prices).
Click here for more information and to see where the Whitsundays is currently placed on the Property Clock.

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