River Heads suburb profile
River Heads is a tranquil coastal suburb located at the mouth of the Mary River in Queensland, offering stunning views of Fraser Island and the Great Sandy Strait. Known for its serene environment and natural beauty, River Heads is a gateway to Fraser Island, with regular ferry services available for visitors. The suburb is popular among nature enthusiasts and those seeking a peaceful lifestyle, with opportunities for fishing, boating, and wildlife spotting. Its close-knit community and proximity to Hervey Bay provide residents with essential amenities while maintaining a relaxed, rural atmosphere. River Heads is an ideal spot for those looking to enjoy the best of coastal living.
River Heads property market performance
River Heads has experienced a robust property market over the past 12 months, with house values increasing by 17.6%. The current median house price stands at $655,000, reflecting strong demand in the area. However, there is no data available for units, indicating a lack of unit sales activity.
In terms of sales activity, 27 houses have been sold over the last 12 months, with properties spending a median of 96 days on the market. This suggests that while demand is present, buyers are taking their time to make purchasing decisions.
The rental market for houses in River Heads has also seen significant growth, with average rent increasing by 10.9% over the last 12 months to $588. This indicates a strong rental demand, although no data is available for units.
Houses | Units | |
---|---|---|
Median price Past 3 months | $655K | N/A |
Change in value Past 12 months | 17.6% | N/A |
Sold Past 3 months | 27 | N/A |
Median days on market Past 12 months | 96 | N/A |
Average rent Past 12 months | $588 | N/A |
Change in rent Past 12 months | 10.9% | N/A |
5 year median price trend for houses and units
River Heads demographics
River Heads, located in Queensland, is a serene coastal suburb known for its picturesque views and tranquil lifestyle. With a population of 2,044, it offers a peaceful retreat from the hustle and bustle of city life. The median age of 54 indicates a mature community, often attracting retirees and those seeking a quieter environment. The suburb's proximity to Fraser Island and the Great Sandy Strait makes it a popular spot for nature lovers and those who enjoy outdoor activities such as fishing and boating.
The housing landscape in River Heads is characterized by a high rate of home ownership, with 47.8% of properties owned outright and 35.7% owned with a mortgage. This reflects a stable community with long-term residents who value the security and investment of home ownership. The rental market is relatively small, with only 16.5% of properties being rented, which may appeal to those looking for a more settled and community-focused environment.
Family structures in River Heads are predominantly couple families without children, making up 61.4% of the households. This is indicative of the suburb's appeal to empty nesters and retirees. Couple families with children account for 25.6%, while one-parent families make up 13.0% of the community. The absence of other family types highlights the traditional family structures prevalent in the area. Overall, River Heads offers a relaxed lifestyle with a strong sense of community, ideal for those seeking a peaceful coastal living experience.
River Heads infrastructure, key developments and investment opportunities
River Heads is experiencing steady growth and development that may impact its property market. The suburb's population has increased significantly, rising from 1,539 in 2016 to 2,044 in 2021, indicating growing demand for housing in the area. River Heads' strategic location as a major departure point for Fraser Island continues to attract tourists and potential property investors, enhancing its appeal as a coastal destination.
The local real estate market shows positive trends, with the median house price reaching $750,500, representing a 13.79% increase over the past year and a 20.95% rise over two years. This price growth, combined with a low vacancy rate of 1.01%, suggests a strong and competitive property market. The suburb's proximity to Hervey Bay, stunning water views, and access to natural attractions like the Great Sandy Strait contribute to its desirability for both permanent residents and holiday-home buyers.
River Heads rental market trends
The rental market in River Heads has experienced growth, with house rents increasing by 10.9% over the past year to $588 per week. However, there is no data available for unit rents, indicating a potential lack of unit rental properties in the area. River Heads offers a unique opportunity for investors focusing on house rentals in a growing market.
Suburbs near River Heads
Some popular suburbs near River Heads include:
How does River Heads compare to nearby suburbs?
- Median house prices: River Heads’s median house price is 13.7% lower than Kawungan’s.
- House price growth: Over the past 12 months, house prices in River Heads have grown 6.4% higher than in Kawungan.
- Selling speed for houses: Properties in nearby Kawungan are selling 50.0% faster than in River Heads.