Bloom springs to life in Hervey Bay

A brand new $38 million housing estate in Hervey Bay is off to a flying start with $4 million of sales recorded at launch – despite the slowing housing market.

Victorian developer Resi Ventures launched the 168-lot “Bloom” last weekend on the Corner of Chapel & Madsen Rds, Nikenbah.

The initial off-market sales campaign has seen 16 lots sold to a range of local and interstate downsizers, retirees and young families.

Oliver Hume Marketing agent Nathan Tertis said the popularity of the estate was due to its prime location close to the town centre and 3 minutes from the medical precinct and 12 minutes from the airport.

“It is a popular housing region 10 minutes from everything in Hervey Bay and is even attracting attention from the Noosa region due to its affordability and its ease of access!

“Bloom is also very well priced in the local market and the large blocks are also very attractive,” he said.

Mr Tertis said with prices starting from an affordable $239,000 the estate is just 10 minutes from downtown Hervey Bay and its many lifestyle attractions.

“You can jump in your car and be in central Hervey Bay in a few minutes to have a meal, go shopping, launch your boat, fish or do some whale watching,” he said.

Resi Ventures has developed a number of successful housing estates in Melbourne and regional Victoria and Bloom is its first venture in the Queensland market.

Resi Ventures Director and Co-Founder, Mr Khurram Saeed said his company had undertaken a detailed study of how people live in the idyllic Hervey Bay region to ensure the blocks catered for the unique sub-tropical lifestyle just a few hours from Brisbane and on the doorstep to Fraser Island.

He said Hervey Bay was selected for development due to its lifestyle, rapid population growth and significant infrastructure investment.

“Bloom provides every resident of Bloom the chance to live in a tropical paradise in their dream home with room for a shed for boats and caravans and plenty of space for a pool,” he said.

Mr Saeed said construction would commence on the estate in early 2023 with titles expected late 2023 or early 2024.

“We are very pleased with the initial sales results in a tough market. Pricing and Bloom’s location, in such an iconic coastal region, have been major factors in its initial success,” Mr Saeed said.

Bloom is offering homeowners the chance to live a coastal lifestyle, with house and land packages from $563,356* The next land release is coming this December with blocks ranging in size from 752m2 – 944m2.

To enquire about purchasing in the upcoming release, contact Nathan Tertis from Oliver Hume Real Estate on 0417 892 132.

Resi Ventures is a leading residential land developer who specialises in partnering with landowners under a Land Development Agreement to transform greenfield land into thriving communities. Resi Ventures has offices in Melbourne and Southeast Queensland.

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