Victoria Point

POSTAL CODE: QLD, 4165

HOUSE

UNIT

A steady increase in median property prices over a five-year period in the suburb translates to a 30.94% capital gain.

It also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $1,047,500

The augmented property values in the suburb are trailing above the territorial average of 12.37% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $740.

Home owners selling their properties and realtors in VICTORIA POINT usually have to wait an average of 37.1 days days before their assets are lifted off the market.

The QLD suburb ranks 422nd on the list of best yielding suburbs for rental properties in QLD, posting a 3.67% return.

It also places places 562nd in Australia based on median property value growth during the quarter.

Property investors enjoyed capital gains of 20.97% over the last 12 months in VICTORIA POINT, translating to lower returns compared with its peers in QLD.

A survey of average capital gains or median home price increase in suburbs across the country shows that VICTORIA POINT, 4165 obtained a 8.33% growth over a ten-year period. It ranks 226th on our list of suburbs that property investors should look into.

VICTORIA POINT, 4165 has a capital gain of 20.97% for the past year, which is higher than average compared to its 104.08% growth within a five-year period.

With the median home price in VICTORIA POINT sitting at $750,000, and the average rent at $620, property owners could potentially earn a 4.3% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in VICTORIA POINT are low, as opposed to average gains per annum over the past five years.

VICTORIA POINT, 4165 in QLD belongs to the local government area of Redland.

Surburb overview

Victoria Point is a coastal suburb in Redland City, Queensland, Australia. It is approximately 36.7 kilometres southeast of Brisbane's central business district. As of the 2021 census, it had a population of 15,140 residents.

Victoria Point is known for its scenic waterfronts, numerous parks, and esplanades, making it a popular destination for outdoor activities such as strolling, swimming, cycling, and family barbecues. The suburb also features an open-planned precinct overlooking a lake created by Eprapah Creek, offering various dining options, retail therapy, and a local cinema.

The suburb boasts a large shopping centre, a public library, and a ferry service to Coochiemudlo Island. The Cleveland-Redland Bay Road traverses Victoria Point from north to south, passing between the Victoria Point Shopping Centre and the HomeCo Town Centre, providing residents with essential services and shopping options.

Victoria Point hosts the Eprapah, the Charles S. Snow Scout Environment Training Centre, a 39-hectare area of bushland dedicated to environmental education for members of the Scout and Guide movements. This area is a valuable ecological site within Redland City, offering diverse habitats along Eprapah Creek.

Residents describe Victoria Point as a well-balanced mix of bush and park areas, offering pathways, tables, and facilities overlooking the bay on three sides. The suburb is appreciated for its excellent public bus transport, shopping facilities, waterside parks, beaches, and fishing opportunities. However, some note the absence of a train line as a limitation.

Victoria Point's blend of natural beauty, recreational amenities, and community facilities makes it a desirable location for families and individuals seeking a balanced lifestyle within the Brisbane region.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,047,500	$750,000
Growth Report
Median Quarterly	2.7%	4.17%
Median 12 month	12.76%	20.97%
Median 3 years	30.94%	63.49%
Median 5 years	88.74%	104.08%
10 years average annual	7.81%	8.33%
Weekly media advert. rent	$740	$620
Time on Market	37.1 days	33.2 days
Gross Rental Yield Percent	3.67%	4.3%

Demographics (Median Values)*

Total Population 13753

Weekly Household Income 1059

Household Size 2.70

Average Age 40

Monthly Loan Repayment 1380

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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