Point Vernon

POSTAL CODE: QLD, 4655

HOUSE

POINT VERNON, 4655 ranks 744th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 17.47% for property investors.

Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.

The suburb 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 $760,000.

The upward trend in home prices in POINT VERNON, 4655 averaged 10.34% per annum over a 3-year period.

Average weekly rents on listings have reached the $650 mark, reflecting a 4.45% increase in returns based on the current median price in POINT VERNON.

An average of 13.08 real estate transactions take place per month in POINT VERNON which translates to 157 per annum.

157 properties were sold in POINT VERNON in 2016, making it the 749th most active market in QLD based on total real estate transactions.

POINT VERNON, 4655 places 561st in Australia based on median property value growth during the quarter.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$760,000	N/A
Growth Report
Median Quarterly	2.7%	N/A
Median 12 month	17.47%	N/A
Median 3 years	31.03%	N/A
Median 5 years	114.08%	N/A
10 years average annual	10.08%	N/A
Weekly media advert. rent	$650	N/A
Time on Market	44.5 days	N/A
Gross Rental Yield Percent	4.45%	N/A

Demographics (Median Values)*

Total Population 5049

Weekly Household Income 673.5

Household Size 2.40

Average Age 45

Monthly Loan Repayment 1148

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

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