Point Vernon

POSTAL CODE: QLD, 4655

HOUSE

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 $780,000.

The upward trend in home prices in POINT VERNON, 4655 averaged 11.88% per annum over a 3-year period.

Average weekly rents on listings have reached the $640 mark, reflecting a 4.27% increase in returns based on the current median price in POINT VERNON.

An average of 13.92 real estate transactions take place per month in POINT VERNON which translates to 167 per annum.

167 properties were sold in POINT VERNON in 2016, making it the 718th most active market in QLD based on total real estate transactions.

POINT VERNON, 4655 places 719th 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	$780,000	N/A
Growth Report
Median Quarterly	1.96%	N/A
Median 12 month	14.71%	N/A
Median 3 years	35.65%	N/A
Median 5 years	104.72%	N/A
10 years average annual	10.01%	N/A
Weekly media advert. rent	$640	N/A
Time on Market	43.2 days	N/A
Gross Rental Yield Percent	4.27%	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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