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 $325,000.
The upward trend in home prices in POINT VERNON, 4655 averaged 3.39% per annum over a 3-year period.
Average weekly rents on listings have reached the $330 mark, reflecting a 5.28% increase in returns based on the current median price in POINT VERNON.
An average of 11.17 real estate transactions take place per month in POINT VERNON which translates to 134 per annum.
134 properties were sold in POINT VERNON in 2016, making it the 758th most active market in QLD based on total real estate transactions.
POINT VERNON, 4655 places 509th in Australia based on median property value growth during the quarter.
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