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Point VernonPoint Vernon - SUBURB PROFILE REPORT
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POINT VERNON, 4655 ranks 684th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 34.51% 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 $477,500.
The upward trend in home prices in POINT VERNON, 4655 averaged 14.9% per annum over a 3-year period.
Average weekly rents on listings have reached the $420 mark, reflecting a 4.57% increase in returns based on the current median price in POINT VERNON.
An average of 15.5 real estate transactions take place per month in POINT VERNON which translates to 186 per annum.
186 properties were sold in POINT VERNON in 2016, making it the 695th most active market in QLD based on total real estate transactions.
POINT VERNON, 4655 places 181st in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $477,500 | $299,000 |
| GROWTH REPORT | ||
| Median Quarterly | 9.52% | 1.36% |
| Median 12 month | 34.51% | N/A |
| Median 3 years | 44.7% | N/A |
| Median 5 years | 55.66% | N/A |
| 10 years average annual | 5.51% | N/A |
| Weekly media advert. rent | $420 | N/A |
| Time on Market | 27.8 days | 0.0 days |
| Gross Rental Yield Percent | 4.57% | N/A |
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