If you compare the increase in value of investment property in Victoria Point, 4165 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this QLD suburb was 2.97%.
Over the longer term, Victoria Point has seen property prices show investors a 13.04% return over the last 3 years. This is worse than over the last 12 months
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Victoria Point, 4165. Typically our figures indicate that -4.70% is being offered, which puts this QLD suburb at 2791th most discounted overall in Australia.
Often selling an investment property can take time, and in Victoria Point the average time real estate has been on the market is 65.46 days.
Using the current median advertised rental of $460 and the average annual increase in value of a median property of 2.89%, investors should hope to achieve an overall return of 4.60%
With a capital gain of 2.90% for the last 12 months, Victoria Point, 4165 has performed for property investments than its average annual 2.75% property growth over the last 5 years.
Victoria Point,4165 has offered an average of 2.90% return per annum in house price rises to property investors over the last three years.
LACK OF BUYER INTEREST may well be the reason that Victoria Point is offering property investors an average of -6.14. This rate of discount on properties puts Suburb at number 230th in terms of most discounted suburbs in QLD
In the last year 40 properties changed hands in Victoria Point, which puts it as the 209th most active market in QLD when comparing the number of sales per suburb.
With the median price for a house in Victoria Point being $355000 and the advertised rent reaching $395 the gross rental yield for property investors calculates out to be 5.79%