Suburb Profile Report for Victoria Point QLD (4165)

Victoria Point House: Median price $520,000, Annual capital growth 2.89%, Number of sales 275, Weekly median advertised rent $460

Victoria Point Unit: Median price $355,000, Annual capital growth 2.75%, Number of sales 40, Weekly median advertised rent $395

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

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%

HOUSE UNIT
$520,000 $355,000
0.00% -3.79%
2.97% 2.90%
2.89% 2.75%
$460 $395
275 40
4.60% 5.79%
65.46 69.07

Source: CoreLogic

DSR Score for property investment : Good (U), Above average (H)
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Demographics
Total population 14816
Median household income ($/weekly) 1234
Median age of persons 41
Median housing loan repayment ($/monthly) 1950
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 2079 14.0
    35-44 years 1921 13.0
    45-54 years 2054 13.9
    55-64 years 1623 11.0
    65-74 years 1366 9.2
    Others 5774 39.0
    Age Group
    Census Count Percent(%)
    Registered Married 6092 56.0
    Not Married 3895 35.8
    Defacto Relationship 892 8.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 11082 77.4
    Papua New Guinea 779 5.4
    South Africa 185 1.3
    United Kingdom 1373 9.6
    Other 318 2.2
    Others 588 4.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 76 0.6
    Christianity 10683 77.4
    Hinduism 27 0.2
    Other Religious Groups 59 0.4
    No Religion 2933 21.2
    Others 29 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 598 12.7
    $600-$799 481 10.2
    $800-$999 416 8.9
    $1,500-$1,999 641 13.7
    $2,000-$2,499 538 11.5
    Others 2021 43.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 4447 38.7
    Employed, worked full-time 4098 35.6
    Employed, worked part-time 2141 18.6
    Unemployed, looking for work 428 3.7
    Employed, away from work 390 3.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 755 11.4
    Professionals 902 13.6
    Technicians & trades workers 1193 18.0
    Clerical & administrative workers 1137 17.2
    Sales 735 11.1
    Others 1905 28.7
    Occupation
    Census Count Percent(%)
    Pre-school 179 5.4
    Infants/Primary 1384 41.8
    Secondary 1019 30.8
    Technical or Further Educational Institution 266 8.0
    University or other Tertiary Institutions 377 11.4
    Others 87 2.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 12710 91.0
    Semi-detached, row or terrace house, townhouse 1171 8.4
    Flat, unit or apartment 75 0.5
    House or flat attached to a shop, office 10 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1826 35.6
    Fully owned 1780 34.7
    Rented 1309 25.5
    Other tenure type 220 4.3
    Tenure Type
Census 2011, ABS
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Recent sales & rentals