Property investors who have had real estate in Point Vernon, 4655 should be relatively unhappy with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -0.32%
Point Vernon,4655 was ranked 2397 in Australia by increase in median property value over the quarter.
Vendor discounting in Point Vernon is giving property investors an average Vendor Discount of around -5.22%. This puts suburb at number 566th in QLD when ranking the most discounted suburbs.
On average over the past year, suburb has had 11.17 sales per month, which equates to 134 per year.
A $322.5 per week rent on the median house gives suburb investors a gross yield of circa 5.43%, without taking into account capital value appreciation, which has been averaging out at 0.92%.