If you compare the increase in value of investment property in Victoria Point, 4165 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this QLD suburb was 2.31%.
Over the longer term, Victoria Point has seen property prices show investors a 1.14% return over the last 3 years. This is an improvement over the last 12 months
The most recent median price for Victoria Point is $531000, with sellers offering an average of -4.95% off the asking price.
Residents and property investors in Victoria Point have been waiting around 57.4128 days to sell a property.
Renters in Suburb are facing rents around $24440 per annum or $470 every week.
Victoria Point is in the bottom 20% in QLD when comparing median price capital growth over the last year. Victoria Point gave property investors a dismal capital gain figure when compared to the rest of the state, with -7.03%.
If we look at median property appreciation over just the last three months, Victoria Point has given property investors a paper return of 4.16%. This puts Suburb as 75 on a list of fastest fasting appreciating suburbs in QLD
In the last year 18 properties changed hands in Victoria Point, which puts it as the 264th most active market in QLD when comparing the number of sales per suburb.
With the median price for a house in Victoria Point being $344000 and the advertised rent reaching $400 the gross rental yield for property investors calculates out to be 6.05%