Investment property in Victoria Point has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -2.83%
Over the longer term, Victoria Point has seen property prices show investors a -1.15% return over the last 3 years. This is worse than over the last 12 months
Vendor discounting in Victoria Point is giving property investors an average Vendor Discount of around -5.53%. This puts suburb at number 526th in QLD when ranking the most discounted suburbs.
A $470 per week rent on the median house gives suburb investors a gross yield of circa 4.75%, without taking into account capital value appreciation, which has been averaging out at 1.21%.
Property investors who have had real estate in Victoria Point, 4165 should be 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 -10.95%
Comparing Victoria Point,4165 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Property buyers and investors in Victoria Point 4165 should be seeing an average reduction in asking price of around -5.45% . This means that Victoria Point is holding prices well when compared to other suburbs in QLD.
With the median price for a house in Victoria Point being $329500 and the advertised rent reaching $405 the gross rental yield for property investors calculates out to be 6.39%