Suburb Profile Report for Victoria Point QLD (4165)

Victoria Point House: Median price $531,000, Annual capital growth 0.99%, Number of sales 220, Weekly median advertised rent $470

Victoria Point Unit: Median price $344,000, Annual capital growth -0.21%, Number of sales 18, Weekly median advertised rent $400

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

Source: Monthly data update for Jan 2021 as supplied by CoreLogic. Data is reported to the period ending Oct 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • 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 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%

Metrics i HOUSE UNIT
$531,000 $344,000
0.76% 4.16%
2.31% -7.03%
0.99% -0.21%
$470 $400
220 18
4.60% 6.05%
57.4127906976744 60.2

Source: Monthly data update for Jan 2021 as supplied by CoreLogic. Data is reported to the period ending Oct 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Above average (U)
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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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