Point Vernon has had a quite poor year for property investment returns compared to the rest of QLD, giving investors a capital gain of -1.99% to date .
Over the longer term, Point Vernon has seen property prices show investors a 4.92% return over the last 3 years. This is worse than over the last 12 months
Property investors looking for a bargain in Point Vernon should be aiming for at least -5.82% off the asking price, which is the average vendor discount being achieved at the moment.
With the median price for a house in Point Vernon being $320000 and the advertised rent reaching $350 the gross rental yield for property investors calculates out to be 5.69%