Suburb Profile Report for Point Vernon QLD (4655)

Point Vernon House: Median price $320,000, Annual capital growth 0.46%, Number of sales 142, Weekly median advertised rent $350

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

Source: Monthly data update for Oct 2019 as supplied by CoreLogic. Data is reported to the period ending Jul 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report

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%

Metrics i HOUSE UNIT
$320,000 N/A
-2.74% N/A
-1.99% N/A
0.46% N/A
$350 N/A
142 N/A
5.69% N/A
84.8376068376068 N/A

Source: Monthly data update for Oct 2019 as supplied by CoreLogic. Data is reported to the period ending Jul 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Balanced (U)
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Demographics
Total population 5691
Median household income ($/weekly) 773
Median age of persons 45
Median housing loan repayment ($/monthly) 1517
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 771 13.5
    35-44 years 633 11.1
    45-54 years 684 12.0
    55-64 years 823 14.5
    65-74 years 794 14.0
    Others 1986 34.9
    Age Group
    Census Count Percent(%)
    Registered Married 2133 53.0
    Not Married 1471 36.5
    Defacto Relationship 422 10.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 4484 82.9
    Greece 55 1.0
    Papua New Guinea 182 3.4
    United Kingdom 409 7.6
    Other 95 1.8
    Others 187 3.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 32 0.6
    Christianity 3753 73.2
    Islam 11 0.2
    Other Religious Groups 31 0.6
    No Religion 1284 25.1
    Others 13 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 184 9.6
    $400-$599 383 19.9
    $600-$799 299 15.6
    $800-$999 238 12.4
    $1,500-$1,999 179 9.3
    Others 639 33.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2383 54.8
    Employed, worked full-time 925 21.3
    Employed, worked part-time 673 15.5
    Unemployed, looking for work 238 5.5
    Employed, away from work 129 3.0
    Person Characteristics
  • Census Count Percent(%)
    Professionals 316 18.3
    Technicians & trades workers 244 14.1
    Community & personal service workers 273 15.8
    Clerical & administrative workers 231 13.4
    Sales 199 11.5
    Others 466 27.0
    Occupation
    Census Count Percent(%)
    Pre-school 77 6.7
    Infants/Primary 503 43.9
    Secondary 315 27.5
    Technical or Further Educational Institution 89 7.8
    University or other Tertiary Institutions 113 9.9
    Others 49 4.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5037 96.1
    Semi-detached, row or terrace house, townhouse 72 1.4
    Flat, unit or apartment 70 1.3
    Caravan, cabin, houseboat 49 0.9
    House or flat attached to a shop, office 12 0.2
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 885 41.7
    Rented 697 32.8
    Being purchased 532 25.0
    Other tenure type 10 0.5
    Tenure Type
Census 2011, ABS
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