Get a property report and suburb profile for any property in Point Vernon

Point Vernon is a coastal suburb of Hervey Bay with low-rise residential streets that open onto parkland and walking tracks along the coastline.

The community is relatively older, with 48.7% of homes owned outright and household incomes below the Queensland median. Local life centres on small shopping strips, parks and playgrounds, and local buses and road links connect residents with Hervey Bay’s larger commercial and leisure precincts; the seaside setting encourages cycling, waterside recreation and regular use of reserve paths. The Hervey Bay Esplanade Masterplan, which the Fraser Coast Regional Council endorsed, guides foreshore upgrades including improved shared paths, expanded parkland and coastal protection.

On the figures, housing costs in Point Vernon sit high against what locals earned at the last Census. A typical local household earned about $1,077 a week at the most recent Census, and a house rent of $620 a week would take about 58% of that income while a unit rent of $490 a week would take about 46% of it, so renting would use a large share of a typical local household's weekly income.

Buying looks much more stretched against local incomes: a median house price of $805,000 is about 14.4 times a typical local annual household income on these figures. If you're renting rather than buying, the rent share is the immediate number that matters; the price multiple shows how buying compares to what a typical local household earned.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Over the past 12 months, Point Vernon's median house value rose 13.4% while house rents edged up 1.6%.

On houses, that means capital growth outpaced rental income by a wide margin.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.