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

Point Vernon is a coastal suburb of Hervey Bay with a relaxed, water-oriented feel. A long sandy foreshore and sheltered bay waters make swimming, walking and small-boat activities common pastimes. Tree-lined streets of predominantly low-set homes, beachfront units and newer houses give the area a quiet, coastal neighbourhood character with everyday convenience close to the water.

About 5,718 people live in Point Vernon and the median age is 52, reflecting its appeal to retirees as well as families. Most homes are owner-occupied — about three in four households (48.7% owned outright and 25.5% with a mortgage) and around 25.8% rented. Local facilities include parks, picnic spots, casual cafes, a public boat ramp and foreshore reserve, and the suburb is within easy reach of Urangan’s marina and wider Hervey Bay services. The area is also included in the Fraser Coast Regional Council’s Hervey Bay Esplanade Masterplan, with a preliminary concept published for the Point Vernon section. Whether that suits you depends on what you value in a suburb.

On the figures, housing in Point Vernon would take a large share of what a typical local household earned at the last Census. A house rent of $620 a week is about 57.5% of the median household weekly income of $1,077 at the last Census, and a unit rent of $550 a week is about 51.0% of that income. Buying sits even further from local earnings: a median house price of $780,000 is about 13.9 times a typical local annual household income at the last Census, which is well above local incomes. If you are renting rather than buying, the rent share is the most directly relevant figure; if buying, the price multiple is the key measure.

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

House values in Point Vernon rose 13.2% over the past 12 months, a strong increase in what a house is worth. Over the same period house rents rose 1.6%, a slight increase in rental income. That means capital growth outpaced rental income on the house side this year; whether that balance suits your goals and circumstances is for you to weigh up.

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.