Sandstone Point suburb profile
Sandstone Point is a picturesque coastal suburb located in the Moreton Bay Region of Queensland, just north of Brisbane. Known for its stunning waterfront views and relaxed lifestyle, it offers a serene escape from the hustle and bustle of city life. The suburb is adjacent to the iconic Bribie Island, providing residents with easy access to beautiful beaches and recreational activities. Sandstone Point is home to the popular Sandstone Point Hotel, a key attraction for both locals and visitors, offering dining, entertainment, and events. With its natural beauty and growing amenities, Sandstone Point is an appealing destination for families and retirees seeking a tranquil coastal community.
Sandstone Point property market performance
Sandstone Point's property market has shown positive growth over the past 12 months, with house values increasing by 5.8% and unit values rising by 1.5%. The median house price over the past three months has averaged $825,000, while units have averaged $357,450, indicating a steady demand for both property types.
Sales activity has been relatively low, with 16 houses and just 3 units sold in the past three months. Houses are selling faster, with a median of 25 days on the market, compared to 54 days for units, suggesting stronger demand for houses.
The rental market in Sandstone Point has seen notable increases, with house rents rising by 6.7% and unit rents by 8.1% over the last 12 months, reflecting a robust demand for rental properties in the area.
Median price - houses$880KPast 3 months
Median price - units$357KPast 3 months
Change in value - houses8.1%12 months
Change in value - units4.1%12 months
Houses sold13Past 3 months
Units sold6Past 3 months
Median DOM - houses22Past 12 months
Median DOM - units54.5Past 12 months
Average rent - houses$635Past 12 months
Average rent - units$400Past 12 months
Change in rent - houses2.4%Past 12 months
Change in rent - units8.1%Past 12 months
Sandstone Point demographics
Sandstone Point, located in Queensland, is a serene coastal suburb known for its picturesque landscapes and tranquil lifestyle. With a median age of 62, it is predominantly a community of retirees and older residents who are drawn to its peaceful environment and natural beauty. The suburb's proximity to the water and its relaxed pace make it an ideal location for those seeking a quieter life away from the hustle and bustle of city living.
The housing market in Sandstone Point is characterized by a high rate of outright home ownership, with 61.4% of properties owned outright. This reflects the stability and long-term residency of its population. The suburb also has a modest proportion of homes owned with a mortgage (21.1%) and a smaller rental market, with only 17.5% of properties being rented. This indicates a community that values home ownership and long-term settlement.
Family structures in Sandstone Point are diverse, with a significant number of couple families without children, making up 64.5% of the family demographic. This is indicative of the older population who may have adult children living elsewhere. Couple families with children account for 21.2%, while one-parent families make up 13.4%. The suburb's low median household income of $963 per week reflects its demographic composition, with many residents likely relying on pensions or retirement savings. Overall, Sandstone Point offers a peaceful and stable environment, ideal for retirees and those seeking a laid-back lifestyle by the coast.
Sandstone Point infrastructure, key developments and investment opportunities
Sandstone Point is experiencing significant growth and development that may impact its property market. The $1 billion redevelopment of the Sandstone Point Hotel, one of Queensland's most iconic waterfront destinations, is enhancing the area's entertainment and dining options. This major project is likely to boost tourism and potentially increase property values in the surrounding area.
Infrastructure improvements are also underway, with plans for a new bridge to Bribie Island in the works, which could improve connectivity and accessibility for residents. Additionally, the development of the BIG4 Sandstone Point Holiday Resort is attracting more visitors to the area, potentially increasing demand for short-term rentals and holiday homes. These developments, combined with Sandstone Point's coastal location and proximity to Brisbane, are likely to sustain strong interest in the local property market.
Sandstone Point rental market trends
The rental market in Sandstone Point has experienced moderate growth, with house rents increasing by 6.7% over the past year to $640 per week, while unit rents have risen by 8.1% to $400 per week. This coastal suburb continues to attract renters and investors alike, offering a blend of affordability and lifestyle appeal.
Suburbs near Sandstone Point
Some popular suburbs near Sandstone Point include: