Victoria Point suburb profile
Victoria Point is a picturesque coastal suburb located in the Redland City region, approximately 33km southeast of Brisbane. Known for its stunning waterfront views and relaxed lifestyle, it offers a perfect blend of natural beauty and modern amenities. The suburb features a variety of recreational facilities, including parks, beaches, and the popular Victoria Point Jetty, which is a gateway to the nearby Coochiemudlo Island. With a range of shopping centres, schools, and dining options, Victoria Point caters to families and retirees seeking a peaceful yet convenient living environment. Its coastal charm and community-focused atmosphere make it a desirable destination for residents and visitors alike.
Victoria Point property market performance
Current median dwelling price$915,000Past 3 months
Property growth+10.9%Past 12 months
Victoria Point's property market has experienced robust growth over the past 12 months. House values have risen by 11.9%, with the median house price reaching $1.03 million. Units have seen an even more significant increase of 15.3%, bringing the median unit price to $677,500. This indicates a strong demand for both property types in the area.
Sales activity has been more pronounced in the housing sector, with 60 houses sold compared to just 5 units over the past 12 months. Houses are selling quickly, with a median of 20 days on the market, while units are taking longer at 47 days, suggesting a slower pace in the unit market.
The rental market in Victoria Point has shown notable changes, particularly for units, which have seen a substantial rent increase of 27.2% over the last 12 months. House rents have also risen by 6.2%, reflecting a strong rental demand across the suburb.
Houses | Units | |
---|---|---|
Median price Past 3 months | $1.02M | $805K |
Change in value Past 12 months | 13.1% | 8.7% |
Sold Past 3 months | 80 | 10 |
Median days on market Past 12 months | 40 | 125 |
Average rent Past 12 months | $710 | $630 |
Change in rent Past 12 months | 7.6% | -3.1% |
5 year median price trend for houses and units
Victoria Point demographics
Victoria Point, located in the Redland City region of Queensland, is a picturesque suburb known for its coastal charm and family-friendly atmosphere. With a population of 15,140, it offers a serene lifestyle away from the hustle and bustle of the city, making it an attractive destination for families and retirees. The median age of 49 reflects a mature community, with many residents enjoying the suburb's tranquil environment and proximity to Moreton Bay.
The suburb's housing market is characterized by a high rate of home ownership, with 40.4% of properties owned outright and 37.4% owned with a mortgage. This indicates a stable community with long-term residents who value the security and investment potential of property ownership. The rental market, comprising 22.2% of properties, caters to those seeking flexibility, including young families and professionals.
Family life is a significant aspect of Victoria Point, with 38.7% of households being couple families with children and 46.4% being couple families without children. The presence of one-parent families at 14.1% adds to the suburb's diverse family dynamics. The area's amenities, including parks, schools, and shopping centers, support a comfortable and convenient lifestyle, making Victoria Point a desirable location for those seeking a peaceful yet connected community.
Victoria Point infrastructure, key developments and investment opportunities
Victoria Point is experiencing several developments that could impact its property market. The suburb is set to benefit from the ongoing redevelopment of the Victoria Point Shopping Centre, which aims to enhance local retail and dining options, potentially increasing the area's appeal to residents and investors. Additionally, the planned expansion of public transport services, including improved bus connections to nearby train stations, is expected to boost accessibility and potentially property values.
The local council's focus on preserving and enhancing Victoria Point's coastal environment, including upgrades to waterfront parks and walking trails, is likely to maintain the suburb's desirability. These improvements, combined with Victoria Point's established schools and proximity to Moreton Bay, continue to attract families and retirees. While no major infrastructure projects are currently underway, the ongoing enhancements to local amenities are expected to sustain steady demand for properties in this coastal suburb.
Victoria Point rental market trends
The rental market in Victoria Point has experienced notable changes, with house rents increasing by 6.2% over the past year to $690 per week. Unit rents have seen a significant rise of 27.2%, reaching $620 per week. This growth reflects strong demand and highlights Victoria Point as an attractive option for renters and investors seeking opportunities in a vibrant coastal suburb.
Suburbs near Victoria Point
Some popular suburbs near Victoria Point include:
How does Victoria Point compare to nearby suburbs?
- Median house prices: Victoria Point’s median house price is 114.4% higher than Macleay Island’s.
- Median unit prices: Victoria Point’s median unit price is 12.7% higher than Thornlands’s.
- House price growth: Over the past 12 months, house prices in Victoria Point have grown 3.7% higher than in Redland Bay.
- Unit price growth: Over the past 12 months, unit prices in Victoria Point have grown 2.3% higher than in Cleveland.
- Selling speed for houses: Properties in Victoria Point are selling 28.6% faster than in Redland Bay.
- Selling speed for units: Properties in nearby Redland Bay are selling 36.8% faster than in Victoria Point.
- Investment considerations: In Victoria Point, the rental yield for house is 6.0% higher than the Brisbane average, while the rental yield for units is 4.5% higher.
- House price growth: Over the past 12 months, house prices in Victoria Point have grown 9.1% lower than the average rate of growth across Brisbane.
- Unit price growth:Over the past 12 months, unit prices in Victoria Point have grown 26.9% higher than the average rate of growth for units across Brisbane.