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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

Victoria Point's property market has shown robust growth over the past 12 months, with house values increasing by 12.2% and unit values surging by 18.6%. The median house price over the past three months has averaged $1.04 million, while units have averaged $677,500, indicating strong demand across both property types.

Sales activity has been more pronounced in the housing sector, with 62 houses sold compared to just 7 units in the past three months. Houses are selling quickly, with a median of 20 days on the market, whereas units are taking longer, with a median of 40 days, suggesting a more competitive market for houses.

The rental market in Victoria Point has also experienced significant changes, particularly for units, where rent prices have increased by 31.9% over the last 12 months. House rents have seen a more modest rise of 4.6%, reflecting varying demand dynamics in the rental sector.

Median price - houses$1.03MPast 3 months

Median price - units$678KPast 3 months

Change in value - houses11.9%12 months

Change in value - units15.3%12 months

Houses sold60Past 3 months

Units sold5Past 3 months

Median DOM - houses20Past 12 months

Median DOM - units47Past 12 months

Average rent - houses$690Past 12 months

Average rent - units$620Past 12 months

Change in rent - houses6.2%Past 12 months

Change in rent - units27.2%Past 12 months

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 significant changes, with house rents increasing by 4.6% over the past year to $680 per week. Unit rents have surged by an impressive 31.9%, reaching $620 per week. This growth highlights the suburb's rising appeal, making it an attractive option for both renters and investors seeking strong returns in a vibrant community.

Suburbs near Victoria Point

Some popular suburbs near Victoria Point include:

Common questions about Victoria Point

  • Is Victoria Point a nice place to live?

    Victoria Point is a delightful coastal suburb that offers a serene and family-friendly environment, making it a wonderful place to call home. Nestled in the Redland City region, it boasts a charming blend of natural beauty and modern conveniences. The suburb is renowned for its stunning waterfront views and relaxed lifestyle, providing residents with a peaceful retreat from the hustle and bustle of city life. With its array of parks, beaches, and recreational facilities, Victoria Point is perfect for families who enjoy outdoor activities and a close-knit community atmosphere.

    The suburb's vibe is one of tranquility and coastal charm, with a strong sense of community that is welcoming to both families and retirees. Victoria Point is well-equipped with essential amenities, including shopping centres, schools, and dining options, ensuring that residents have everything they need within easy reach. Safety is generally not a major concern, contributing to the suburb's appeal as a secure and pleasant place to live.

    For families, Victoria Point offers a supportive environment with excellent schools and plenty of green spaces for children to play. The suburb's proximity to Moreton Bay adds to its allure, providing opportunities for water-based activities and leisurely weekends by the sea. However, one trade-off of living in Victoria Point is its distance from Brisbane's CBD, which may require a longer commute for those working in the city. Despite this, the ongoing improvements in public transport connections are set to enhance accessibility, making the suburb even more attractive to potential residents.

    Overall, Victoria Point is a charming suburb that offers a peaceful lifestyle with the convenience of modern amenities. Its coastal beauty, strong community spirit, and family-friendly environment make it a desirable place to live for those seeking a balance between tranquility and connectivity.

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  • Is it expensive to live in Victoria Point?

    Living in Victoria Point can be quite costly, especially when you consider the current property market. The median house price in this suburb is around $1,037,500, which is significantly higher than many other areas in Queensland. If you're thinking of renting, houses average about $680 per week, while units are slightly more affordable at $620 per week.

    When you compare these housing costs to the average wage in Victoria Point, which is approximately $85,000 per year, it becomes clear that a substantial portion of income would be needed to cover housing expenses. The median total household income weekly is $1,511, which suggests that many residents might find it challenging to manage these costs comfortably, especially when factoring in other living expenses.

    Overall, while Victoria Point offers a desirable lifestyle with its proximity to Brisbane and coastal charm, the cost of living, particularly in terms of housing, is relatively high. If you are considering making Victoria Point your home, it's important to carefully evaluate your financial situation to ensure it aligns with the expenses associated with living in this attractive suburb.

    Disclaimer: To assess whether a suburb is considered expensive, we’ve looked at mortgage and rental costs as a proportion of the average local salary. That said, everyone’s financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.
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  • Is Victoria Point a good place to invest?

    Victoria Point is showing promising signs as a great place to invest, especially if you're looking at the real estate market. Over the past year, the suburb has experienced a significant increase in property values, with house prices rising by 12.2% and unit values soaring by 18.6%. This indicates a strong demand for properties in the area, making it an attractive option for investors seeking capital growth.

    Additionally, the rental market in Victoria Point is thriving, particularly for units, which have seen a remarkable 31.9% increase in rent over the last 12 months. This suggests a high demand for rental properties, potentially offering investors a solid rental income stream. While house rents have grown by 4.6%, the substantial rise in unit rents highlights a shift in tenant preferences, possibly due to affordability or lifestyle choices.

    Overall, Victoria Point presents a compelling opportunity for investors. The combination of rising property values and strong rental demand, particularly for units, suggests that the suburb is well-positioned for continued growth. Whether you're looking for capital appreciation or rental returns, Victoria Point offers a balanced investment prospect in the current market.

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