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: