Located in Queensland within the Fraser Coast local government area, Point Vernon is a mid-sized suburb (postcode 4655). It is home to about 5,718 residents, with a settled, mature resident base and a median age of 52. Households earn a median income of $56K per year, with an average household size of 2.3 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +2.1% year-on-year at the LGA level. QLD employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. QLD also had 32 Commonwealth-backed major projects under construction, 12 underway, and 50 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, community & personal service, technicians & trades. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are English, Australian, Scottish.
The median house price in Point Vernon is $610,000, having grown strongly by 7.5% over the past year. Units have a median price of $719,000 (+111.8% YoY). The current median weekly rent is $620. This gives a gross rental yield of approximately 5.3%. The median monthly mortgage repayment is $1,300.
The crime rate in the Fraser Coast LGA is moderate at 5,491 incidents per 100,000 population.
On the investment side, The gross rental yield works out to roughly 5.3%, which reads as high yield. Property prices sit below the state median ($610K/$1.1M), which can point to relative value. The price-to-income ratio of 10.9x is considered stretched. House prices have moved +7.5% year-on-year. Population growth of +2.1% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.