Date Prepared: 13th November 2024
Sources: Attached PDF (Pricefinder), ABS, Landchecker, Your Investment Property Magazine, Walkscore, TMR Queensland, Domain, and Google (for parks).
Overview
Victoria Point is a vibrant coastal suburb situated 33 km southeast of Brisbane CBD in the Redland City region. Known for its stunning waterfront, family-friendly environment, and strong community ties, Victoria Point offers a unique blend of bayside living and urban convenience.
Demographics
- Population: Approximately 15,500 (2021 Census, ABS).
- Median Age: 45 years, indicating a mature population with a mix of families and retirees.
- Dwelling Type: Primarily standalone houses, with a growing number of townhouses and units.
- Ownership: High rates of owner-occupiers, reflecting long-term residential stability.
Property Market (2024)
Houses
- Median Sale Price: $900,000 (+7.8% annual growth).
- Median Weekly Rent: $690.
- Rental Yield: 4.0%.
- Sales Volume: 243 house sales in the past 12 months.
Units
- Median Sale Price: $637,501 (-12.1% annual change).
- Median Weekly Rent: $550.
- Rental Yield: 4.5%.
Long-Term Trends (2006–2024)
- Victoria Point’s property market has shown consistent growth, with house prices increasing from $392,000 in 2006 to $900,000 in 2024.
Recent Notable Sales
- 12 White Street: Sold for $1,975,000 (Nov 2024).
- 28 Orana Esplanade: Sold for $1,572,500 (Oct 2024).
- 178 Colburn Avenue: Sold for $1,250,000 (Oct 2024).
Source: Pricefinder, Your Investment Property Magazine.
Education
Victoria Point is home to several reputable schools:
- Primary Schools:
- Victoria Point State School.
- Redland Bay State School (nearby).
- Secondary Schools:
- Victoria Point State High School.
- Private Schools:
- Faith Lutheran College, offering education from Prep to Year 12.
Source: Queensland Department of Education, Landchecker.
Amenities and Lifestyle
Shopping
- Victoria Point Shopping Centre: Features major retailers, specialty stores, and dining options.
- Lakeside Shopping Centre: Offers boutique shopping and waterfront dining.
Parks and Recreation
- Thompson’s Beach: A family-friendly waterfront spot perfect for picnics and swimming.
- Eprapah Creek Conservation Park: Ideal for nature walks and bird watching.
- Point Halloran Conservation Area: A serene area with walking trails and scenic views.
Source: Google, Walkscore.
Transport and Accessibility
- Road Network:
- Well-connected via Cleveland-Redland Bay Road for easy travel to Brisbane and surrounding suburbs.
- Public Transport:
- Regular bus services connect Victoria Point to Cleveland train station and Brisbane CBD.
- Walkability:
- Moderate; local shops, parks, and schools are accessible by foot in central areas.
Source: TMR Queensland, Walkscore.
Recent and Planned Developments
- Residential Growth: Continued development of modern family homes and townhouses.
- Community Enhancements: Upgrades to parks, waterfront areas, and public amenities by Redland City Council.
Source: Pricefinder, Your Investment Property Magazine.
Community and Employment
- Employment Sectors:
- Healthcare, retail, education, and construction dominate the job market.
- Community Activities:
- Farmers’ markets, coastal festivals, and outdoor recreation opportunities contribute to Victoria Point’s vibrant community.
Source: ABS, Your Investment Property Magazine.
Key Statistics at a Glance
| Metric | Value |
|---|---|
| Population | ~15,500 (2021 Census). |
| Median House Price (2024) | $900,000. |
| Median Rent (Houses) | $690/week. |
| Rental Yield (Houses) | 4.0%. |
| Median Unit Price (2024) | $637,501. |
| Median Rent (Units) | $550/week. |
| Rental Yield (Units) | 4.5%. |
| Notable Parks | Thompson’s Beach, Eprapah Creek, Point Halloran. |
| Transport Access | Cleveland-Redland Bay Road, bus services. |
Conclusion
Victoria Point combines the charm of coastal living with urban convenience, making it a prime location for families, professionals, and retirees. Its thriving property market, excellent schools, and strong sense of community ensure sustained demand and long-term growth.