Property in Point Vernon is set to have a price growth of nearly 80% in the next five years.
For many Queenslanders, the allure of a coastal escape remains a cherished dream. The good news is that this dream is still within reach, as new data unveils the regional hot spots where home prices are poised to experience significant growth.
Among the highlighted suburbs is Point Vernon, boasting pristine beaches and a laid-back coastal lifestyle. Locations like Point Vernon in Hervey Bay are likely to attract buyers looking for a permanent residence or a holiday home by the sea.
The median home price in the Hervey Bay suburb of Point Vernon is set to grow by nearly 80% in the next five years to hit a median of $1.025m.
| Suburb | Current Median | 5Yr % Change in Median | Median in 2028 |
|---|---|---|---|
| Point Vernon | $575,000 | 78% | $1,025,000 |
Source: The Courier Mail 10 Regional Queensland Hotspots Set To Boom May 15, 2023
The allure of a coastal escape in Queensland remains strong, and the recent data from PropTrack confirms the tremendous growth potential of regional areas. These hot spots have experienced consistent growth over the past five years, setting the stage for even more substantial gains in the near future. With projected median home price increases of almost 80 percent by 2028, suburbs like Point Vernon are attracting attention from both buyers and investors seeking to capitalise on the real estate boom outside the southeast corner of Queensland.
Point Vernon is regarded as one of Hervey Bay’s best suburbs to live in. This stunning coastal town has become increasingly popular over the years. From its beautiful beaches to its relaxed lifestyle, there is no wonder why it is becoming an increasingly popular location to call home.