40 Waratah Avenue, Victoria Point QLD 4165

Lifestyle demand around relaxed bayside living, the ongoing shopping centre refresh, and the last stages of waterfront-adjacent land releases are drawing families and downsizers, keeping vacancy near 1% and reinforcing the suburb’s coastal premium. Prices have kept climbing through the last six months – median dwelling price sits around $945k with house and unit values up about 14–23% annually – so buyers are chasing capital gain while yields stay in the mid 3–6% range. The flip side is that rising approvals could ease the very tight 0.21% stock on market and 0.84 months inventory, so affordability remains stretched even as council upgrades waterfront parks and access.