7 June 2019
Point Lonsdale is a private oasis for those who know about its existence, and the secret is slowly spreading, causing property investment interest in the area to grow.
The Point Lonsdale area is rich in history, first discovered by European explorers in 1802, and earning its name from the first police magistrate of the Port Phillip region, Captain William Lonsdale. There are many tales of the first settlers to Point Lonsdale, and their colourful convict background, with the building and re-building of the lighthouse starting from 1860s becoming iconic to the area.
Traditionally known as a holiday resort, the population still swells significantly in the summer period, and remains steady at around 2,500 residents at other times. According to property market experts, realestate.com.au, the median sales price for Point Lonsdale has increased by 16% over the last 5 years, equating to an annual growth rate of 3%, which sits just under the state average of 4%. Rental demand can be described as medium with the yield remaining stead at 2.8% over the last 10 years.
While traditionally the resident profile of Point Lonsdale has trended around the senior age group, there is an emerging trend of young families calling the area home. The population growth of 9% (source:CoreLogic) over the last 5 years for the area is testament to Point Lonsdale’s many appealing assets such as its enviable seaside position, proximity to both Melbourne and Geelong and haven for healthy lifestyles.
If it’s time for you to explore the Point Lonsdale area, drop into The Point Information Centre at 2303 Bellarine Highway or call to chat to the team on 0427 257 712. The Point Land Sales Team provide no obligation information for all new home buyers, for houses and land for sale in the Point Lonsdale area, and can provide helpful guidance for new home buyers across all aspects of the building journey.