HOMEOWNERS on Point Lookout, North Stradbroke Island, love where they live. They hold on to their homes longer than anyone else in Greater Brisbane.
Analysis based on CoreLogic’s data, by RiskWise Property Research, shows the average hold period for houses at Point Lookout is a whopping 19.7 years compared to the greater Brisbane average of 11 years.
Buccan at Logan City was next at 18.2 years followed by Brisbane’s Herston (17.2), Pallara (17) and MacGregor (16.3).
RiskWise chief executive Doron Peleg said suburbs that enjoyed long holding periods usually provided something outstanding for residents like a strong community, location and proximity to employment or the CBD, good schools, transport and services.
“If a suburb has some of these characteristics people don’t see any reason to sell. They don’t want to leave,” Mr Peleg said.
“We see strong demand, solid capital growth and short time for days on market.”
Straddie local Julie Elliott with Chris Hemsworth and Matt Damon.
He said Point Lookout enjoyed good suburb fundamentals with a median price of $890,102.
While its three-year capital growth was low at only 1.1 per cent, the median equity for houses was $356,891 with a percentage of 66.2 per cent.
The Redlands beachside suburb was a tourist destination, with many homes leased to holidaymakers for part of the year.
Hollywood A-listers like Matt Damon and Chris Hemsworth holiday on the island.
The semi-rural Logan surburb of Buccan, south of Waterford, has large acreage properties suitable for families.
While there are no schools, there are plenty in the adjoining suburbs. The 100ha Buccan Conservation Park offers a haven for residents.
The median house prices is $638,535, with 12.2 per cent capital growth over the last three years.
The median equity is $211,180 with a percentage of 53.7 per cent.
