Wheeler Heights

POSTAL CODE: NSW, 2097
HOUSE

Based on its average 5-year and quarterly capital gains WHEELER HEIGHTS, 2097 saw average growth in the long term.

A survey of average capital gains or median home price increase in suburbs across the country shows that WHEELER HEIGHTS, 2097 obtained a 7.3% growth over a ten-year period. It ranks 1720th on our list of suburbs that property investors should look into.

WHEELER HEIGHTS, 2097 in NSW belongs to the local government area of Northern Beaches.

WHEELER HEIGHTS, 2097 has a capital gain of 3.31% for the past year, which is lower than average compared to its 39.47% growth within a five-year period.

With the median home price in WHEELER HEIGHTS sitting at $2,371,000, and the average rent at $1395, property owners could potentially earn a 3.06% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in WHEELER HEIGHTS are low, as opposed to average gains per annum over the past five years.

Surburb overview

Wheeler Heights is a suburb in the Northern Beaches region, located approximately 22 kilometres northeast of Sydney's central business district. According to the 2021 Census, it has a population of roughly 3,232 residents.

Public transport in Wheeler Heights has bus routes connecting the suburb to major hubs such as Warringah Mall and surrounding areas. The 179 bus route, operated by Keolis Downer Northern Beaches, runs between Warringah Mall and the War Veterans Retirement Village, serving the residents of Wheeler Heights.

The suburb offers several parks and recreational areas, with ten parks covering nearly 9.7% of the total area. These green spaces provide residents with opportunities for outdoor activities and leisure.

Wheeler Heights has several educational facilities, including Wheeler Heights Public School and St Rose Catholic Primary School, which offer primary education. Additionally, there is one long daycare centre serving the community.

Regarding housing, Wheeler Heights features a mix of residential properties, predominantly separate houses. The median house price is approximately $2,280,000, with an annual capital growth of -2.98%. Rental yields for houses are currently around 3.02%, with a median rent of $1,100 per week.

Wheeler Heights offers a blend of residential living with access to essential services and recreational activities, contributing to its appeal as a Northern Beaches suburb. 

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