Wavell Heights

POSTAL CODE: QLD, 4012

HOUSE

UNIT

Property investors have seen a 3.46% gain in WAVELL HEIGHTS based on an increase in median home prices for the past three months.

Homeowners and real estate investors betting on WAVELL HEIGHTS, 4012 can rest assured about this QLD suburb's performance. The suburb saw median home prices rise by 14%.

Based on its average 5-year and quarterly capital gains WAVELL HEIGHTS, 4012 saw average growth in the long term.

The QLD suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $1,510,500

Profits averaged 9.33% per annum over a 3-year period, due to an upward trend in home prices in WAVELL HEIGHTS, 4012.

This means, real estate investors could earn a rental income of $750 based on current median home prices for the suburb.

The gross rental yield in WAVELL HEIGHTS, 4012 is 2.58%.

An average of 17.33 real estate transactions take place per month in WAVELL HEIGHTS which translates to 208 per annum.

Property investments in WAVELL HEIGHTS fare well against the rest of the country last year, registering a median home price increase of 20.88%.

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

Based on its average 5-year and quarterly capital gains WAVELL HEIGHTS, 4012 saw average growth in the long term.

This means, real estate investors could earn a rental income of $600 based on current median home prices for the suburb.

It is expected for properties to spend some time on the market prior to a successful sale. In WAVELL HEIGHTS, homes and units usually stay on listing for an average of 42.2 days.

the QLD suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $755,500

Investors saw the median home price rise to $755,500.

WAVELL HEIGHTS ranks 272nd on the list of best yielding suburbs for rental properties in QLD, posting a 4.13% return.

Surburb overview

Wavell Heights, Queensland 4012, is a well-regarded suburb located approximately 10.5 kilometres north of Brisbane’s central business district (CBD). Known for its family-friendly atmosphere and leafy streets, Wavell Heights has a population of around 10,336 residents. The predominant age group is 30-39 years, and many residents are professionals, making it a popular choice for young families and professionals alike.

The suburb’s real estate market is strong, with a median property price of approximately $1,250,000 for houses and $615,000 for units. Rental properties are also in demand, with median weekly rents at $700 for houses and $510 for units. Rental yields in the area are around 3.01% for houses and 4.83% for units, reflecting the suburb's stable growth and investment potential.

Wavell Heights features various amenities, including parks, sporting facilities, and several schools, such as Wavell Heights State School and Wavell State High School. The area is also home to Our Lady of the Angels’ School, which offers primary and secondary education.

Public transport is easily accessible, with bus services and proximity to the Nundah train station providing convenient connections to Brisbane’s CBD. The suburb is well-served by major roads like Hamilton Road and Bilsen Road, making it easy for residents to commute by car.

The suburb’s planning zones primarily consist of low-density residential areas, with over 51% of the suburb dedicated to this category and a strong focus on maintaining its character residential charm.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,510,500	$755,500
Growth Report
Median Quarterly	3.46%	1.61%
Median 12 month	14%	20.88%
Median 3 years	28.99%	51.1%
Median 5 years	93.65%	53.71%
10 years average annual	9.43%	4.88%
Weekly media advert. rent	$750	$600
Time on Market	48.5 days	42.2 days
Gross Rental Yield Percent	2.58%	4.13%

Demographics (Median Values)*

Total Population 8757

Weekly Household Income 1131

Household Size 2.40

Average Age 36

Monthly Loan Repayment 1517

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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