Wavell Heights

POSTAL CODE: QLD, 4012
HOUSE
UNIT

Property investors have seen a 2.85% 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 12.7%.

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 $1,500,000

Profits averaged 10% 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 $732.5 based on current median home prices for the suburb.

The gross rental yield in WAVELL HEIGHTS, 4012 is 2.54%.

An average of 17.83 real estate transactions take place per month in WAVELL HEIGHTS which translates to 214 per annum.

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.

You’re out of free articles for this month
Loading form...