Suburb Profile
Wavell Heights - FREE SUBURB PROFILE REPORT
POSTAL CODE: QLD,4012
Property investors have seen a -1.76% drop in WAVELL HEIGHTS based on a decrease in median home prices for the past three months.
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 $697,500
Profits averaged 3.81% 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 $450 based on current median home prices for the suburb.
The gross rental yield in WAVELL HEIGHTS, 4012 is 3.35%.
An average of 16 real estate transactions take place per month in WAVELL HEIGHTS which translates to 192 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $697,500 | $410,000 |
| GROWTH REPORT | ||
| Median Quarterly | -1.76% | -1.2% |
| Median 12 month | 5.68% | 12.33% |
| Median 3 years | 11.42% | -6.82% |
| Median 5 years | 35.44% | 18.84% |
| 10 years average annual | 4.29% | 1.17% |
| Weekly media advert. rent | $450 | $372.5 |
| Time on Market | 65.2 days | 0.0 days |
| Gross Rental Yield Percent | 3.35% | 4.72% |
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