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Wavell Heights
AREA REPORTS

Wavell Heights

Wavell Heights - SUBURB PROFILE REPORT
POSTAL CODE: QLD, 4012

house
unit

Property investors have seen a 7.14% 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 20%.

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 $900,000

Profits averaged 8.92% 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 $520 based on current median home prices for the suburb.

The gross rental yield in WAVELL HEIGHTS, 4012 is 3%.

An average of 24.42 real estate transactions take place per month in WAVELL HEIGHTS which translates to 293 per annum.

Data report can be found below

Wavell Heights
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $900,000 $372,000
GROWTH REPORT
Median Quarterly 7.14% -0.8%
Median 12 month 20% -8.15%
Median 3 years 26.76% -2.75%
Median 5 years 38.92% 0.54%
10 years average annual 5.29% -0.99%
Weekly media advert. rent $520 $360
Time on Market 38.5 days 36.4 days
Gross Rental Yield Percent 3% 5.03%
demographics (median values)*
Total Population
8757
Weekly Household Income
1131
Household Size
2.40
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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