Wakerley

POSTAL CODE: QLD, 4154

HOUSE

UNIT

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

The 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 $1,620,000.

The upward trend in home prices in WAKERLEY, 4154 averaged 12.82% per annum over a 3-year period.

Average weekly rents on listings have reached the $870 mark, reflecting a 2.79% increase in returns based on the current median price in WAKERLEY.

An average of 9.25 real estate transactions take place per month in WAKERLEY which translates to 111 per annum.

111 properties were sold in WAKERLEY in 2016, making it the 931st most active market in QLD based on total real estate transactions.

WAKERLEY, 4154 places 430th in Australia based on median property value growth during the quarter.

The 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 $927,000.

Average median unit prices in QLD have risen as a whole, pulling WAKERLEY, 4154 values up and netting property investors a capital gain of 13.39% for the past year.

Investors saw the median home price rise to $927,000.

The upward trend in home prices in WAKERLEY, 4154 averaged 17.74% per annum over a 3-year period.

WAKERLEY now ranks at the 330th place on a list of fastest growing suburbs in the territory.

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

Real estate investors could earn a rental income of $750 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 WAKERLEY, homes and units usually stay on listing for an average of 27.1 days.

23 properties were sold in WAKERLEY in 2016, making it the 232nd most active market in QLD based on total real estate transactions.

Surburb overview

Wakerley is an eastern suburb of Brisbane, Queensland, Australia. It is approximately 17.7 kilometres east of the city's central business district.

According to the 2021 census, Wakerley had a population of 8,718 people. The suburb has experienced steady growth, with the population increasing from 7,804 in 2011 to 8,445 in 2016, indicating a consistent upward trend.

Wakerley's demographic profile includes a median age of 33, slightly below the national median. The area is predominantly residential, featuring various housing options, including detached houses and townhouses. The suburb consists primarily of four-plus-bedroom houses comprising 75% of all dwellings.

Several bus services facilitate public transportation in Wakerley, connecting residents to Brisbane's CBD and surrounding suburbs. However, the area maintains a suburban feel and has limited direct public transport options, leading to a reliance on private vehicles for commuting.

Essential amenities are accessible in nearby suburbs. Residents often visit the neighbouring suburb of Carindale, which houses the Westfield Carindale shopping centre. This centre offers various retail outlets, dining options, and entertainment facilities. Local shops and services are also available in adjacent suburbs like Gumdale and Manly West.

Wakerley offers several parks and green spaces for recreational activities, contributing to its family-friendly atmosphere. The area is known for its walking and cycling tracks, which provide residents with outdoor activities. Additionally, the suburb's proximity to the bayside suburbs allows easy access to coastal recreational facilities.

Wakerley offers a suburban lifestyle that combines residential living with access to essential amenities. It suits families and professionals seeking a balance between urban convenience and suburban tranquillity.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,620,000	$927,000
Growth Report
Median Quarterly	3.35%	0.38%
Median 12 month	8%	13.39%
Median 3 years	38.46%	53.22%
Median 5 years	82.84%	124.73%
10 years average annual	8.57%	8.75%
Weekly media advert. rent	$870	$750
Time on Market	31.4 days	27.1 days
Gross Rental Yield Percent	2.79%	4.21%

Demographics (Median Values)*

Total Population 3903

Weekly Household Income 1671

Household Size 3.00

Average Age 32

Monthly Loan Repayment 1800

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

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