With a capital gain of 3.02% for the last 12 months, Wavell Heights, 4012 has performed for property investments than its average annual 6.27% property growth over the last 5 years.
While Wavell Heights,4012 ranked number 333th in QLD for increase in median house value (annualised) increase, it is ranked 215th over the last 5 years.
Property buyers and investors in Wavell Heights 4012 should be seeing an average reduction in asking price of around -5.83% . This means that Wavell Heights is holding prices well when compared to other suburbs in QLD.
At number 1080 in a list of fastest selling suburbs, Wavell Heights is in the TOP 30% of suburbs in Australia with an average of days on market 62.91 for properties listed there.
Advertised rents are around the $450 mark per week – giving a return of 3.62% based on the median price in Suburb
Investment property in Wavell Heights has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -17.98%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Wavell Heights has fallen somewhat when compared to the 5 year average annual rate.
At number 60th of QLD’s most discounted properties, Wavell Heights is in the bottom 20% of the state/territory when listing in order of most discounted to least.
At number 1215 in a list of fastest selling suburbs, Wavell Heights is in the bottom 20% of suburbs in Australia with an average of days on market 106.92 for properties listed there.
A $380 per week rent on the median house gives suburb investors a gross yield of circa 5.49%, without taking into account capital value appreciation, which has been averaging out at 1.84%.