Suburb Profile Report for Wavell Heights QLD (4012)

Wavell Heights House: Median price $650,000, Annual capital growth 5.35%, Number of sales 216, Weekly median advertised rent $450

Wavell Heights Unit: Median price $370,000, Annual capital growth 2.42%, Number of sales 20, Weekly median advertised rent $355

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Wavell Heights, 4012 ranked 493th in QLD when comparing growth in median property values or capital gain over the last 12 months. Wavell Heights is one of 2415 in our list for QLD

Across a shorter period, Wavell Heights, 4012 has seen a median price increase of -1.18% over the last quarter.

State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.05% offered to property buyers. Sellers in Wavell Heights itself are offering an average vendor discount of -6.64% to real estate investors.

In the last year 216 properties changed hands in Wavell Heights, which puts it as the 51th most active market in QLD when comparing the number of sales per suburb.

Situated 8.56km from the CBD, Wavell Heights is one of Brisbane localities in the postcode 4012.

Wavell Heights is in the bottom 30% in QLD when comparing median price capital growth over the last year. Wavell Heights gave property investors a disappointing capital gain figure when compared to the rest of the state, with -5.01%.

Taking the average capital gain, or increase in median house value, Wavell Heights,4012 has racked up an average of -5.01% over the period. This ranks it number 1526th in the whole country for real estate investors looking at median house price increases.

Property buyers and investors in Wavell Heights 4012 should be seeing an average reduction in asking price of around -7.40% . This means that Wavell Heights is holding prices well when compared to other suburbs in QLD.

In the last year 20 properties changed hands in Wavell Heights, which puts it as the 306th most active market in QLD when comparing the number of sales per suburb.

Advertised rents are around the $355 mark per week – giving a return of 4.99% based on the median price in Suburb

Metrics i HOUSE UNIT
$650,000 $370,000
-1.18% N/A
1.56% -5.01%
5.35% 2.42%
$450 $355
216 20
3.60% 4.99%
49.65 118.7

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 9434
Median household income ($/weekly) 1663
Median age of persons 36
Median housing loan repayment ($/monthly) 2167
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 1183 12.5
    25-34 years 1405 14.9
    35-44 years 1658 17.6
    45-54 years 1202 12.7
    55-64 years 941 10.0
    Others 3045 32.3
    Age Group
    Census Count Percent(%)
    Registered Married 3417 48.8
    Not Married 2791 39.8
    Defacto Relationship 799 11.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 7409 81.1
    Papua New Guinea 353 3.9
    Philippines 77 0.8
    United Kingdom 374 4.1
    Other 338 3.7
    Others 590 6.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 73 0.8
    Christianity 6450 73.2
    Hinduism 72 0.8
    Islam 66 0.7
    No Religion 2097 23.8
    Others 58 0.7
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 279 8.5
    $1,500-$1,999 449 13.8
    $2,000-$2,499 370 11.3
    $2,500-$2,999 381 11.7
    $3,000-$3,499 279 8.5
    Others 1507 46.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3287 45.4
    Not in the labour force 2057 28.4
    Employed, worked part-time 1420 19.6
    Employed, away from work 272 3.8
    Unemployed, looking for work 204 2.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 673 13.5
    Professionals 1336 26.8
    Technicians & trades workers 605 12.1
    Clerical & administrative workers 968 19.4
    Sales 467 9.4
    Others 933 18.7
    Occupation
    Census Count Percent(%)
    Pre-school 137 6.4
    Infants/Primary 851 40.0
    Secondary 471 22.1
    Technical or Further Educational Institution 165 7.8
    University or other Tertiary Institutions 448 21.0
    Others 57 2.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 8667 95.0
    Flat, unit or apartment 309 3.4
    Semi-detached, row or terrace house, townhouse 137 1.5
    House or flat attached to a shop, office 6 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1414 40.5
    Fully owned 1137 32.6
    Rented 932 26.7
    Other tenure type 10 0.3
    Tenure Type
Census 2011, ABS
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