Giving property investors a an average capital gain of 6.56% for the last year, Wavell Heights, 4012 is the 2098th highest performer in Australia in this respect.
Over the longer term, Wavell Heights has seen property prices show investors a 22.94% return over the last 3 years. This is worse than over the last 12 months
The most recent median price for Wavell Heights is $682000, with sellers offering an average of -6.74% off the asking price.
At number 975 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 54.41 for properties listed there.
Using the current median advertised rental of $450 and the average annual increase in value of a median property of 4.99%, investors should hope to achieve an overall return of 3.43%
At number 1451th in the list of Australian suburbs ordered by increase in median house value over the last year, Wavell Heights, 4012 is in the BOTTOM 20% with a property value increase of -6.57% recorded in median house prices.
Taking the average capital gain, or increase in median house value, Wavell Heights,4012 has racked up an average of -6.57% over the period. This ranks it number 1573th in the whole country for real estate investors looking at median house price increases.
State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.98% offered to property buyers. Sellers in Wavell Heights itself are offering an average vendor discount of -6.43% to real estate investors.
Wavell Heights is 220th on a list of best yielding suburbs for rents in QLD with a 5.06% return