Suburb Profile Report for Wavell Heights QLD (4012)

Wavell Heights House: Median price $655,000, Annual capital growth 6.03%, Number of sales 223, Weekly median advertised rent $450

Wavell Heights Unit: Median price $365,000, Annual capital growth 3.18%, Number of sales 18, Weekly median advertised rent $380

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

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of 3.97% for the last 12 months, Wavell Heights, 4012 has performed for property investments than its average annual 6.03% property growth over the last 5 years.

Comparing Wavell Heights,4012 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Property buyers and investors in Wavell Heights 4012 should be seeing an average reduction in asking price of around -7.07% . This means that Wavell Heights is holding prices well when compared to other suburbs in QLD.

On average over the past year, suburb has had 18.58 sales per month, which equates to 223 per year.

A $450 per week rent on the median house gives suburb investors a gross yield of circa 3.57%, without taking into account capital value appreciation, which has been averaging out at 6.03%.

If you compare the increase in value of investment property in Wavell Heights, 4012 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this QLD suburb was -7.59%.

The five-year average increase in median property values for Wavell Heights,4012 has given property investors a potential capital gain of -16.57% across each of those five years.

Property investors looking for a bargain in Wavell Heights should be aiming for at least -8.29% off the asking price, which is the average vendor discount being achieved at the moment.

Metrics i HOUSE UNIT
$655,000 $365,000
0.77% -1.35%
3.97% -7.59%
6.03% 3.18%
$450 $380
223 18
3.57% 5.41%
59.06 116.73

Source: CoreLogic

DSR Score for property investment : Above average (H), Good (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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