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.