Suburb Profile Report for Wavell Heights QLD (4012)

Wavell Heights House: Median price $640,000, Annual capital growth 6.31%, Number of sales 231, Weekly median advertised rent $450

Wavell Heights Unit: Median price $370,000, Annual capital growth 2.14%, Number of sales 15, Weekly median advertised rent $383

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

Source: CoreLogic

  • House Report
  • Unit Report

Wavell Heights has had a pretty average year for property investment returns compared to the rest of QLD, giving investors a capital gain of 1.59% to date .

When looking at the potential capital gains offered to property investors over the last 3 years, Wavell Heights comes in at number 164th in QLD.

LACK OF BUYER INTEREST may well be the reason that Wavell Heights is offering property investors an average of -7.23. This rate of discount on properties puts Suburb at number 569th in terms of most discounted suburbs in QLD

With a capital gain of -14.74% for the last 12 months, Wavell Heights, 4012 has performed for property investments than its average annual 2.14% property growth over the last 5 years.

When looking at the potential capital gains offered to property investors over the last 3 years, Wavell Heights comes in at number 217th in QLD.

LACK OF BUYER INTEREST may well be the reason that Wavell Heights is offering property investors an average of -5.79. This rate of discount on properties puts Suburb at number 69th in terms of most discounted suburbs in QLD

In the last year 15 properties changed hands in Wavell Heights, which puts it as the 333th most active market in QLD when comparing the number of sales per suburb.

Using the current median advertised rental of $382.5 and the average annual increase in value of a median property of 2.14%, investors should hope to achieve an overall return of 5.38%

HOUSE UNIT
$640,000 $370,000
1.19% -6.45%
1.59% -14.74%
6.31% 2.14%
$450 $383
231 15
3.66% 5.38%
60 94.92

Source: CoreLogic

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