Giving property investors a an average capital gain of 2.94% for the last year, Wavell Heights, 4012 is the 2371th highest performer in Australia in this respect.
Across a shorter period, Wavell Heights, 4012 has seen a median price increase of 0.13% over the last quarter.
Our latest figures would indicate that property sellers in Wavell Heights are currently offering property investors an average price cut of -6.48% below the asking price at the moment.
On average over the past year, suburb has had 20.08 sales per month, which equates to 241 per year.
A $450 per week rent on the median house gives suburb investors a gross yield of circa 3.61%, without taking into account capital value appreciation, which has been averaging out at 6.08%.
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 -4.88%.
At number 33th of QLD’s most discounted properties, Wavell Heights is in the bottom 20% of the state/territory when listing in order of most discounted to least.
Wavell Heights is 210th on a list of best yielding suburbs for rents in QLD with a 5.13% return