Suburb Profile Report for Wishart QLD (4122)

Wishart House: Median price $701,250, Annual capital growth 5.23%, Number of sales 130, Weekly median advertised rent $495

Wishart Unit: Median price $435,000, Annual capital growth 4.94%, Number of sales 59, Weekly median advertised rent $400

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Investment property in Wishart has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 2.37%

Wishart,4122 has offered an average of 2.37% return per annum in house price rises to property investors over the last three years.

Property buyers and investors in Wishart 4122 should be seeing an average reduction in asking price of around -5.46% . This means that Wishart is holding prices well when compared to other suburbs in QLD.

At number 272 in a list of fastest selling suburbs, Wishart is in the TOP 10% of suburbs in Australia with an average of days on market 38.14 for properties listed there.

With the median price for a house in Wishart being $701250 and the advertised rent reaching $495 the gross rental yield for property investors calculates out to be 3.67%

With a capital gain of -1.69% for the last 12 months, Wishart, 4122 has performed for property investments than its average annual 4.94% property growth over the last 5 years.

Comparing Wishart,4122 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Our latest figures would indicate that property sellers in Wishart are currently offering property investors an average price cut of -3.22% below the asking price at the moment.

The QLD suburb of Wishart, 4122 is in the Brisbane local government area.

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Wishart is a good spot to look at picking up an investment property to make the most of its student and young professional crowd, and it’s units and townhouses in this area that score well for affordability.

Full summary

Wishart is a good spot to look at picking up an investment property to make the most of its student and young professional crowd, and it’s units and townhouses in this area that score well for affordability.

“It’s just so central. You can normally pick up a three-bedroom, two-bathroom unit for example, for anywhere from $400-$460,000,” says Hot Property Specialists managing director Liz Wilcox.

Larger units and townhouses are popular, particularly among students looking to club together in shared accommodation.

At Wishart’s median unit price you’re likely to be able to pick up a two-bedroom property in an older complex, but Wilcox suggests that larger, newer units are in higher demand from tenants.

“You’re better off going just above the average and getting the three-bed, two-bath, units or townhouses that are a lot newer and better for depreciation from an investment point of view,” she says.

Close
Metrics i HOUSE UNIT
$701,250 $435,000
-1.09% 0.35%
2.37% -1.69%
5.23% 4.94%
$495 $400
130 59
3.67% 4.78%
38.14 55.5

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 10460
Median household income ($/weekly) 1589
Median age of persons 37
Median housing loan repayment ($/monthly) 1950
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 1460 14.0
    25-34 years 1280 12.2
    35-44 years 1527 14.6
    45-54 years 1460 14.0
    55-64 years 1187 11.3
    Others 3546 33.9
    Age Group
    Census Count Percent(%)
    Registered Married 4418 55.0
    Not Married 3168 39.4
    Defacto Relationship 446 5.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 7067 69.0
    Croatia 185 1.8
    Papua New Guinea 408 4.0
    United Kingdom 376 3.7
    Other 538 5.3
    Others 1665 16.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 273 2.8
    Christianity 7352 74.1
    Hinduism 187 1.9
    Islam 173 1.7
    No Religion 1829 18.4
    Others 112 1.1
    Religious Affiliation
  • Census Count Percent(%)
    $600-$799 274 8.3
    $1,250-$1,499 271 8.2
    $1,500-$1,999 463 14.0
    $2,000-$2,499 434 13.2
    $2,500-$2,999 364 11.0
    Others 1494 45.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3363 40.7
    Not in the labour force 2668 32.3
    Employed, worked part-time 1648 20.0
    Employed, away from work 293 3.5
    Unemployed, looking for work 282 3.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 615 11.6
    Professionals 1405 26.5
    Technicians & trades workers 617 11.6
    Clerical & administrative workers 988 18.6
    Sales 513 9.7
    Others 1165 22.0
    Occupation
    Census Count Percent(%)
    Pre-school 109 3.9
    Infants/Primary 960 34.6
    Secondary 769 27.7
    Technical or Further Educational Institution 171 6.2
    University or other Tertiary Institutions 683 24.6
    Others 81 2.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 8721 85.5
    Semi-detached, row or terrace house, townhouse 1399 13.7
    Flat, unit or apartment 81 0.8
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1367 38.2
    Being purchased 1339 37.4
    Rented 825 23.0
    Other tenure type 50 1.4
    Tenure Type
Census 2011, ABS
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