Suburb Profile Report for Wakerley QLD (4154)

Wakerley House: Median price $740,000, Annual capital growth 5.60%, Number of sales 152, Weekly median advertised rent $550

Wakerley Unit: Median price $425,000, Annual capital growth 2.30%, Number of sales 34, Weekly median advertised rent $425

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

Source: CoreLogic

  • House Report
  • Unit Report

If you compare the increase in value of investment property in Wakerley, 4154 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this QLD suburb was 4.23%.

When looking at the potential capital gains offered to property investors over the last 3 years, Wakerley comes in at number 350th in QLD.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Wakerley, 4154. Typically our figures indicate that -4.01% is being offered, which puts this QLD suburb at 3230th most discounted overall in Australia.

On average over the past year, suburb has had 12.67 sales per month, which equates to 152 per year.

Advertised rents are around the $550 mark per week – giving a return of 3.86% based on the median price in Suburb

If you compare the increase in value of investment property in Wakerley, 4154 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this QLD suburb was 5.33%.

State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.98% offered to property buyers. Sellers in Wakerley itself are offering an average vendor discount of -2.25% to real estate investors.

With the median price for a house in Wakerley being $425000 and the advertised rent reaching $425 the gross rental yield for property investors calculates out to be 5.20%

HOUSE UNIT
$740,000 $425,000
1.51% N/A
4.23% 5.33%
5.60% 2.30%
$550 $425
152 34
3.86% 5.20%
51.7 64.91

Source: CoreLogic

DSR Score for property investment : Above average (H), Very good (U)
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Demographics
Total population 7802
Median household income ($/weekly) 2280
Median age of persons 33
Median housing loan repayment ($/monthly) 2600
Average household size 3.1
  • Census Count Percent(%)
    0-4 years 947 12.1
    5-14 years 1343 17.2
    25-34 years 1164 14.9
    35-44 years 1688 21.6
    45-54 years 959 12.3
    Others 1703 21.8
    Age Group
    Census Count Percent(%)
    Registered Married 3262 63.2
    Not Married 1400 27.1
    Defacto Relationship 499 9.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 5356 70.8
    Papua New Guinea 492 6.5
    South Africa 310 4.1
    United Kingdom 599 7.9
    Other 286 3.8
    Others 521 6.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 63 0.9
    Christianity 5530 75.0
    Hinduism 91 1.2
    Islam 60 0.8
    No Religion 1588 21.5
    Others 41 0.6
    Religious Affiliation
  • Census Count Percent(%)
    $1,250-$1,499 169 7.6
    $1,500-$1,999 301 13.6
    $2,000-$2,499 325 14.6
    $2,500-$2,999 426 19.2
    $3,000-$3,499 265 11.9
    Others 734 33.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2918 54.4
    Employed, worked part-time 1058 19.7
    Not in the labour force 1013 18.9
    Employed, away from work 225 4.2
    Unemployed, looking for work 154 2.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 710 16.9
    Professionals 1092 26.0
    Technicians & trades workers 489 11.6
    Clerical & administrative workers 742 17.7
    Sales 414 9.9
    Others 755 18.0
    Occupation
    Census Count Percent(%)
    Pre-school 184 9.0
    Infants/Primary 1001 49.0
    Secondary 432 21.1
    Technical or Further Educational Institution 119 5.8
    University or other Tertiary Institutions 261 12.8
    Others 46 2.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 6823 91.1
    Semi-detached, row or terrace house, townhouse 660 8.8
    Flat, unit or apartment 7 0.1
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1310 54.0
    Rented 719 29.7
    Fully owned 387 16.0
    Other tenure type 8 0.3
    Tenure Type
Census 2011, ABS
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Recent sales & rentals