Suburb Profile Report for Wellington Point QLD (4160)

Wellington Point House: Median price $615,000, Annual capital growth 3.75%, Number of sales 226, Weekly median advertised rent $498

Wellington Point Unit: Median price $395,250, Annual capital growth 4.24%, Number of sales 33, Weekly median advertised rent $410

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

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of 8.08% for the last 12 months, Wellington Point, 4160 has performed for property investments than its average annual 3.75% property growth over the last 5 years.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Wellington Point has increased when compared to the 5 year average annual rate.

Sellers are offering property buyers an average discount of -4.57% to buyers in Wellington Point at the moment, which is less than average for the rest of QLD.

Residents and property investors in Wellington Point have been waiting around 61.44 days to sell a property.

Property investors should expect to get $497.5 weekly from the median priced house in this suburb.

Over the last year, property investments in Wellington Point, 4160 have given investors a capital gain of -11.18%. This compares very badly with the 0.66% for QLD as a whole.

Wellington Point,4160 has offered an average of -11.18% return per annum in house price rises to property investors over the last three years.

Our latest figures would indicate that property sellers in Wellington Point are currently offering property investors an average price cut of -5.69% below the asking price at the moment.

Often selling an investment property can take time, and in Wellington Point the average time real estate has been on the market is 94.88 days.

Property investors should expect to get $410 weekly from the median priced house in this suburb.

Metrics i HOUSE UNIT
$615,000 $395,250
0.00% 4.01%
8.08% -11.18%
3.75% 4.24%
$498 $410
226 33
4.21% 5.39%
61.44 94.88

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (H)
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Demographics
Total population 11787
Median household income ($/weekly) 1733
Median age of persons 39
Median housing loan repayment ($/monthly) 2048
Average household size 2.9
  • Census Count Percent(%)
    5-14 years 1815 15.4
    25-34 years 1033 8.8
    35-44 years 1799 15.3
    45-54 years 2080 17.6
    55-64 years 1424 12.1
    Others 3636 30.8
    Age Group
    Census Count Percent(%)
    Registered Married 4850 56.4
    Not Married 3038 35.3
    Defacto Relationship 709 8.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 8615 76.0
    Papua New Guinea 600 5.3
    South Africa 206 1.8
    United Kingdom 1091 9.6
    Other 295 2.6
    Others 535 4.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 72 0.7
    Christianity 8398 77.1
    Hinduism 29 0.3
    Other Religious Groups 103 0.9
    No Religion 2267 20.8
    Others 29 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 279 8.0
    $1,500-$1,999 531 15.2
    $2,000-$2,499 435 12.4
    $2,500-$2,999 440 12.6
    $3,000-$3,499 294 8.4
    Others 1516 43.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3983 44.5
    Not in the labour force 2430 27.1
    Employed, worked part-time 1930 21.5
    Unemployed, looking for work 310 3.5
    Employed, away from work 304 3.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 857 13.8
    Professionals 1217 19.6
    Technicians & trades workers 943 15.2
    Clerical & administrative workers 1115 17.9
    Sales 651 10.5
    Others 1434 23.1
    Occupation
    Census Count Percent(%)
    Pre-school 140 4.5
    Infants/Primary 1237 40.2
    Secondary 917 29.8
    Technical or Further Educational Institution 263 8.5
    University or other Tertiary Institutions 459 14.9
    Others 64 2.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 10722 95.8
    Flat, unit or apartment 238 2.1
    Semi-detached, row or terrace house, townhouse 232 2.1
    House or flat attached to a shop, office 3 0.0
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1816 46.9
    Fully owned 1202 31.1
    Rented 845 21.8
    Other tenure type 7 0.2
    Tenure Type
Census 2011, ABS
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