Suburb Profile Report for Wellington Point QLD (4160)

Wellington Point House: Median price $615,000, Annual capital growth 4.25%, Number of sales 235, Weekly median advertised rent $495

Wellington Point Unit: Median price $390,500, Annual capital growth 4.35%, Number of sales 39, Weekly median advertised rent $400

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

Source: CoreLogic

  • House Report
  • Unit Report

Wellington Point, 4160 ranked 152th in QLD when comparing growth in median property values or capital gain over the last 12 months. Wellington Point is one of 2415 in our list for QLD

When looking at the potential capital gains offered to property investors over the last 3 years, Wellington Point comes in at number 254th in QLD.

LACK OF BUYER INTEREST may well be the reason that Wellington Point is offering property investors an average of -7.32. This rate of discount on properties puts Suburb at number 721th in terms of most discounted suburbs in QLD

In the last year 235 properties changed hands in Wellington Point, which puts it as the 39th most active market in QLD when comparing the number of sales per suburb.

Wellington Point is in the bottom 10% in QLD when comparing median price capital growth over the last year. Wellington Point gave property investors a dismal capital gain figure when compared to the rest of the state, with -14.16%.

If we look at median property appreciation over just the last three months, Wellington Point has given property investors a paper return of -1.82%. This puts Suburb as 254 on a list of fastest fasting appreciating suburbs in QLD

Property investors looking for a bargain in Wellington Point should be aiming for at least -7.16% off the asking price, which is the average vendor discount being achieved at the moment.

On average over the past year, suburb has had 3.25 sales per month, which equates to 39 per year.

Property investors should expect to get $400 weekly from the median priced house in this suburb.

Metrics i HOUSE UNIT
$615,000 $390,500
2.67% -1.82%
9.58% -14.16%
4.25% 4.35%
$495 $400
235 39
4.19% 5.33%
58.32 93.34

Source: CoreLogic

DSR Score for property investment : Balanced (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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