Median House Price: $980k
Current Yield (houses): 3.2%
Average annual growth (houses): 4.4%
Median Unit Price: $525k
Current Yield (units): 3.5%
Average annual growth (units): 4.4%
The suburb of Wilston is situated a snug 8.1km from Brisbane’s central business district and it is in ideal proximity to all that the Sunshine Coast has to offer for a weekend escape. Frequent travellers are also provided ease of access to Brisbane airport, located only 13km away.
According to Jeremy Sheppard, head of research at DSRdata.com.au and LocationScore, the last three years have seen houses in Wilston start to steadily sell off the market quicker.
“Selling times have dropped from about two and a half months to one and a half months over that time,” he shares.
“It’s a similar story with vacancy rates, but even more dramatic. They peaked at over 3% in early 2017. Towards the end of 2019 they’d come down to around 1%.”
There has also been an increase in rents, having hiked up by 7% from September 2018, Sheppard adds.
Director of Metropole Property Strategists, Michael Yardney, shares that the suburb sustains an attractive community spirit, and has strong school catchments and a popular café strip.
“This suburb already has a real community spirit with a very strong school catchment and café strip that locals flock to. It has really gentrified over the last few years too, with old workers cottages and well-built established apartments replaced with bigger, modern contemporary homes.”