If you compare the increase in value of investment property in Wavell Heights, 4012 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 17.33%.
If we look at median property appreciation over just the last three months, Wavell Heights has given property investors a paper return of 5.78%. This puts Suburb as 284 on a list of fastest fasting appreciating suburbs in QLD
Our latest figures would indicate that property sellers in Wavell Heights are currently offering property investors an average price cut of -5.03% below the asking price at the moment.
Wavell Heights, 4012’s gross rental yield is 2.95%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Wavell Heights has fallen somewhat when compared to the 5 year average annual rate.
Advertised rents are around the $350 mark per week – giving a return of 4.75% based on the median price in Suburb