Suburb Profile Report for Wellington Point QLD (4160)

Wellington Point House: Median price $637,500, Annual capital growth 2.13%, Number of sales 195, Weekly median advertised rent $525

Wellington Point Unit: Median price $457,500, Annual capital growth 3.37%, Number of sales 17, Weekly median advertised rent $400

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

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Property value increases in Wellington Point have tracked just higher than the QLD average of 1.17% over the last 12 months.

Over the longer term, Wellington Point has seen property prices show investors a 4.51% return over the last 3 years. This is worse than over the last 12 months

The most recent median price for Wellington Point is $637500, with sellers offering an average of -4.72% off the asking price.

In the last year 195 properties changed hands in Wellington Point, which puts it as the 55th most active market in QLD when comparing the number of sales per suburb.

A $525 per week rent on the median house gives suburb investors a gross yield of circa 4.28%, without taking into account capital value appreciation, which has been averaging out at 2.13%.

Over the last year, property investments in Wellington Point, 4160 have given investors a capital gain of 8.93%. This compares very favourably with the 0.65% for QLD as a whole.

Comparing Wellington Point,4160 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period

Sellers are offering property buyers an average discount of -4.82% to buyers in Wellington Point at the moment, which is less than average for the rest of QLD.

Wellington Point is 304th on a list of best yielding suburbs for rents in QLD with a 4.55% return

Metrics i HOUSE UNIT
$637,500 $457,500
-0.39% 6.40%
2.82% 8.93%
2.13% 3.37%
$525 $400
195 17
4.28% 4.55%
62.5764705882353 90.625

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Good (U)
Find a mortgage broker in Wellington Point QLD
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
Chart Table