Suburb Profile Report for Wellington Point QLD (4160)

Wellington Point House: Median price $620,000, Annual capital growth 2.24%, Number of sales 179, Weekly median advertised rent $525

Wellington Point Unit: Median price $440,000, Annual capital growth 2.65%, Number of sales 21, Weekly median advertised rent $408

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

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Giving property investors a an average capital gain of -0.28% for the last year, Wellington Point, 4160 is the 1737th highest performer in Australia in this respect.

Over the longer term, Wellington Point has seen property prices show investors a 4.42% return over the last 3 years. This is worse than over the last 12 months

Vendor discounting in Wellington Point is giving property investors an average Vendor Discount of around -5.59%. This puts suburb at number 502th in QLD when ranking the most discounted suburbs.

Situated 20.97km from the CBD, Wellington Point is one of Redland (C) localities in the postcode 4160.

At number 1128th in the list of Australian suburbs ordered by increase in median house value over the last year, Wellington Point, 4160 is in the BOTTOM 30% with a property value increase of -8.33% recorded in median house prices.

Wellington Point,4160 has offered an average of -8.33% return per annum in house price rises to property investors over the last three years.

Sellers are offering property buyers an average discount of -5.76% to buyers in Wellington Point at the moment, which is less than average for the rest of QLD.

At number 945 in a list of fastest selling suburbs, Wellington Point is in the bottom 30% of suburbs in Australia with an average of days on market 93.4737 for properties listed there.

Metrics i HOUSE UNIT
$620,000 $440,000
0.81% 6.15%
-0.28% -8.33%
2.24% 2.65%
$525 $408
179 21
4.40% 4.82%
65.0294117647059 93.4736842105263

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Above average (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