Suburb Profile Report for Wellington Point QLD (4160)

Wellington Point House: Median price $720,000, Annual capital growth 3.02%, Number of sales 235, Weekly median advertised rent $530

Wellington Point Unit: Median price $452,500, Annual capital growth 4.01%, Number of sales 32, Weekly median advertised rent $435

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

Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

QLD has seen average median house prices change by 12.16% which means that Wellington Point, 4160 has done well for property investors by showing a capital gain of 10.77% over the last year

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Wellington Point has increased when compared to the 5 year average annual rate.

Property investors looking for a bargain in Wellington Point should be aiming for at least -4.10% off the asking price, which is the average vendor discount being achieved at the moment.

In the last year 235 properties changed hands in Wellington Point, which puts it as the 75th most active market in QLD when comparing the number of sales per suburb.

Situated 20.96km from the CBD, Wellington Point is one of Redland (C) localities in the postcode 4160.

Property value increases in Wellington Point have tracked lower than the QLD average of 8.71% over the last 12 months.

If we look at median property appreciation over just the last three months, Wellington Point has given property investors a paper return of -0.55%. This puts Suburb as 318 on a list of fastest fasting appreciating suburbs in QLD

Wellington Point4160 is located in QLD which offers an average discount of -4.64% to property investors. Wellington Point itself is showing figures that indicate -3.72% is the average achievable by property buyers investing in the suburb.

Residents and property investors in Wellington Point have been waiting around 54.5833 days to sell a property.

Renters in Suburb are facing rents around $22620 per annum or $435 every week.

Metrics i HOUSE UNIT
$720,000 $452,500
5.11% -0.55%
10.77% -1.63%
3.02% 4.01%
$530 $435
235 32
3.83% 5.00%
45.8042328042328 54.5833333333333

Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Very good (U), Very good (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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