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Wheeler Heights, NSW 2097

Home » NSW Real Estate Data » Northern Beaches Council, NSW » Wheeler Heights, NSW 2097

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Wheeler Heights, NSW 2097 located in Sydney to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

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Rent 

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Yield 

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Buy 

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Rent 

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Wheeler Heights, NSW 2097”

  1. The total adult population (15 years or older) of Wheeler Heights 2097 NSW is 2,511, with a median age of 40. Of those, 56.59% are married, 8.68% are divorced or separated, 30.27% are single and 4.54% are widowed.

    The average household size is 3.2 people per dwelling, and the median household monthly income is estimated to be $12,196. The median monthly mortgage repayment for households in this suburb is $3,198 which is 26.22% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Wheeler Heights, closely nestled within NSW, is home to an estimated 1049 households. As we took a snapshot of the housing market in the third quarter of 2023, the typical prices for houses in Wheeler Heights sat on an average of $2,061,098, with the median weekly rent roughly about $1014. This equates to an indicative yield of approximately 2.56%, a margin that may not be favorably seen by keen property investors focused on cash flow.

    Wheeler Heights paint a picturesque socio-economic tableau, boasting an IRSAD score of 1127 out of 1217, pointing towards the affluent quality of life, ample economic resources, and a strong current of professional opportunities within the suburb.

    In addition to its socio-economic appeal, Wheeler Heights is also complemented by a renter to owner ratio of just 15% and a unit to house ratio of 9%. These percentages, being well under the 30% mark for the former and 50% for the latter, indicate a market that holds an allure for long-term tenants, generally families, and runs a lower risk of oversaturation by rental properties.

    However, potential buyers might find themselves halted by the affordability index which stands at cutting 66 years. This figure underscores the challenges for homeownership in this affluent suburb, particularly for average buyers.

    From a supply perspective, Wheeler Heights exhibits favourable traits. The stock on market Percentage for houses is 0.23%, indicating a low supply market. Its inventory level for houses sits at 0.83 months, which suggests a swift absorption rate of new listings. The suburb also saw a low building approvals Ratio of 0.11%, pointing towards a limited supply of new dwellings.

    In light of demand metrics, homes in Wheeler Heights are snapped up quickly, with an average of 8 Days on Market. The low vacancy rate of 0.64% suggests a market thriving on high demand with limited supply – a great sign for those looking to invest or sell their property in this area. Even so, the buy search index attains a neutral value of 4. This suggests an average level of buyer interest in the suburb, likely due to the affordability challenge.

    In conclusion, Wheeler Heights properties can make an attractive investment due to favourable supply and demand metrics. However, the high affordability index can pose a challenge. Always remember to explore the data further before making an informed decision.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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