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Wavell Heights, QLD 4012

Home » QLD Real Estate Data » Northern Brisbane, QLD » Wavell Heights, QLD 4012

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 Wavell Heights, QLD 4012 located in Brisbane 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.

Buy 

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Rent 

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Yield 

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Buy 

1BR

2BR

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Rent 

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Yield 

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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 “Wavell Heights, QLD 4012”

  1. The total adult population (15 years or older) of Wavell Heights 4012 QLD is 8,127, with a median age of 37. Of those, 48.97% are married, 10.34% are divorced or separated, 37.25% are single and 3.47% are widowed.

    The average household size is 2.7 people per dwelling, and the median household monthly income is estimated to be $12,372. The median monthly mortgage repayment for households in this suburb is $2,450 which is 19.80% of their earnings.

    Source: ABS Census Data (2021)

  2. Wavell Heights, a suburb located in the state of Queensland (QLD), is home to approximately 4460 households. By the third quarter of 2023, analysis reveals some interesting figures about the local property market. The typical prices for houses stand at $1,316,926 with the median weekly rent at $619. This equates to an indicative yield of just 2.44%, undershooting the ideal yield minimum of 3% for cash flow-centric property investors.

    Diving into the socio-economic foundation of the suburb, it showcases an impressive IRSAD score of 1103 out of 1217. This score indicates the local population enjoy a good socio-economic status with broad economic resources at their disposal. Much of the suburb’s resident population are property owners with the renter to owner ratio standing as 27%—a value below the 30% preference, suggesting a good balance and leveraging the appeal of the neighbourhood.

    In terms of property types within the area, it’s important to consider the units to houses ratio, in Wavell Heights this stands at 6%. This low percentage infers a strong presence of houses in the suburb and minimal competition among landlords for tenants, potentially aiding in maintaining elevated rental yields.

    However, it’s worth noting the suburb’s affordability index which comes in at 42 years – a value that exceeds the less favourable bracket of 31 years and above, indicating less affordable housing options.

    Taking into account the supply metrics, the suburb portrays a promising picture with a stock on market Percentage for houses at just 0.31% indicating lower supply levels, while the inventory level for houses holds at 1.01 months – consistent with favourable supply market conditions. Minimal new potential competition is observed too, with building approvals Ratio for houses resting at 1.99%, below the unfavourable 2% mark.

    A deeper look into Wavell Heights’ demand metrics shows the suburb has a days on market figure for houses at 36, slightly above the high-demand indicator. The vacancy rate (a combination of houses and units) stands at 1.89%, hitting just inside the neutral demand bracket, further bolstered by the buy search index for houses marked at medium-demand level of 5.

    To sum it up, Wavell Heights showcases some strong foundations as a potential investment hotspot within the housing market, but as always, understanding the broader market developments and individual property investment goals is vital. It’s reassuring to note that our Relative Composite Score (RCS) takes into account over 80 metrics, providing a detailed and comprehensive analysis of the market.

    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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