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Wellington Point, QLD 4160

Home » QLD Real Estate Data » Redland City, QLD » Wellington Point, QLD 4160

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 Wellington Point, QLD 4160 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

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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 “Wellington Point, QLD 4160”

  1. The total adult population (15 years or older) of Wellington Point 4160 QLD is 10,364, with a median age of 43. Of those, 54.66% are married, 11.79% are divorced or separated, 29.42% are single and 4.18% are widowed.

    The average household size is 2.8 people per dwelling, and the median household monthly income is estimated to be $9,804. The median monthly mortgage repayment for households in this suburb is $2,037 which is 20.78% of their earnings.

    Source: ABS Census Data (2021)

  2. WELLINGTON POINT 4160, nestled in Queensland, is estimated to have an approximate total of 5409 households. The third quarter of 2023 saw average house prices sitting at a handsome $1,107,631 AUD accompanied by a median weekly rent of $626 AUD. This yielded an indicative return of 2.94%, falling just shy of the 3% minimum attractive market requirement for cashflow-centered property investors.

    Looking at socio-economic factors, the IRSAD score of WELLINGTON POINT 4160 paints a positive picture, with a score of 1047 out of 1217. This shows that the area boasts a comparatively well-off population enjoying good economic resources and accessibility.

    Diving into the rental market, the suburb exhibits a healthy balance with a renter to owner ratio of 20%; well below the threshold of 30% guiding towards the potential for sustainable, long-term returns. Moreover, the units to houses ratio is a mere 1%, indicating a lesser competition scenario amongst landlords and promoting higher potential rental yields.

    However, affordability can be a potential challenge for many families considering the area. With an affordability index of 44 years, dwelling ownership could be a daunting prospect for some, exceeding the standard 30-year mortgage period and veering into the unfavourable territory.

    Turning attention to supply metrics, WELLINGTON POINT 4160 holds a favourable position. With a stock on market Percentage for houses at a scant 0.33%, it indicates a low supply that could potentially demand higher prices. Correspondingly, the inventory level for houses also mirrors this trend at 1.07 months, illustrating a favourable low supply market stance.

    The building approvals ratio, another crucial indicator of supply, is reported as 1.06%. This value, while slightly elevated, is still under the 2% high supply threshold, suggesting a balanced growth in the housing stock.

    From a demand perspective, houses in WELLINGTON POINT 4160 have an average days on market of 70, indicating a somewhat neutral demand. The vacancy rate – covering both houses and units – sits at a neutral 1.85%, pointing to a balance between occupancy and availability. Furthermore, the buy search index for houses is 4, indicating a neutral level of purchasing demand.

    Ultimately, WELLINGTON POINT 4160 presents an attractive mix of favourable and neutral indicators in Q3 2023. While certain metrics such as affordability might be less desirable, it is essential to view the property market in its entirety; a possibly longer path to homeownership might be a worthy trade-off for the area’s strong socio-economic position and favourable supply-and-demand balance. Carefully monitoring trends and consulting tools like HtAG Analytics’ Relative Composite Score (RCS) would be prudent for potential buyers and investors alike.

    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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