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Wandal, QLD 4700

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 Wandal, QLD 4700 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 

2BR

3BR

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5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

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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 “Wandal, QLD 4700”

  1. The total adult population (15 years or older) of Wandal 4700 QLD is 3,302, with a median age of 40. Of those, 37.95% are married, 14.51% are divorced or separated, 39.85% are single and 7.69% are widowed.

    The average household size is 2.3 people per dwelling, and the median household monthly income is estimated to be $7,952. The median monthly mortgage repayment for households in this suburb is $1,300 which is 16.35% of their earnings.

    Source: ABS Census Data (2021)

  2. Wandal 4700 is a suburb within Queensland, containing approximately 1976 households. As of the third quarter in 2023, the average price for houses in Wandal is $383,508 AUD, with a median weekly rent of $434. These metrics result in an enticing indicative yield of 5.88%.

    The socio-economic status of Wandal, reflected in its IRSAD score of 940 out of 1217, suggests a high degree of access to economic resources and skilled professions among its residents. The ratio of renters to homeowners in the suburb stands at 32%, indicating a balanced property market. This lessens the risk of oversaturation with rental properties and maintains the appeal and ‘vibe’ of the community.

    Furthermore, Wandal’s units to houses ratio at a meagre 1% suggests more houses than units, which is typically favourable to property investors due to less competition among landlords and the likelihood of attracting longer tenancy periods. This lower ratio also curtails any potential risk of price drops due to an oversupply of units.

    Houses in Wandal are also highly affordable, with the ‘Years to Own’ metric standing at just 19 years, well below the benchmark of 31 years. This suggests that the properties in this suburb are well within the reach of most families’ current income and property prices, making it an even more attractive market.

    Supply metrics in Wandal present a favorable picture too. The stock on market Percentage stands at a low 0.32%, indicating a scarcity of unsold stock. The inventory rate for houses is also low at 0.56 months, signifying a rapid absorption of new listings into the market. building approvals are also at a low, with a ratio of only 0.11%, indicating low future supply and less risk of oversupply.

    In terms of demand metrics, Houses stay around 36 Days on the Market, indicating a healthy level of demand in the suburb. The vacancy rate is at a moderate 2.49%, aligned with the national average and suggesting a neutral demand environment. Lastly, a buy search index of around 5 indicates an average level of interest from potential buyers compared to state/city averages, maintaining a stable demand scenario.

    Like all property markets, it’s essential to keep a close eye on the trends and changes within Wandal. Despite some favourable and neutral metrics, investors should always remain vigilant and conduct their due diligence, especially as market conditions can change. Remember, the Relative Composite Score (RCS) devised by HtAG Analytics assists investors by automating this research process, using over 80 metrics to provide a comprehensive picture of potential investment opportunities.

    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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