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Wondai, QLD 4606

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 Wondai, QLD 4606 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

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

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 “Wondai, QLD 4606”

  1. The total adult population (15 years or older) of Wondai 4606 QLD is 1,692, with a median age of 53. Of those, 44.33% are married, 15.60% are divorced or separated, 29.67% are single and 10.40% are widowed.

    The average household size is 2.1 people per dwelling, and the median household monthly income is estimated to be $5,168. The median monthly mortgage repayment for households in this suburb is $997 which is 19.29% of their earnings.

    Source: ABS Census Data (2021)

  2. Situated in Queensland, the suburb of Wondai, 4606, houses an estimated 1,380 households. As we step into Q3 of 2023, the market statistics reveal that the typical price for houses in Wondai sits at $353,100. Concurrently, the median weekly rent sits at $319, generating an attractive indicative yield of 4.7%, exceeding the minimum market requirement for cashflow-rich property investments.

    In terms of its socio-economic status, Wondai holds an IRSAD score of 872 out of 1,217, suggesting a proficient standard of economic resources, income levels, and professional qualifications amongst its residents. The renter to owner ratio is 27%, which is commendable as it’s below the 30% threshold, thus minimising the risks associated with rental market oversaturation.

    Echoing this, the units to houses ratio is significantly low at 2%, suggesting a prime market for those seeking less competition among landlords and longer tenancy periods. This advantageous market is also reflected in the Affordability Index, with residents typically able to fully own a property in 27 years, considerably below the standard 30-year timeframe.

    Moving on to supply metrics, the stock on market Percentage for houses is as low as 0.22%, indicating a favourable low supply situation. This is further supported by a promisingly low inventory level of 1.03 months, allowing the property market to readily absorb the new listings.

    Interestingly, the building approvals Ratio for houses stands at 0%, signifying low supply conditions favouring house owners. On the demand side, days on market is at 77, a number slightly high but still within the acceptable range, offering a mixed demand condition. Similarly, the vacancy rate for houses and units combined is as low as 0.8%, signifying high demand conditions favourable for property investors.

    On the flip side, the buy search index for houses stands at 3, indicating limited demand. Nonetheless, considering the overall favourable condition of the majority of other fundamental and supply metrics, the Wondai property market still presents attractive investment opportunities.

    In essence, property market statistics in Wondai reveal a predominantly favourable climate for investors, especially for those focused on houses. It’s essential to not only consider these individual metrics but also the wider market trends, as mirrored in our RCS (Relative Composite Score) metric at HtAG Analytics.

    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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