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Wandoan, QLD 4419

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 Wandoan, QLD 4419 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 

2BR

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Buy 

1BR

2BR

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Rent 

1BR

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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 “Wandoan, QLD 4419”

  1. The total adult population (15 years or older) of Wandoan 4419 QLD is 538, with a median age of 31. Of those, 36.80% are married, 10.04% are divorced or separated, 47.96% are single and 4.83% are widowed.

    The average household size is 2.3 people per dwelling, and the median household monthly income is estimated to be $5,616. The median monthly mortgage repayment for households in this suburb is $712 which is 12.68% of their earnings.

    Source: ABS Census Data (2021)

  2. Wandoan, with the postcode 4419, is a modest suburb located in Queensland, hosting an estimated 627 households. As we delve into the third quarter of 2023, the typical house prices in Wandoan 4419 sit at a moderate $263,307 with homeowners receiving a median weekly rent of $257. This gives property investors an enticing indicative yield of 5.08%, exhibiting a viable market for cashflow-focused investors.

    The socio-economic landscape of Wandoan, underlined by an IRSAD score of 875 out of 1217, indicates that the residents have a moderate degree of access to economic resources, with an average level of income and skills.

    However, the renter to owner ratio of 51% sits above the optimal range, suggesting a higher proportion of rental properties in the area, which may lead to some potential risks and could impact the long-term returns for property investors due to increased competition. On a brighter note, the units to houses ratio is low, at 6%, which is a favourable indicator, minimising landlords’ competition for tenants and aiding in maintaining higher rental yields.

    Wandoan’s affordability index stands at 18 years, which indicates that the area boasts high affordability among local residents. This figure is derived from factors such as current interest rates, median family income, and typical property prices in the area.

    In terms of supply signals, Wandoan ticks several positive boxes. The stock on market Percentage for houses is a low 0.4%, indicative of a low supply environment. This is reinforced by a slender inventory level standing at 1.71 months, which further infers robust market absorption of new listings. Furthermore, the building approvals Ratio for houses is at a negligible 0.0%, limiting the influx of new supply in the market.

    However, the market demonstrates a discernible lag in demand as suggested by the ‘Days on Market’ indicator for houses, which is a tad high at 64 days. Additionally, the vacancy rate – representing both houses and units – is 1.58%, which isn’t breaching the higher end but tends towards a neutral indication of demand. The buy search index for houses is 3, signifying restricted yet still present demand for housing in Wandoan.

    In summary, despite some minor hiccup with the slightly sluggish demand, the Wandoan property market looks to be an appealing option for property investors in the Q3, 2023, particularly those looking for cashflow-positive properties supplemented by the favourable supply metrics in the market. Investors are advised to keep an eagle eye on these local property market trends to ensure they’re making data-driven decisions.

    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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