Wacol (postcode 4076) is a compact suburb in Queensland within the Brisbane local government area. It is home to about 4,253 residents, with a mix of young professionals and families and a median age of 35. Households earn a median income of $72K per year, with an average household size of 2.4 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +1.6% year-on-year at the LGA level. QLD employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. QLD also had 32 Commonwealth-backed major projects under construction, 12 underway, and 50 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are technicians & trades, clerical & administrative, labourers. Employment in the area leans toward manufacturing and healthcare. The top ancestries reported are Australian, English, Aboriginal Australian.
Median house prices in Wacol stand at $600,000, having climbed sharply by 16.3% over the last twelve months. Units have a median price of $423,000 (+24.6% YoY). The current median weekly rent is $385. This gives a gross rental yield of approximately 3.3%. The median monthly mortgage repayment is $1,387.
Wacol is served by 2 schools, including 1 primary, 1 special. The average ICSEA score is 868, which is well below the national average of 1,000. Public transport access includes 2 rail stations, 11 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Brisbane LGA is moderate at 6,340 incidents per 100,000 population.
On the investment side, The gross rental yield works out to roughly 3.3%, which reads as moderate yield. Property prices sit below the state median ($600K/$1.1M), which can point to relative value. The price-to-income ratio of 8.4x is considered moderate. House prices have moved +16.3% year-on-year. Population growth of +1.6% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.