Wavell Heights is a well-established suburb in Queensland within the Brisbane local government area (postcode 4012). With a population of 10,336, the suburb has a mix of young professionals and families with a median age of 37. Households earn a median income of $136K per year, with an average household size of 2.7 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Wavell Heights is $1.3 million, having grown strongly 5.9% over the past year. Units have a median price of $615,000 (+15.3% YoY). The current median weekly rent is $700. This gives a gross rental yield of approximately 2.9%. The median monthly mortgage repayment is $2,450.
Wavell Heights is served by 3 schools, including 2 primary, 1 secondary. The average ICSEA score is 1037, which is around the national average of 1,000. Public transport access includes 74 bus stops. The crime rate in the Brisbane LGA is moderate at 6,244 incidents per 100,000 population.
From an investment perspective, Wavell Heights offers a gross rental yield of 2.9%, rated as low yield. Property prices are near the state median ($1.3M/$1.1M). The price-to-income ratio of 9.2x is considered moderate. House prices have moved +5.9% year-on-year.
Wavell Heights is a well-established suburb in Queensland within the Brisbane local government area (postcode 4012). With a population of 10,336, the suburb has a mix of young professionals and families with a median age of 37. Households earn a median income of $136K per year, with an average household size of 2.7 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Wavell Heights is $1.3 million, having grown strongly 5.9% over the past year. Units have a median price of $615,000 (+15.3% YoY). The current median weekly rent is $700. This gives a gross rental yield of approximately 2.9%. The median monthly mortgage repayment is $2,450.
Wavell Heights is served by 3 schools, including 2 primary, 1 secondary. The average ICSEA score is 1037, which is around the national average of 1,000. Public transport access includes 74 bus stops. The crime rate in the Brisbane LGA is moderate at 6,244 incidents per 100,000 population.
From an investment perspective, Wavell Heights offers a gross rental yield of 2.9%, rated as low yield. Property prices are near the state median ($1.3M/$1.1M). The price-to-income ratio of 9.2x is considered moderate. House prices have moved +5.9% year-on-year.