Wellington Point is a settled mid-to-large suburb in Queensland within the Redland local government area (postcode 4160). The area has roughly 12,661 residents and an established demographic, with a median age of 43. Households earn a median income of $114K per year, with an average household size of 2.8 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +1.7% 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 professionals, managers, clerical & administrative. Employment in the area leans toward healthcare and construction. The top ancestries reported are English, Australian, Irish.
The median house price in Wellington Point is $1.1 million, having jumped by 19.2% over the past year. Units have a median price of $633,000 (+17.1% YoY). The current median weekly rent is $780. This gives a gross rental yield of approximately 3.5%. The median monthly mortgage repayment is $2,037.
Wellington Point is served by 3 schools, including 1 primary, 1 secondary, 1 combined. The average ICSEA score is 1039, which is around the national average of 1,000. Public transport access includes 2 rail stations, 41 bus stops. The crime rate in the Redland LGA is below average at 3,602 incidents per 100,000 population.
Looking at the investment signals, Wellington Point shows a gross rental yield of approximately 3.5%, rated as moderate yield. Property prices are near the state median ($1.1M/$1.1M). The price-to-income ratio of 10.1x is considered stretched. House prices have moved +19.2% year-on-year. Population growth of +1.7% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.