Wellington Point is a well-established suburb in Queensland within the Redland local government area (postcode 4160). With a population of 12,661, the suburb has 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. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Wellington Point is $1.1 million, having surged 19.2% over the past year. Units have a median price of $633,000 (+17.1% YoY). The current median weekly rent is $770. 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 3,545 incidents per 100,000 population.
From an investment perspective, Wellington Point offers a gross rental yield of 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.
Wellington Point is a well-established suburb in Queensland within the Redland local government area (postcode 4160). With a population of 12,661, the suburb has 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. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Wellington Point is $1.1 million, having surged 19.2% over the past year. Units have a median price of $633,000 (+17.1% YoY). The current median weekly rent is $770. 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 3,545 incidents per 100,000 population.
From an investment perspective, Wellington Point offers a gross rental yield of 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.