Wavell Heights is a popular suburb located in the Brisbane – Greater Region of Queensland, Australia. With a median house price of $1,170,500 over the past year, this suburb is a great option for those looking to invest in the real estate market.
In the past month, there were 71 houses available for sale in Wavell Heights, and 188 were sold over the past 12 months. The median time on the market for houses in Wavell Heights was 40 days, and there were 3,336 buyers interested in properties in the area. The rental yield for houses in Wavell Heights is 3.0%, with a compound growth rate of 21.9% over the past five years.
If you’re interested in units and apartments, Wavell Heights is still a good option. The median price for units in the suburb was $430,000 over the past year, and there were 4 units available for sale in the past month. 21 units were sold over the past 12 months, and the median time on the market was 46 days. There were 255 buyers interested in units in Wavell Heights, and the rental yield for these properties is 5.1%, with a compound growth rate of 1.2% over the past five years.
Overall, Wavell Heights is a strong market for both houses and units. It’s a great place to invest in real estate, with solid compound growth rates and strong buyer demand. If you’re considering buying or renting property in Wavell Heights, there are plenty of options available to choose from.
Pure Real Estate is a specialist real estate agency that focuses on properties in Wavell Heights and the surrounding suburbs. We offer a range of services, including property management and sales, to help our clients make the most of their real estate investments. Our team of property managers and sales agents are highly knowledgeable about the Wavell Heights real estate market and are dedicated to providing exceptional service.
Curious about the Wavell Heights or Brisbane northside property market? Get a free property appraisal from Pure Real Estate and see what your property is worth.