Thinking about buying in Wacol? Now could not be a better time, with 1240 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $689,000 with prices in this suburb ranging from $272,000 to $3,357,000. The aproximate distance to the coast is 26 Km.
Median Weekly Rent | $290.00 |
Median Monthly Mortgage | $1351.50 |
Median Persons Per Bedroom | 0.75 |
Average Household Size | 2.50 |
Average Age | 37.00 |
Average Income | $649.50 |
Average Cars Per Dwelling | 1.58 |
Average Properties Within 50M | 10 |
1 Bed  $529,000 |
2 Bed  $1,714,000 |
3 Bed  $649,000 |
4 Bed  $743,000 |
5 Bed  $778,000 |
6 Bed+$529,000 |
In Wacol there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Low average incomes in Wacol is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. The slightly lower than average earnings from occupations in Wacol changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. High density population in Wacol requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. Lower than average industry presence in Wacol we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Wacol a better buying opportunity than it may have been in the past.
50 MONTEREY ST, WACOL, QLD, 4076 | 3 | 2 | 1 | * Under Contract * |
Carole Park State School
Brisbane Youth Education and Training Centre
Middle Park State School
St Francis Xavier's School
Goodna State School
Our Lady of the Sacred Heart Catholic Primary School
Darra State School
Good News Lutheran School
Goodna Special School
Jamboree Heights State School
(While the above schools are located with the suburb of Wacol there may also be nearby schools whose catchments cover this suburb)Incidents Trend State Average
(mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
---|---|---|---|---|---|---|---|
Jan | 5.8 | 21.0 | 30.6 | 50.4 | 89.6 | 4.1 | 22.8 |
Feb | 6.5 | 20.6 | 30.4 | 50.8 | 89.4 | 3.9 | 20.6 |
Mar | 5.1 | 19.5 | 29.8 | 50.0 | 90.9 | 3.5 | 17.8 |
Apr | 2.4 | 15.6 | 27.2 | 47.4 | 91.7 | 3.0 | 16.5 |
May | 1.7 | 11.6 | 24.1 | 45.3 | 91.0 | 2.8 | 14.1 |
Jun | 1.4 | 9.6 | 21.7 | 48.1 | 92.0 | 2.8 | 12.2 |
Jul | 0.7 | 8.4 | 21.9 | 41.9 | 90.2 | 2.9 | 13.2 |
Aug | 0.6 | 8.5 | 24.2 | 33.0 | 88.8 | 3.2 | 16.2 |
Sept | 0.7 | 11.7 | 26.4 | 35.0 | 89.0 | 3.6 | 19.8 |
Oct | 2.8 | 14.9 | 27.5 | 41.8 | 90.0 | 3.8 | 22.1 |
Nov | 1.5 | 17.9 | 29.7 | 41.2 | 86.6 | 4.2 | 26.0 |
Dec | 3.9 | 19.7 | 30.3 | 46.9 | 88.4 | 4.1 | 24.4 |
source: Australian Government Bureau of Meteorology
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