All About Wavell Heights, Brisbane, QLD, 4012

Wavell Heights, a suburb in Brisbane, Queensland, has seen notable shifts in its housing market in recent years. Known for its predominantly post-war homes, the area has experienced an influx of modern development as gentrification takes its course, leading to an increase in house prices. With its proximity to the Brisbane CBD, approximately 10 kilometers away, and convenient access to public transport, Wavell Heights is attractive to both families and professionals. The housing market is characterized by a mix of renovated Queenslanders, contemporary homes, and townhouses. However, pricing trends indicate growth, which reflects the rising demand for properties in the area. The suburb combines the charm of an established community with the dynamism of city-adjacent living, thus creating a balanced real estate market appealing to a range of buyers.

Living in Wavell Heights offers a blend of suburban tranquility and urban convenience, making it a desirable location for many residents. The suburb is set against a backdrop of lush green spaces, including the popular Shaw Park and Marchant Park, which provide recreation opportunities and host various local events. The community is family-friendly, with multiple schools in the vicinity, like Wavell State High School and Our Lady of the Angels Catholic Primary School, which are well-regarded. Local amenities include shopping centers, cafes, and eateries, making day-to-day life comfortable and convenient. The area is also known for its community spirit, with numerous local initiatives and events fostering a sense of belonging among residents. Overall, Wavell Heights offers a peaceful residential atmosphere with easy access to the bustling life of Brisbane city, catering to those who appreciate both community living and urban accessibility.

Wavell Heights Real Estate Market Outlook

Thinking about buying in Wavell Heights? Now could not be a better time, with 5181 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,208,000 with prices in this suburb ranging from $175,000 to $6,386,000. Wavell Heights is located fairly close to the coast at just 5Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Consistent high demand relative to supply is a key feature in Wavell Heights driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Wavell Heights ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. The high percentage of professional people in Wavell Heights classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. High density population in Wavell Heights 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. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.

Instant Property Valuation

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Public Transport

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General Points of Interest

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