Wavell Heights Real Estate: Why it is a great place to live!

Wavell Heights Real Estate: Why it is a great place to live!

Wavell Heights is a peaceful and charming suburb located in the northern region of Brisbane, Queensland, Australia. The area is characterized by leafy streets, beautiful parks, and excellent residential properties. It has a great mix of old and new homes, with many of the older properties having been renovated to accommodate modern lifestyles. The suburb is well-serviced by public transport, making it easy to travel to other parts of the city. The community is friendly and tight knit, with a strong sense of local pride. There are plenty of local amenities, including shops, cafes, and restaurants, which make Wavell Heights a fantastic place to call home.

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Suburb overview:

The suburb covers an area of approximately 4.1 square kilometres and is primarily residential, with a mix of old and new homes. There are also several parks located throughout the suburb, including Kalinga Park, which is a popular spot for families and features playgrounds, picnic areas, and walking trails.

In terms of education, there are several excellent schools in Wavell Heights, including Wavell State High School, which is a popular and well-regarded school in the area. There are also several primary schools, including Wavell Heights State School, St. Anthony’s Catholic Primary School, and St. Pius V Catholic Primary School.

Wavell Heights Real Estate Trends:

Wavell Heights has experienced significant growth in its real estate prices in recent years. The suburb is characterized by a mix of old and new homes, prices reached a pretty lofty peak in 2022. Now that the market has come off the boil and returned to a more balanced real estate market prices have sunk slightly by 1-2%.

Traditionally, Wavell Heights real estate market has experienced a steady increase in home prices, with prices rising by approximately 4% per year on average. The market is particularly competitive, and homes are selling relatively quickly, especially those that are well-maintained and have modern amenities. The Median house price in Wavell Heights now is $1,026,000 and for units it is $447,000.

Wavell Heights Real Estate Statistics

In terms of rental prices, the median weekly rent for a house in Wavell Heights is around $620 AUD, while the median rent for a unit is around $425 AUD. Rental prices in the suburb have also experienced an upward trend in recent years, with rental prices increasing by around 3% per year on average.

There are many great reasons to live in Wavell Heights, but here are the top five:

Great Real Estate: Wavell heights is a very good family suburb on the north side. It has a lot of high quality and expensive real estate and borders other high quality suburbs like Kalinga. For these reasons it is a safe investment as the population grows it will only bring more people to the area pushing up prices.

Great location: Wavell Heights in north Brisbane, which makes it easily accessible to other parts of the city. The suburb is also in close proximity to the Brisbane Airport and the Gateway Motorway, making it convenient for those who need to travel frequently.

Excellent schools: Wavell Heights is home to several excellent schools, including Wavell State High School and several reputable primary schools. This makes it an ideal location for families with school-aged children.

Beautiful parks: The suburb boasts several beautiful parks, including Kalinga Park, which has walking trails, picnic areas, playgrounds, and sporting facilities. These parks are great places to enjoy the outdoors and spend time with family and friends.

Strong community: Wavell Heights has a strong sense of community, with many local events and activities taking place throughout the year. The community is friendly and welcoming, making it easy to feel at home.

Overall, the real estate market in Wavell Heights is strong, and properties in the area are highly sought after due to the suburb’s desirable location, excellent schools, and access to local amenities. While prices may be higher than in some other parts of Brisbane, the investment is often considered worthwhile for those looking for a high-quality lifestyle in a well-established community.