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Wakerley suburb profile

Wakerley is a quiet bayside suburb in Brisbane's eastern suburbs, set around tidal creeks and close to Moreton Bay. It has a relaxed, family-oriented character with tree-lined streets and mostly lowset detached homes, while pockets of waterfront housing provide direct access to the water. Residents enjoy riverside reserves, walking and cycling routes and opportunities for boating and fishing, with local shops for everyday needs and larger shopping and dining precincts a short drive away. The suburb is primarily residential and appeals to families and professionals who want a peaceful, water-focused lifestyle while remaining connected to the wider bayside and city.

Wakerley property market performance

Current median dwelling price$1,246,750Past 3 months

Property growth-19.2%Past 12 months

Wakerley has relatively few unit sales, so there isn't enough recent data to publish a reliable median unit price. On the house side, house values have risen sharply, up 12.7% over the last 12 months to a median house price of $1.865 million. Available figures show unit values fell sharply, down 51.0% over the last 12 months.

There were 10 house sales in the past 3 months, and houses sold in a median of 20 days.

The rental market in Wakerley saw house rents rise a solid 7.6% over the last 12 months, taking the average house rent to $850 a week.

HousesUnits
Median price
Past 3 months
$1.86MN/A
Change in value
Past 12 months
12.7%-51.0%
Sold
Past 3 months
10N/A
Median days on market
Past 12 months
20N/A
Average rent
Past 12 months
$850N/A
Change in rent
Past 12 months
7.6%N/A

5 year median price trend for houses and units

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Wakerley demographics

The community has 8,718 residents, a median age of 37 and a median household income of $2,952 a week, roughly $153,500 a year.

Household composition is family-heavy. Couple families with children are the largest group at 61.4% of families, and together with couple families without children (26.7%) they make up 88.1% of families. One-parent families account for 11.5% and other families 0.4%.

In Wakerley, homes are predominantly owner-occupied: just under four in five households (78.0%) are owner-occupied, split between 55.9% with a mortgage and 22.1% owned outright, while 22.1% of homes are rented.

Wakerley infrastructure, key developments and investment opportunities

Wakerley has a state-approved build-to-rent housing project on church land that will deliver 44 homes; the development approval was announced by the Queensland Government on 1 April 2025 and the homes are to be managed by a registered community housing provider.

The suburb was also named in the Homes for Queenslanders State Facilitated Development pilot list published on 23 September 2024, which identified a Wakerley project of roughly 45 homes for fast-tracked assessment under the SFD pathway; the SFD process requires declared projects to be substantially underway within two years of approval.

Suburbs near Wakerley

Some popular suburbs near Wakerley include:

  • Gumdale: Established suburb with tree-lined streets and remaining acreage blocks.
  • Manly West: Leafy bayside suburb with parks and access to nearby foreshore areas.
  • Chandler: Semi-rural suburb with bushland pockets and larger residential lots.
  • Tingalpa: Established suburb centred on creekside reserves and mixed housing styles.
  • Belmont: Semi-rural suburb on the urban fringe, known for rolling hills and acreage.

How does Wakerley compare to nearby suburbs?

  • Median house prices: Wakerley’s median house price is 43.5% higher than Manly West’s.
  • House price growth: Over the past 12 months, house prices in Wakerley have grown 1.7% higher than in Gumdale.
  • Unit price growth: Property prices in nearby Manly West have risen 76.6% more than in Wakerley over the past year.
  • Selling speed for houses: Properties in Wakerley are selling 4.8% faster than in Gumdale.
  • House price growth: Over the past 12 months, house prices in Wakerley have grown 29.2% higher than the average rate of growth across Brisbane.
  • Unit price growth:Over the past 12 months, unit prices in Wakerley have grown 55.0% lower than the average rate of growth for units across Brisbane.

Common questions about Wakerley

  • Is Wakerley a nice place to live?

    Wakerley is a quiet bayside suburb set around tidal creeks and close to Moreton Bay. It has a relaxed, family-oriented character with tree-lined streets and mostly lowset detached homes, while pockets of waterfront housing provide direct water access. Residents use riverside reserves, walking and cycling routes and there are opportunities for boating and fishing. Local shops cover everyday needs and larger shopping and dining precincts are a short drive away, so it will suit families and professionals seeking a peaceful, water-focused lifestyle with links to the wider bayside and city.

    The community has 8,718 residents, a median age of 37 and a median household income of $2,952 a week. Households are weighted towards couples, particularly couple families with children, and about 78.0% of homes are owner-occupied. There are also planned housing projects, including a state-approved build-to-rent development of around 44 homes managed by a registered community housing provider, and a separate state-facilitated project of roughly 45 homes under fast-tracked assessment.

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  • Is it expensive to live in Wakerley?

    Buying a house in Wakerley sits well above local incomes at the last Census: the median house price of $1,865,000 is about 12.1 times a typical local household's annual income as recorded at the most recent Census, which puts buying well above what people locally earned then. Renting a house at around $850 a week would take roughly 28.8% of a typical local household's weekly income at the last Census, a moderate share, so on these figures renting looks more manageable than buying.

    Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

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  • Is Wakerley a good place to invest?

    Over the last 12 months in Wakerley, median house values rose 12.7% while house rents increased 7.6%, so for houses capital growth outpaced rental income this year. Median unit values fell sharply, down 51.0% over the same period.

    Which of those movements matters most depends on your priorities and circumstances.

    This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

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Choose the right real estate agents in Wakerley

Currently, there are 54 real estate agents working in Wakerley—but not all agents deliver the same results. The right agent could make a huge difference to your final sale price.

Only 5 out of these 54 agents sold 50.4% of all properties in Wakerley over the past year. Choosing one of these top-performing agents means tapping into proven expertise for a better sale outcome.

Real estate agents in Wakerley typically charge a commission of 2.62% to 3.13%. Negotiating a fair commission rate and the right structure can motivate your agent to work even harder, helping you sell for more and potentially saving you thousands of dollars.

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