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Wavell Heights suburb profile

Wavell Heights is an established inner-north Brisbane suburb characterised by leafy, family-friendly streets and a mix of weatherboard Queenslanders, low-set brick homes and more recent infill. It is primarily residential, centred on small shopping strips and local cafes that serve the neighbourhood, with plentiful parks, playgrounds and sporting ovals that attract families and active residents. Regular bus services and convenient access to major north-side roads make commuting straightforward, while the steady presence of schools, community clubs and green space gives the area a settled, suburban rhythm rather than a commercial or high-rise feel.

Wavell Heights property market performance

Current median dwelling price$1,136,000Past 3 months

Property growth+13.9%Past 12 months

Wavell Heights has relatively few recent unit sales, so there isn't enough data to publish a reliable median unit price. On the house side, the median house price is $1.675 million, with house values up sharply, rising 16.7% over the last 12 months. Unit values rose 11.0% over the same period, so house value growth outpaced unit value growth.

There were 42 houses and 4 units sold over the last 3 months. Houses sold in a median of 32 days over the last 12 months while units sold in a median of 9 days, so units sold more quickly than houses.

In Wavell Heights the rental market averaged $780 a week for houses, a solid 8.3% rise over the last 12 months, and $570 a week for units, a sharp 10.0% increase over the last 12 months; the two moved at a similar pace.

HousesUnits
Median price
Past 3 months
$1.68MN/A
Change in value
Past 12 months
16.7%11.0%
Sold
Past 3 months
424
Median days on market
Past 12 months
329
Average rent
Past 12 months
$780$570
Change in rent
Past 12 months
8.3%10.0%

5 year median price trend for houses and units

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Wavell Heights demographics

There are 10,336 residents with a median age of 37. The median total household income is $2,615 a week, roughly $136,000 a year.

Families are prominent: couple families with children are the largest group at 53.1%, and together with couple families without children (32.2%) they make up just over eight in ten families. One-parent families account for 13.2%, while other families represent 1.6%.

Homes in Wavell Heights are mostly owner-occupied, with 29.2% owned outright and 43.1% owned with a mortgage, a combined 72.3% owner-occupied, while 27.6% of homes are rented.

Suburbs near Wavell Heights

Some popular suburbs near Wavell Heights include:

  • Chermside: Major retail and commercial hub for Brisbane's northern suburbs.
  • Kedron: Leafy residential suburb with established streets and several neighbourhood parks.
  • Nundah: Urban village feel with cafes, local shops and a mix of housing.
  • Wooloowin: Established suburb with character homes and tree-lined streets.
  • Kalinga: Small suburb known for riverside parkland and relaxed, leafy streets.

How does Wavell Heights compare to nearby suburbs?

  • Median house prices: Wavell Heights’s median house price is 38.4% higher than Chermside’s.
  • Median unit prices: Wavell Heights’s median unit price is 12.6% higher than Chermside’s.
  • House price growth: Over the past 12 months, house prices in Wavell Heights have grown 16.4% higher than in Wooloowin.
  • Unit price growth: Property prices in nearby Chermside have risen 8.9% more than in Wavell Heights over the past year.
  • Selling speed for houses: Properties in nearby Chermside are selling 50.0% faster than in Wavell Heights.
  • Selling speed for units: Properties in Wavell Heights are selling 40.0% faster than in Chermside.
  • Investment considerations: In Wavell Heights, the rental yield for house is 9.4% higher than the Brisbane average, while the rental yield for units is 13.1% lower.
  • House price growth: Over the past 12 months, house prices in Wavell Heights have grown 35.0% higher than the average rate of growth across Brisbane.
  • Unit price growth:Over the past 12 months, unit prices in Wavell Heights have grown 3.8% lower than the average rate of growth for units across Brisbane.

Choose the right real estate agents in Wavell Heights

There are 95 real estate agents in Wavell Heights, but they don’t all deliver the same results.

Some agents have a much stronger presence in the suburb, with just 5 agents handling around 36.3% of all sales in the past year.

Commission rates in Wavell Heights typically range from 2% to 3%. Comparing agents—including what they charge, what’s included, and how they structure their fees—is not only important when choosing an agent, the right structure can help ensure your chosen agent is motivated to achieve the best possible result.

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