Get a property report and suburb profile for any property in Wellington Point

Wellington Point sits on Moreton Bay around the long headland known as the Point and its jetty, and life there is shaped by the foreshore, mangroves and walking tracks. Picnic areas, boat ramps and sheltered water make the area attractive to boating enthusiasts and people who enjoy outdoor time, while a low-rise village strip of cafés and local shops sits close to the waterfront. Streets behind the esplanade contain a mix of older weatherboard cottages, modern family homes and waterfront residences, and good public transport links make it a popular choice for commuters seeking a relaxed coastal lifestyle within easy reach of the city.

The suburb is home to 12,661 people and has a median age of 43, and it is strongly family-oriented. Couple families make up the bulk of families, and almost four in five homes are owner-occupied (36.0% owned outright and 43.8% owned with a mortgage) while 20.2% are rented. Local upgrades are planned or under way, including a Maritime Safety Queensland business case to improve the boat ramp and boating facilities, programmed structural repairs to the jetty, and council-led village streetscape, Village Green and reserve works supported by local business groups. Whether that mix suits you depends on what you want from a suburb.

At Wellington Point, a median house price of $1,400,000 works out to about 12.3 times a typical local household's annual income at the last Census, which places buying well above local incomes. Renting is cheaper in dollar terms but still takes a sizeable share: $800 a week for a house is about 36.4% of a typical local household's weekly income at the last Census, and $710 a week for a unit is about 32.3%. On these figures, buying sits further above local incomes than renting; whether that feels expensive depends on your own income and circumstances.

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

The clearest movement in Wellington Point over the past year is in unit prices, which jumped 50.2%. House values also rose, up 12.5%, a solid gain but much smaller than the unit lift. House rents increased 3.2% over the same period, a modest rise, and that is the figure someone focused on rental income would watch. Overall the figures show capital growth was the stronger performer this year, particularly on units, while rental income moved more modestly; whether that balance suits your goals and circumstances is for you to weigh up.

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.