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Wishart suburb profile

Wishart is a family-friendly suburb located approximately 14km southeast of Brisbane's CBD, known for its peaceful residential atmosphere and convenient amenities. The suburb features a mix of modern homes and established properties, appealing to families and professionals alike. Wishart is well-served by public transport and is in close proximity to major shopping centres like Westfield Garden City. The area boasts several parks and recreational facilities, making it ideal for outdoor activities. With reputable schools and a strong sense of community, Wishart offers a balanced lifestyle with easy access to urban conveniences.

Wishart property market performance

Wishart’s property market has experienced robust growth over the past 12 months, with house values increasing by 14% and unit values surging by 17.5%. The median house price has averaged $1.51 million, while units have reached $777,500, indicating strong demand across both property types.

Sales activity has been active, with 28 houses and 12 units sold in the past three months. Properties are moving quickly, with houses spending a median of 19 days on the market and units just 17 days, reflecting a competitive market environment.

The rental market in Wishart has also seen upward trends, with house rents increasing by 6.4% and unit rents by 1.7% over the last 12 months, suggesting a steady demand for rental properties in the area.

Median price - houses$1.45MPast 3 months

Median price - units$783KPast 3 months

Change in value - houses15.0%12 months

Change in value - units17.9%12 months

Houses sold24Past 3 months

Units sold10Past 3 months

Median DOM - houses19Past 12 months

Median DOM - units16.5Past 12 months

Average rent - houses$750Past 12 months

Average rent - units$600Past 12 months

Change in rent - houses7.1%Past 12 months

Change in rent - units0.8%Past 12 months

Wishart demographics

Wishart, located in the southern suburbs of Brisbane, is a family-friendly area known for its peaceful residential streets and convenient access to amenities. With a population of 11,333, the suburb offers a balanced lifestyle, appealing to both families and professionals. The median age of 39 suggests a mature community, with many residents enjoying the suburb's proximity to schools, parks, and shopping centers.

The suburb's housing market is characterized by a high rate of home ownership, with 37.4% of properties owned outright and 36.1% owned with a mortgage. This stability is attractive to families looking for long-term residence, as evidenced by the 53.2% of couple families with children. The presence of quality schools and recreational facilities further enhances Wishart's appeal to families.

Wishart's rental market, comprising 26.4% of properties, provides options for those seeking flexibility, including young professionals and smaller households. The suburb's median total household income of $2,026 per week reflects a comfortable standard of living, supported by employment opportunities in nearby commercial hubs. Overall, Wishart offers a harmonious blend of suburban tranquility and urban convenience, making it a desirable location for a diverse range of residents.

Wishart infrastructure, key developments and investment opportunities

Wishart is experiencing several developments that could impact its property market. The suburb is set to benefit from the ongoing Southeast Busway extension project, which will improve public transport connectivity to Brisbane CBD and surrounding areas. This enhanced accessibility is likely to increase the suburb's appeal to commuters and potentially boost property values along key routes.

Additionally, the recent upgrades to local schools, including Wishart State School, have enhanced educational facilities in the area, making it more attractive to families. The nearby Westfield Garden City shopping center's continuous expansion and improvement also contribute to Wishart's amenities. These developments, combined with Wishart's established residential character and proximity to major road networks like the Gateway Motorway, are likely to sustain strong demand for properties in the suburb.

Wishart rental market trends

The rental market in Wishart has experienced moderate growth, with house rents increasing by 6.4% over the past year to $750 per week, while unit rents have seen a smaller rise of 1.7% to $600 per week. This stable growth, combined with the suburb's family-friendly environment and proximity to amenities, makes Wishart an attractive option for both renters and investors.

Suburbs near Wishart

Some popular suburbs near Wishart include:

Common questions about Wishart

  • Is Wishart a nice place to live?

    Wishart is a delightful suburb that offers a serene and family-oriented environment, making it a wonderful place to call home. Nestled just southeast of Brisbane, it provides a peaceful residential vibe with a strong community spirit. The suburb is known for its lush green spaces and parks, which are perfect for families and outdoor enthusiasts to enjoy leisurely activities. The presence of reputable schools adds to its appeal for families, ensuring quality education is within easy reach.

    Living in Wishart means having convenient access to a range of amenities. The suburb is well-connected by public transport, making commuting to Brisbane's CBD and other areas straightforward. Shopping enthusiasts will appreciate the proximity to major shopping centres, which offer a variety of retail and dining options. While Wishart may not have the bustling nightlife of inner-city suburbs, it compensates with its tranquil atmosphere and community-focused lifestyle.

    Safety is generally not a concern in Wishart, contributing to its attractiveness for families seeking a secure environment. However, one trade-off of living in this peaceful suburb is that it may not offer the same level of excitement or cultural activities as more urban areas. Nonetheless, the suburb's charm lies in its balance of suburban tranquility and urban convenience, making it a desirable location for those who value a quieter lifestyle while still being close to the action.

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  • Is it expensive to live in Wishart?

    Living in Wishart can be quite costly, especially when considering the current property market. The median house price is around $1,510,000, which is on the higher end for the area. Units, while more affordable, still have a median price of $777,500. These figures suggest that purchasing property in Wishart requires a significant financial commitment.

    When it comes to renting, the average cost for houses is about $750 per week, while units average $600 per week. These rental prices are relatively high, reflecting the suburb's desirability and the quality of life it offers. The average wage in Wishart is approximately $95,000 per year, which aligns with the broader Queensland average. However, given the high property prices and rental costs, a substantial portion of one's income would likely go towards housing expenses.

    Overall, Wishart offers a pleasant lifestyle with its suburban charm and amenities, but the cost of living, particularly in terms of housing, can be expensive. If you are thinking of living in Wishart, it's important to carefully consider your financial situation and ensure it can accommodate the expenses associated with this appealing suburb.

    Disclaimer: To assess whether a suburb is considered expensive, we’ve looked at mortgage and rental costs as a proportion of the average local salary. That said, 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 Wishart a good place to invest?

    Wishart is showing promising signs as a suburb worth considering for investment. Over the past year, the median house value has increased by an impressive 14.0%, while units have seen an even more significant rise of 17.5%. This upward trend in property values indicates strong demand and a healthy real estate market, making it an attractive option for those looking to invest in property.

    In addition to the rising property values, Wishart's rental market is also performing well. House rents have increased by 6.4% over the last year, suggesting a steady demand for rental properties. Although the change in rent for units is more modest at 1.7%, the overall rental market remains stable, providing a reliable source of rental income for investors.

    Overall, Wishart presents a compelling case for investment with its strong capital growth and stable rental market. The suburb's consistent performance in both property values and rental returns makes it a solid choice for those seeking a balanced investment opportunity. With its promising growth trajectory, Wishart is definitely a suburb to keep an eye on for future investment potential.

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