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: