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
Current median dwelling price$983,500Past 3 months
Property growth+12.5%Past 12 months
Wishart’s property market has shown robust growth over the past 12 months, with house values increasing by 9.8%. The current median house price stands at $1.4 million. Although unit sales are minimal, with only 3 units sold, unit values have surged by 15.3%, indicating a potential interest in this segment.
Sales activity for houses has been strong, with 35 houses sold over the past 12 months. Houses are selling quickly, with a median of just 25 days on the market, reflecting high demand in the area. The unit market, however, remains less active.
In the rental market, Wishart has seen moderate increases, with house rents rising by 3.3% and unit rents by 7.4% over the last 12 months. The average rent for houses is $723, while units average $650, suggesting a healthy rental demand.
Houses | Units | |
---|---|---|
Median price Past 3 months | $1.40M | N/A |
Change in value Past 12 months | 9.8% | 15.3% |
Sold Past 3 months | 35 | 3 |
Median days on market Past 12 months | 25 | N/A |
Average rent Past 12 months | $723 | $650 |
Change in rent Past 12 months | 3.3% | 7.4% |
5 year median price trend for houses and units
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 3.3% over the past year to $723 per week, while unit rents have seen a more significant rise of 7.4% to $650 per week. This steady demand highlights Wishart's appeal as a desirable suburb for both renters and investors seeking stable returns in a well-connected area.
Suburbs near Wishart
Some popular suburbs near Wishart include:
How does Wishart compare to nearby suburbs?
- Median house prices: Wishart’s median house price is 9.5% higher than Upper Mount Gravatt’s.
- Median unit prices: Wishart’s median unit price is 24.4% higher than Upper Mount Gravatt’s.
- House price growth: Over the past 12 months, house prices in Wishart have grown 5.8% higher than in Holland Park.
- Unit price growth: Over the past 12 months, unit prices in Wishart have grown 13.0% higher than in Carindale.
- Selling speed for houses: Properties in Wishart are selling 13.8% faster than in Upper Mount Gravatt.
- Investment considerations: In Wishart, the rental yield for house is 7.1% higher than the Brisbane average, while the rental yield for units is 5.9% higher.
- House price growth: Over the past 12 months, house prices in Wishart have grown 27.2% higher than the average rate of growth across Brisbane.
- Unit price growth:Over the past 12 months, unit prices in Wishart have grown 18.0% higher than the average rate of growth for units across Brisbane.