Date Prepared: 13th November 2024
Sources: Attached PDF (Pricefinder), ABS, Landchecker, Your Investment Property Magazine, Walkscore, TMR Queensland, Domain, and Google (for parks).

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Overview

Wellington Point is a prestigious bayside suburb located 22 km southeast of Brisbane CBD. Known for its scenic waterfront views, historic charm, and family-friendly community, Wellington Point offers a mix of luxury and convenience.

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Demographics

• Population: Approximately 12,350 (2021 Census, ABS).
• Median Age: 41 years, indicative of families and middle-aged professionals.
• Dwelling Type: Predominantly standalone houses, with a growing number of modern townhouses and units.
• Ownership: High levels of owner-occupiers, reflecting long-term residential stability.

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Property Market (2024)

Houses

• Median Sale Price: $1,180,000 (+12.9% annual growth).
• Median Weekly Rent: $750.
• Rental Yield: 3.4%.
• Sales Volume: 208 house sales in the past 12 months.

Units

• Median Sale Price: $680,000 (+19.8% annual growth).
• Median Weekly Rent: $580.
• Rental Yield: 4.4%.

Long-Term Trends (2006–2024)

• Wellington Point’s property market has shown strong and steady growth, with house prices increasing from $412,500 in 2006 to $1,180,000 in 2024.

Recent Notable Sales

• 5 Discovery Place: Sold for $1,500,000 (Nov 2024).
• 19 Starkey Street: Sold for $6,540,000 (Sep 2024).
• 28 Prunda Circuit: Sold for $1,349,000 (Oct 2024).

Source: Pricefinder, Your Investment Property Magazine.

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Education

Wellington Point provides access to reputable schools:

• Primary Schools:
  • Wellington Point State School.
  • Birkdale South State School.
• Secondary Schools:
  • Wellington Point State High School.
• Private Schools:
  • Ormiston College (Prep to Year 12), located nearby in Ormiston.

Source: Queensland Department of Education, Landchecker.

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Amenities and Lifestyle

Shopping

• Wellington Point Village: Features boutique shops, cafes, and essential services.
• Nearby Options: Capalaba Central and Capalaba Park Shopping Centres provide larger retail and entertainment offerings.

Parks and Recreation

• Wellington Point Reserve: A popular spot for water activities, picnics, and scenic views.
• King Island Walk: A unique tidal walk to King Island accessible during low tide.
• Hilliards Creek Conservation Area: Offers walking trails and nature experiences.

Source: Google, Walkscore.

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Transport and Accessibility

• Road Network:
  • Easily accessible via Birkdale Road and Old Cleveland Road East for connections to Brisbane and surrounding suburbs.
• Public Transport:
  • Wellington Point train station provides regular services to Brisbane CBD.
  • Local bus routes connect Wellington Point to neighboring areas.
• Walkability:
  • Moderate; local shops, parks, and schools are easily accessible on foot.

Source: TMR Queensland, Walkscore.

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Recent and Planned Developments

• Luxury Homes: Increasing construction of high-end waterfront properties catering to premium buyers.
• Community Upgrades: Planned enhancements to parks and local facilities by Redland City Council.

Source: Pricefinder, Your Investment Property Magazine.

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Community and Employment

• Employment Sectors:
  • Dominated by education, healthcare, retail, and professional services.
• Community Activities:
  • Regular markets, cultural events, and recreational programs create a vibrant community.

Source: ABS, Your Investment Property Magazine.

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Key Statistics at a Glance

Metric	Value
Population	~12,350 (2021 Census).
Median House Price (2024)	$1,180,000.
Median Rent (Houses)	$750/week.
Rental Yield (Houses)	3.4%.
Median Unit Price (2024)	$680,000.
Median Rent (Units)	$580/week.
Rental Yield (Units)	4.4%.
Notable Parks	Wellington Point Reserve, King Island Walk, Hilliards Creek Conservation Area.
Transport Access	Wellington Point Train Station, Birkdale Road.

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Conclusion

Wellington Point combines coastal living with modern convenience, offering strong investment potential and a high-quality lifestyle. Its thriving property market, excellent schools, and vibrant community make it a standout suburb in Redland City.